This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Erickson Air-Crane Announces New Contract To Provide Aerial Fire Suppression For Los Angeles County

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 signed a contract with Los Angeles County. The contract, which has an annual value of approximately $2.7 million, is for the provision of aerial firefighting services and standby availability, along with the personnel, equipment, tools, material, maintenance, and supervision necessary to support operations.

The three-year agreement includes two optional years thereafter, and is for wildland firefighting during a 120-day service period which was scheduled to begin August 15 th, 2013. The company noted that, due to extreme fire conditions and the subsequent potential for devastating wildfires, Erickson has honored requests by both LA County and the US Forest Service to provide early starts to several helitanker contracts.

The greater Los Angeles area is one of the most populous and high-value regions in the United States, but also one of the most fire-prone. Udo Rieder, Chief Executive Officer of Erickson, commented, “Los Angeles firefighting agencies are among the very best in the world. Erickson is proud to partner with Los Angeles County – an acknowledged leader and innovator in the firefighting field – to save lives and resources.”

Erickson will provide one S-64 helicopter equipped with the Company’s proprietary, 2,650-gallon fire suppression system, a detachable water tank with multiple refill options and eight coverage levels for targeted fire suppression. Van Nuys airport will serve as the staging area for the S-64 helitanker, as well as an additional S-64 stationed for urban firefighting on a contract with Los Angeles City, both of which will be available for fire suppression efforts at all times during the contractual service periods.

Los Angeles County Fire Chief Daryl L. Osby added, “The Los Angeles County Fire Department is pleased to have secured its second five-year lease agreement with Erickson, as both the fire department and the residents we serve value the exemplary service and commitment to excellence that makes Erickson a leader in aerial firefighting services.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,126.12 -36.87 -0.20%
S&P 500 2,120.79 -2.69 -0.13%
NASDAQ 5,097.9760 -8.6170 -0.17%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs