Erickson Air-Crane Incorporated 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 had received a firm-fixed price contract to provide
ship-based and shore-based vertical replenishment and other rotary-wing
logistic services to Military Sealift Command, for support of the US 5^th and
7^th fleets, operating primarily in the Pacific and Indian Oceans.
This new contract, which was awarded competitively to Evergreen Helicopters
International, a wholly owned subsidiary of the Company, commences on October
1, 2013, has a first year value of $6.8 million and four additional
option-year renewals for a cumulative total value of $36.6 million. Work to be
performed includes search and rescue support, medical evacuations, passenger
transfers, internal cargo movement and dynamic interface testing.
Udo Rieder, Chief Executive Officer of Erickson, commented, “We are pleased to
have been selected to provide these important services to the Sealift Command.
This new award for Evergreen underlines our growth opportunity and further
cements our position as a preferred provider of services for a wide variety of
missions in support of Defense Department operations around the world.”
Operations will be based out of Naval Base Guam, with multiple rotorcraft
operating around both the Pacific and Indian Oceans. The Company noted that
Military Sealift Command's vertical replenishment (VERTREP) program creates
efficiency, enables ships to remain at sea for extended periods, improves
safety and elevates mission readiness levels.
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