Vought Defense Systems Signs Contract to Acquire 100% Interest in Quality Performance, Inc.

DUNEDIN, Fla., April 13 /PRNewswire-FirstCall/ -- Vought Defense Systems Corporation. (Pink Sheets: VDSC), a provider of UAV systems and other solutions for the United States government, announced today that it has entered into a Contract to acquire 100% of the voting stock of Quality Performance, Inc., ("QPI"), a Fredericksburg, Virginia based company (www.goqpi.com). In 2009, QPI generated $9.2 million in revenue and $1.5 million in Operating Profit.

The transaction is subject to certain closing conditions including a financing and due diligence. Once all of the conditions are met, both parties anticipate closing the transaction in May 2010.

Edwin Salmon, Chairman and CEO stated, "We are pleased to announce our latest acquisition.  Quality Performance is a terrific company with a long track record of successfully providing products and services to the U.S. Government."

Steve Fortner and Herb McDermott, owners of QPI said, "We are excited to join Ed and his team in building a large, successful defense company. We look forward to contributing to the company's growth and success."

About Vought Defense Systems Corp.:

Vought Defense Systems Corp. is a holding company which owns and operates through its wholly owned subsidiary, Redtide Defense Group, Inc. (http://www.redtidedefense.com/) which is a manufacturer of UAV (Unmanned Aerial Vehicles). The Company has created an inexpensive and, it believes, technically superior solution to the growing $6 billion dollar a year worldwide market demand for UAV's. The Company is looking to grow both organically and through strategic acquisitions. In conjunction with this acquisition, Vought's name will be changed to ALAS Defense Corporation (Air, Land and Sea) www.alasdefense.com to better reflect its overall mission.

About Quality Performance, Inc.:

Founded in 1990, QPI sells products to government and commercial customers in the United States.  QPI also provides life cycle product support services including maintenance services for its products. Services include program management, engineering and technical support, installation and checkout support on site, factory training, spare parts logistics support, technical documentation, and depot-level maintenance repair. QPI's largest customer is the United States Navy.

Safe Harbor Act Disclaimer: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. The Company is a development stage firm that continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.

SOURCE Vought Defense Systems Corp.