Erickson Air-Crane wins Greek firefighting contract
June 1, 2012 ByCarey Fredericks
June 1, 2012, Portland, Or. - Erickson Air-Crane Incorporated, a leading operator and the manufacturer of the heavy-lift hErickson S-64 aircrane, has announced that the NATO Maintenance and Supply Agency (“NAMSA”), which provides various logistics services for NATO nations, has awarded the company a three-year contract to supply aerial firefighting services in Greece for the 2012 to 2014 firefighting seasons.
The contract may also be extended for a further two years at NAMSA’s option.
Under the contract Erickson will receive payments with respect to the provision of its helicopters amounting to $8.9 million per year or $44.4 million over the life of the contract, if extended. Erickson is entitled to receive additional amounts depending on the level of flight hours activity experienced by the helicopters during the term of the contract.
The aerial firefighting services are to be provided by three heavy-lift Aircrane helicopters already deployed in Europe.
“We are very pleased to be a supplier to NAMSA and to assist them in protecting the people, property and natural resources of Greece from the dangers of fire, something we have done in partnership with the Hellenic Fire Brigade for more than ten years,” said Udo Rieder, president/CEO of Erickson Air-Crane.
As a result of the award of this contract, the Company’s backlog increases by $44.4 million, of which $8.9 million is expected to be filled in 2012. The company reiterates its forecast for the second quarter ending June 30, 2012 and fiscal year ending December 31, 2012, which had assumed the signing of the NAMSA contract.