From: Parness & Associates, Aberdeen, N.J.
For: Tiger Capital Group, New York
SURPLUS INVENTORY OF AEROSPACE COMPONENT COMPANY UP FOR BID
-- Tiger Capital Group and Value Resource Group to sell Associated Aircraft Manufacturing & Sales, Inc. excess inventory worth $140 million in May 5th online auction; bidding opens April 28th
POMPANO BEACH, Fla. (4/19/16)—Tiger Capital Group and Value Resource Group, Inc. have been retained by Associated Aircraft Manufacturing & Sales, Inc. (AAMSI) to conduct an online auction of its surplus inventory on May 5. The offering from the leading aerospace manufacturing, repair and logistics company includes more than 30,000 line items, made up of 3 million individual parts valued at $140 million (Government Acquisition Cost), with approximately 95% of the inventory classified as ‘New Surplus’ condition code.
The rotable and expendable parts inventory is designed for such military aircraft as the F-16 Fighting Falcon, F/A-18 Hornet, AV-8 Harrier, HU-16 Albatross, S-2 Tracker, C-130 Hercules, P-3C Orion, and CH-47 Chinook. The components are packed in approximately 1,000 Tri-Walls, and include landing gear accessories, actuators, receivers/transmitters, gyroscopes, pulse decoders, panel assemblies, and nav/com equipment. Buyers can bid on the bulk lot or on 27 sub-lots.
In addition to the aforementioned components, the inventory up for bid includes test equipment, engine blades, impellers, deicing equipment, air data computers, power supplies and more by manufacturers like Honeywell, Hamilton Sundstrand, Raytheon, Allied Signal, Boeing, and Rockwell.
Online bidding will commence April 28 at www.SoldTiger.com and will close in rapid succession, live auction style, on May 5, beginning at 10:30 a.m. (ET). Previews of the assets will be held May 3 and 4, from 10:00 a.m. to 4:00 p.m. (ET) at AAMSI’s warehouse located at 1201 NW 6th Street in Pompano Beach.
“This sale represents a rare buying opportunity for military aerospace parts distributors and maintenance providers to acquire inventory at a competitive price,” said Jeff Tanenbaum, President of Tiger’s Commercial & Industrial division.
Since 1953, Ft. Lauderdale-based AAMSI – an established leader in the global market for Identification Friend or Foe systems – has offered aerospace manufacturing, repair and logistics expertise for military avionics and structural components. For more than 30 years, the company has developed, manufactured and repaired Mark XII Diversity systems for the original equipment manufacturers, and for the U.S. government and approved foreign militaries.
Additionally, AAMSI is licensed by Northrop Grumman Corporation to design, manufacture and/or repair a number of legacy electronic systems across a wide variety of military platforms. The company also provides cables, boards, boxes, electronics design, manufacturing and repair of aerospace components and systems, and is licensed to manufacture hundreds of F-15, F/A-18 and other Boeing military aircraft landing gear and structural airframe parts.
For a full catalog of the items offered and details on how to schedule a site visit and bid, go to: www.SoldTiger.com.
Media Contacts: At Tiger Commercial & Industrial division, Jeff Tanenbaum, president, (805) 497-4999, jtanenbaum@TigerGroup.com; at Parness & Associates Public Relations, Bill Parness, email@example.com, (732) 290-0121 or Mobile: 732-673-6852.