Last weekend gathered at a conference with 200 experts, stakeholders, industry representatives and political/military decision-makers from the European, transatlantic and international Air-to-Air Refueling (AAR) community, Tempus Applied Solutions Inc (OTC:TMPS) is now bouncing of its 52 week low as the company seeks to obtain a DoD contract, which is handed out in October to prospective competitors.
Recently, Tempus Applied Solutions announced that the company has finalized the acquisition of six Lockheed L-1011s formerly owned and operated by the Royal Air Force (RAF) of the United Kingdom. These aircraft previously served the RAF and NATO.
Company CEO Scott Terry stated,
“We are delighted that the aircraft inspections and records reviews were consistent with our expectations thus allowing us to complete this very important transaction. We can now focus our attention on military customers in the USA and NATO that have urgent requirements for air-to-air refueling services.” Terry added, “Now that the deal is closed, our potential customers can better understand our commitment to the aerial refueling mission.”
Technically, we can see that it successfully bounced and maintained the bounce off the 52 week low, and is now curving upwards indicating a positive bullish direction. The 7, 10, and 20 Day Average Directional indicators are now shifted to a BUY status, as indicated by Barchart.com.
Most trader remember TMPS by it relations to Star Wars star Harrison Ford when Tempus Applied Solutions Holdings Inc. announced that its CEO,Scott Terry, was awarded the Harrison Ford Aviation Legacy Award at the 13th annual Living Legends of Aviation Awards in Beverly Hills on Friday, January 22. The award’s namesake, Harrison Ford, chose Mr. Terry as the recipient and presented him the award. Mr. Terry was recognized for his work with nonprofit organization, Global Flight Relief.
Today, the company is in the post stage of corporate shake up, and from our indicators, it seems to be in the reversal stages.