29-Oct-2015 Source: Breeze-Eastern
The U.S. Coast Guard has contracted with Breeze-Eastern Corporation (NYSE MKT: BZC) to provide new hydraulic hoist controllers for their MH-65 search and rescue fleet. The contract provides for deliveries over the next three years with early deliveries acceptable and encouraged. Breeze-Eastern, the aerospace industry’s only dedicated hoist and winch specialist, received this production contract after the completion of the design, development and qualification prototype contract.
The new controller will replace a 25-year-old legacy system. While maintaining the existing envelope size and specific required features, the new controller’s interior is a compact modular design, that will reduce maintenance costs and enhance the reliability of the system’s performance. The fully funded firm fixed price contract is valued at $8.9 million.
“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.