Mon, Jun 24, 2013
Afghanistan Award, Valued At $100 Million, Significantly Improves FY13 Revenue Visibility
Erickson Air-Crane Incorporated announced Thursday that it has received an annual option year subcontract extension for its work with Fluor Corporation, a large engineering, procurement, construction, maintenance, and project management services contractor.
The award was made to Evergreen Helicopters (“EHI”), a recently acquired and now wholly owned subsidiary of Erickson, which will continue to provide multiple rotary wing aircraft for both cargo and transport mission requirements in support of deployed forces in Afghanistan, as well as for reconstruction activity. The total value of the contract renewal is in excess of $100 million; the Company noted the prime contract which this award supports derives its funding from portions of the Defense budget not subject to sequestration.
“We are proud to continue our partnership with Fluor Corporation and to serve what we view as a significant, urgent and ongoing need for a variety of aviation services work in Afghanistan," said Udo Rieder, Chief Executive Officer of Erickson. "Specific visibility into this demand throughout 2013 is significantly improved, and we are now intently focused on utilizing our diverse fleet of fixed and rotary wing aircraft to provide solid execution on these critical missions.
“This contract extension for our work with Fluor also follows our recently announced contract extension with USTRANSCOM. Taken together, the combined revenue potential available under these contracts is in excess of $125 million, constituting a significant percentage of the annualized revenue contribution that we have planned for Afghanistan, and is consistent with our own expectations.”
More News
Runway Lead-in Light System Runway Lead-in Light System Consists of one or more series of flashing lights installed at or near ground level that provides positive visual guidance a>[...]
Aero Linx: Aviation Without Borders Aviation Without Borders uses its aviation expertise, contacts and partnerships to enable support for children and their families – at hom>[...]
Dave Juwel's Aviation Marketing Stories ITBOA BNITBOB ... what does that mean? It's not gibberish, it's a lengthy acronym for "In The Business Of Aviation ... But Not In The Busine>[...]
From 2010 (YouTube Version): Yeah.... This IS A Really Cool Job When ANN's Nathan Cremisino took over the lead of our Aero-TV teams, he knew he was in for some extra work and a lot>[...]
Also: Junkers A50 Heritage, Montaer Grows, Dynon-Advance Flight Systems, Vans' Latest Officially, the Carbon Cub UL and Rotax 916 iS is now in its 'market survey development phase'>[...]