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Tenax Aerospace Makes Strategic Capital Investment In WGS Systems
The move helps both companies expand their market presence and competitive position.
April 10, 2012 — Tenax Aerospace has recently completed a strategic investment in WGS Systems, a Maryland-based privately-held engineering and electronic product development company.
Tenax is an aerospace company focused on providing quick-reaction aircraft, logistics and inventory spares leasing solutions to government agencies and commercial customers worldwide. This investment by Tenax in WGS builds upon an already strong relationship, and will help both companies expand their offerings in support of Federal and military aviation programs.
“Tenax is pleased to announce this strategic investment in WGS because it immediately expands our market presence and competitive position,” said Tenax’s CEO, Dwain Gadway. “It’s a move that clearly strengthens Tenax’s ability to provide best value solutions and expand our current offerings of turnkey aviation platforms. The result brings more opportunities for Tenax and WGS, and most importantly, better ways for us to help our customers solve mission critical challenges that help protect our country, domestically and abroad.”
“The WGS team is very excited to take this next step in our partnership with Tenax,” stated Bob Wise, CEO of WGS. “We look forward to working with Tenax to maximize efficiencies and deliver best value products and services to our growing customer base. This strategic investment will certainly help our companies grow together.”
WGS has a primary focus on developing airborne and land-based integrated surveillance and reconnaissance systems on manned, unmanned airborne, ground and surface and man-packable platforms.
An award-winning organization poised for rapid growth, WGS provides products and services to the United States intelligence, military, law enforcement and homeland security organizations. Tenax’s strategic investment will help with quick expansion and will also assist in rapid delivery of WGS’s expanding portfolio of products and services to new and existing customers.
Headquartered in Ridgeland, Mississippi, Tenax Aerospace is a privately-held company that provides a full scope of aviation services including aircraft leasing, special missions design and integration, engineering, maintenance and contractor logistics support (CLS). Tenax is an experienced provider of large fleet, multi-site contractor support, and has the capital resources to acquire and modify any aircraft platform to meet the mission profile.
Currently, Tenax employs multiple aviation platforms and provides support services engaged in, intelligence, surveillance and reconnaissance (ISR) operational support, aerial firefighting, tactical pilot and aircrew training and personnel transportation. Tenax has been in the aerospace business since 2003, and current customers include the United States Navy, Air National Guard, U.S. Department of Agriculture, U.S. Department of Justice and other government agencies.