PORTLAND, Ore., July 18, 2016 (GLOBE NEWSWIRE) -- Erickson Incorporated (NASDAQ:EAC), a leading global provider of aviation services, is pleased to announce a six-month extension of its current four-year contract for government sustainment. The contract extension is valued at up to $29 million and funds operations for the remainder of 2016.
"This contract further enhances our reputation as a trusted provider of aerial services in support of U.S. Government operations and initiatives," said Brian Pierson, Vice President of Global Defense and Security at Erickson.
Under the contract extension, Erickson will continue to provide airlift services for passengers and cargo for Fluor in support of the U.S. Government's Sustainment Contract.
In addition to supporting military contractors with helicopter transportation services over mountainous terrain, Erickson recently announced contract wins with the U.S. Coast Guard and Military Sealift Command (MSC). Erickson has performed Vertical Replenishment (VERTREP) operations for MSC and the U.S. Navy since 2004.
Erickson is a leading global provider of aviation services and operates, maintains and manufactures utility aircraft to safely transport and place people and cargo around the world. The Company is self-reliant, multifaceted and operates in remote locations under challenging conditions specializing in Global Defense and Security, Manufacturing and MRO, and Commercial Services (comprised of firefighting, HVAC, power line, construction, timber harvesting, oil and gas and specialty lift). With roots dating back to 1960, Erickson operates a fleet of approximately 80 aircraft, is headquartered in Portland, Oregon, USA, and operates in North America, South America, Europe, the Middle East, Africa, Asia Pacific, and Australia. For more information, please visit our new website at www.ericksoninc.com.
This press release contains certain statements relating to future results (including, without limitation, “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “plan,” “expect,” “predict”), which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, including certain other risks or uncertainties more fully described under the heading “Risk Factors” in our most recently filed Annual Report on Form 10-K as well as in the other reports we file with the SEC from time to time, which are available at the SEC’s web site located at http://www.sec.gov. You should not place undue reliance on any forward-looking statements. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.