Erickson Air-Crane Incorporated (NASDAQ: EAC) (“Erickson” or “the Company”), a leading global provider of aviation services to a diverse mix of commercial and government customers, and the vertically-integrated manufacturer and operator of the powerful heavy-lift Erickson S-64 Aircrane helicopter, announced today that it has won an extension to its prime contract with USTRANSCOM (U.S. Transportation Command) to provide essential services in support of overseas operations in Afghanistan.
The award was made to Evergreen Helicopters (“EHI”), a recently acquired and now wholly owned subsidiary of Erickson. Under the contract, the Company will provide multiple aircraft, pilots and ground crews for both passenger and cargo transport services in support of current operations. The total value of the contract extension is approximately $24 million; the Company noted the award derives its funding from portions of the Defense budget not subject to sequestration.
Udo Rieder, Chief Executive Officer of Erickson, commented, “We are very pleased to have extended this important prime contract for essential services and to build on our long-held and important relationship with the US Transportation Command. We are excited to demonstrate for our customer that we stand ready to provide strong levels of performance and readiness across a wide range of critical mission responsibilities.”
About Erickson Air-Crane IncorporatedErickson Air-Crane Incorporated is a leading global provider of aviation services to a diverse mix of commercial and government customers. The Company currently operates a diverse fleet of 85 rotary-wing and fixed wing aircraft, including a fleet of 20 heavy-lift S-64 Aircranes. This fleet supports a wide and worldwide variety of government and commercial customers, across a broad range of aerial services, including critical supply and logistics for deployed military forces, humanitarian relief, firefighting, timber harvesting, infrastructure construction, and crewing. The Company also maintains a vertical manufacturing capability for the S-64 Aircrane, related components, and other aftermarket support and maintenance, repair, and overhaul services for the Aircrane and other aircraft.
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