Breeze-Eastern announces New Sales

Breeze-Eastern announces New Sales

5-Mar-2013 Source: Breeze-Eastern

The United States Coast Guard has contracted with Breeze-Eastern Corporation (AMEX: BZC) to design a new hydraulic hoist controller for its MH-65 search and rescue helicopters. Breeze-Eastern, the aerospace industry’s only dedicated hoist and winch specialist expects a production contract to follow the $1 million design program.

The new controller will replace a 25-year-old legacy system. Although functionality will not change, reliability and performance improvements will be part of the modernized designs.

“Supporting the U.S. Coast Guard’s lifesaving work is a point of pride for Breeze-Eastern,” said company President and Chief Executive Officer Brad Pedersen. “So modernizing this critical rescue support equipment is an important and exciting opportunity.”

Breeze-Eastern Corporation is the world’s leading designer and manufacturer of high-performance lifting and pulling devices for helicopters, military cargo aircraft, and other aerospace/defense platforms, including rescue hoists, winches and cargo hooks, and weapons-lifting systems.

This release contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements.

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