Tempus Applied Solutions announced the construction of a new production center

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Tempus Applied Solutions announced the construction of a new production center

December 8, 2019

Tempus Applied Solutions announced this morning that it has signed a long-term rental agreement with the Virginia Airports Authority to build a global manufacturing centre. Partnerships were established with independent investment platforms.

"The construction of the production center and the start of cooperation with investment platforms is a strategic step for Tempus, which will ensure the growth of the company," said CEO Tempus Applied Solutions B. Scott Terry, CEO of Tempus Applied Solutions B. He added that the facility will be equipped with state-of-the-art manufacturing methods and tooling, including an automated positioning system that uses laser measurements to accurately connect major aircraft structures such as the wing and fuselage.

Production is planned to start in the second quarter of 2022. Currently, the investment program of Tempus Applied Solutions is aimed at maintaining the current level of production and the construction of a new production center. In this area, an additional issue of securities has been made and contracts have been signed with investment platforms, which will provide expanded financing for the company's projects.

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