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

Air Methods Awarded Multiple International Completion Contracts

DENVER, Feb. 20, 2014 (GLOBE NEWSWIRE) -- Air Methods Corporation (Nasdaq:AIRM), the global leader in air medical transportation, announced today that its United Rotorcraft Division has been awarded contracts totaling up to $5.5 million with the Ecuadorian Navy, AgustaWestland, and an unnamed customer in the Middle East to design, manufacture, certify and complete several airframes for a variety of missions.  

"United Rotorcraft is very pleased to have been awarded these unique, international completion contracts," stated Mike Slattery, President, United Rotorcraft. "This new business validates the capabilities and capacity of United Rotorcraft, as well as demonstrates the confidence global markets have in our products and company. We look forward to showcasing the breadth of our capabilities through successful completion of these agreements."

United Rotorcraft will reconfigure four Bell 430 aircraft for the Ecuadorian Navy. Two helicopters will be converted from a dedicated EMS configuration to a search and rescue configuration. The aircraft will be outfitted with new EMS interiors, external hoists, sliding doors, cargo hooks, bambi bucket kits, and a wide arrangement of avionics, tactical radios, satellite communications, and new paint. Two other helicopters will be modified in country to integrate downward looking SAR radars and thermal imaging systems. Additionally, United Rotorcraft will perform an EMS completion, satellite communications installation, and paint for the Ecuadorian Navy's King Air B350 fixed-wing aircraft. All work will be completed in this fiscal year.

The second contract is with AgustaWestland to design, manufacture, and European Aviation Safety Agency-approve three EMS interiors of an AW169 twin-engine helicopter for the Dubai Air Wing/Dubai Police/EMS slated for completion July 2015. With interior design collaboration from Dubai Air Wing, the EMS interior will include the United Rotorcraft Translating Patient Loading System, seating to accommodate six occupants in the main cabin, plus pilots, a customized medical cabinet, and provisions for securing medical support equipment. The interior will be a "quick change" design so that the operator can reconfigure the aircraft to Airborne Law Enforcement and high-density seating for eight occupants in main cabin plus pilots.

The third contract shipping in March 2014 is for a Middle Eastern customer operating the S70i (UH-60 Blackhawk) helicopter. United Rotorcraft will provide two Multi-Patient Stacking System (MPSS) kits for the operator's S70 Blackhawks in support of MEDEVAC missions. Each MPSS will equip the S70's with a light weight stacking litter system capable of transporting up to four critical patients, an integrated seating system for four during ambulatory transports, and advanced life saving capabilities such as oxygen storage and 115A/C power outlets for charging or powering carry-on equipment throughout the mission. In addition, each MPSS includes two multi-function crew seats for medical technicians or other crew members as the mission dictates. This will be the first sale for United Rotorcraft of the MPSS into the Middle East.

1 of 2

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

Chart of I:DJI
DOW 16,058.35 -469.68 -2.84%
S&P 500 1,913.85 -58.33 -2.96%
NASDAQ 4,636.1050 -140.4030 -2.94%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs