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 two option period extensions with Special Operations Command Africa (“SOCAFRICA”).
The option awards were made to Evergreen Helicopters (“EHI”), a wholly owned subsidiary of Erickson, to provide a mixed 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 two contract options, which began near the end of September, is in excess of $8 million.
Udo Rieder, Chief Executive Officer of Erickson, commented, “We are pleased to continue to provide critical transport capacity for the Department of Defense in Central Africa. We intend to leverage our work with SOCAFRICA to build a meaningful strategic presence in the region. We believe there is an opportunity to capture new customers across a broad range of missions, and that our mix of capabilities is an excellent match for high levels of regional demand for both transport and infrastructure construction capacity.”
About Erickson Air-Crane IncorporatedErickson is a leading global provider of aviation services to a diverse mix of commercial and government customers. Erickson currently operates a diverse fleet of 91 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. Erickson 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 S-64 Aircrane and other aircraft.
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