7-Jun-2016 Source: Erickson
Erickson Incorporated (NASDAQ:EAC), a leading global provider of aviation services, is pleased to announce the award of two, five year term agreements with one firm-fixed year and four follow on annual option years, to provide vertical replenishment and other rotary-wing logistic services to Military Sealift Command for support of the United States Navy’s 5th and 7th Fleets. Both contracts were awarded in February 2016, but Erickson chose to delay announcement until resolution of protests filed with the Government Accountability Office.
Erickson has performed Vertical Replenishment (VERTREP) operations for the U.S. Navy since 2004. The two contracts are valued at approximately $70 million. Erickson will provide ship-to-ship and ship-to-shore logistics support with personnel, aircraft and spares.
“We are pleased to have been selected to provide these essential services to the Navy’s Military Sealift Command. These new awards further cement our position as a preferred provider of services in support of the U.S. Department of Defense operations around the world,” said Jeff Roberts, President and CEO of Erickson Incorporated.
Operations will be based out of Naval Base Guam, with multiple aircraft supporting United States Pacific Fleet and Central Command. The Company noted that Military Sealift Command’s VERTREP program creates efficiency by enabling ships to remain at sea for extended periods, improves safety and elevates mission readiness levels.