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Erickson Air-Crane Announces Two Contract Extensions With SOCAFRICA

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 was awarded option period extensions with Special Operations Command Africa (“SOCAFRICA”).

The option awards were made to Evergreen Helicopters (“EHI”), a recently acquired, wholly owned subsidiary of Erickson, to provide a fleet of fixed and rotary wing aircraft for personnel and cargo transport for the Department of Defense in Central Africa. The total value of the contract options is in excess of $8 million.

Udo Rieder, Chief Executive Officer of Erickson, commented, “We are excited to continue to develop a strong operational capability and strategic presence in Africa for the Department of Defense. We believe this region, with its vast territories and relatively undeveloped infrastructure, is becoming an increasingly large and diverse market for aviation services across a broad range of missions and types of customers.”

Mr. Rieder concluded, “Each new contract award brings us incremental visibility and furthers our confidence in the Evergreen business portfolio’s strength. We continue to push toward a cohesive integration of our organizations, and expect significant financial and strategic benefits to emerge.”

About Erickson Air-Crane Incorporated

Erickson 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.

Stock quotes in this article: EAC 

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