Erickson Subcontracted to Refurbish MH-53E Helicopters for U.S. Navy

Erickson Selected for Specific Aircraft Expertise, Team and Facility

Jan. 5, 2016 3:00 pm |  More About Erickson


PORTLAND, Ore., Jan. 05, 2016 (GLOBE NEWSWIRE) -- Erickson Incorporated (NASDAQ:EAC), a leading global provider of aviation services, has been selected as a subcontractor by Adams Communication & Engineering Technologies (ACET) for the refurbishment of two MH-53E helicopters, in support of the United States Navy Heavy Lift Helicopter Program.  

“Erickson is pleased to partner with ACET in support of this project,” said Jeff Roberts, President and CEO of Erickson. “We take great pride in assisting the U.S. Navy to enhance their fleet capabilities.”

The contract is for the return of two MH-53E Sea Dragon helicopters to service which requires multiple stages of a complex refurbishment schedule. The award is for one base year, with an optional year. This is the first contract awarded by the U.S. Navy for a depot-level maintenance event of a MH-53E helicopter to a commercial contractor, according to Kerry Jarandson, Erickson’s Vice President of MRO and Manufacturing.

The MH-53E Sea Dragon is one of the largest helicopters in the United States Navy. It is a key platform for enabling the United States to carry out critical defense missions, supporting freedom and preserving lives.

Erickson’s expertise in legacy aircraft support, including large Sikorsky-designed rotorcraft, and manufacturing capabilities positioned the company for the award. Familiarity with Sikorsky drawing and specification systems on the S64 equated to direct relevant experience on the S65 (H-53) as the designs on both systems were created in the same period. 

The contract work will be performed at Erickson’s Medford, OR facilities, beginning this month. The 28,750 square-foot hangar on the Rogue Valley International Airport is well known for its expertise in supporting S-64 and other aircraft operations around the world.

About Adams Communication & Engineering Technology
Adams Communication & Engineering Technology (ACET) is an emerging national security company providing innovative systems, products and solutions in information systems, healthcare systems, aerospace, electronics, and technical services to government and commercial customers worldwide. Their core competencies are aligned with the current and future needs of our customers and address emerging global security challenges in key areas, such as C4ISR, Healthcare IT, Intelligence, and unmanned systems, which are critical to the defense of our nation and its allies.

About Erickson

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 Government Services, 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.ericksonaviation.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.

 

Contact
Bobby Lambrix - Media requests
(503) 505-5885, blambrix@ericksonaviation.com 

Zachary Cotner - Investor Relations
(503) 505-5804, zcotner@ericksonaviation.com

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GlobeNewswire
January 5, 2016 - 3:00 PM EST


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