Erickson Incorporated (NASDAQ:EAC) (“Erickson” or “the Company”), a leading global provider of aviation services for a diverse mix of commercial and government customers, announced today that it was recently awarded an option period extension with the United States Navy’s Military Sealift Command (MSC).
Udo Rieder, Chief Executive Officer of Erickson said, “We see this as a huge vote of confidence. We were proud last year to have been awarded the contract to provide our airlift services to Military Sealift Command to support our Navy’s 5th and 7th fleets around the globe. We are even more pleased for our national defense leaders to extend our service and exercise their option to entrust us with the important responsibility to provide personnel and cargo transport.”
Erickson will provide ship-based rotor wing aircraft to support ship-to-ship and shore-to-ship vertical replenishment (VERTREP) in the Mediterranean Sea and Pacific Ocean–a procedure the company helped to develop 16 years ago. SA330J Puma helicopters will be stationed on civilian cargo vessels to support Navy convoys. The aircraft will eliminate dangerous ship-to-ship cargo transfer by delivering vital sustenance, ammunitions and aircraft parts in a fraction of the time. This process will enable ships and their crews to remain at sea for extended periods of time, improving military readiness capabilities.
Erickson employs the world’s most qualified pilots, maintenance personnel and support teams necessary to aid in flight operations and safety procedures. Services offered by Erickson’s heavy, medium and light-lift helicopters include passenger transport, oil and seismic exploration support, search and rescue, aerial spray application, firefighting, long-line lift operations, and emergency medical evacuation in some of the most challenging and isolated places on Earth.
Erickson is a leading global provider of aviation services to a diverse mix of commercial and government customers. Erickson currently operates a diverse fleet of 88 rotary-wing and fixed-wing aircraft, including 20 heavy-lift S-64 Aircranes. The Aircrane is the only helicopter in the world with an aft-facing pilot station used to control extreme precision load placement. 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. Founded in 1971, Erickson is headquartered in Portland, Oregon, and maintains facilities and operations in North America, South America, Europe, the Middle East, Africa and Asia-Pacific. For more information, please visit www.ericksonaviation.com.
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