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May 21, 2010 (FinancialWire) — Tactical Air Defense Services, Inc. (OTCBB: TADF), an aerospace and defense services contractor, said that it has signed a letter of intent to acquire Tactical Air Support, Inc. or “Tac-Air".

Tac-Air, another aerospace and defense services contractor, was founded by a group of former Navy, Marine, and Air Force Weapon's School Instructors. Tac-Air has won and executed multiple contracts awarded by divisions of the U.S. Department of Defense.

Under the terms of the LOI, upon closing of the transaction, Tac-Air shareholders will receive around 46% of the outstanding post-acquisition shares of TADF stock. Rolland C. Thompson, current president of Tac-Air and the former commanding officer of the U.S. Navy Fighter Weapons School more commonly known as "TOPGUN", will be the new CEO and a director of TADF.

Alexis C. Korybut, current CEO of TADF will be the CFO and a Director of TADF, while General Robert R. Fogleman, former chief of staff of the U.S. Air force and former member of the Joint Chiefs of Staff, will be a director of TADF.  Additionally, TADF said it plans to secure around $3 million in post-acquisition financing to retire a $1.75 million promissory note of Tac-Air, and for post-acquisition working capital in order to fully execute its business strategy.

Florida-based Tactical Air Defense Services is an aerospace and defense services contractor that offers air-combat training, aerial refueling, aircraft maintenance training, disaster relief services, and other Aerospace/Defense services to the United States and Foreign militaries and agencies.

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