Correction: Precision Aerospace & Defense Group Announces Letter of Intent with Leader in Communications, Security and Surveillance Integration Solutions

Precision Aerospace & Defense Group (PAD), the proposed merger target of FACT II Acquisition Corp., announced a non-binding Letter of Intent to acquire a provider of telecommunications and surveillance systems. The acquisition is expected to add an estimated $12.0 million of revenue and $3.8 million of EBITDA to the combined entity for the 2026 calendar year.

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