Erickson Selected by NASA for Mid-Air Retrieval Program
PORTLAND, Ore., March 01, 2016 (GLOBE NEWSWIRE) -- Erickson Incorporated (NASDAQ:EAC), a leading global provider of aviation services, has been contracted in support of the initial phases of NASA’s 3rd Generation Mid-Air Retrieval Project.
The project is focused on mid-air retrieval of NASA vessels upon re-entry to the atmosphere. Erickson is contracted to study the concept of operations for proposed NASA missions that employ mid-air retrieval using a single S-64F Aircrane helicopter.
“We strive for our aircraft operations and aviation engineering services to be best in class,” said Jeff Roberts, President and CEO at Erickson Incorporated. “Being selected by NASA, once again, to successfully contribute to the future of spaceflight, is an honor.”
Erickson has provided flight services to NASA and other potential spaceflight providers over the past decade. This work will be conducted at Erickson’s southern Oregon facility with presentation of deliverables to NASA at Armstrong Flight Research Center in Edwards, California. This phase of the program is scheduled to be complete within three months of the contract award.
The S-64F Aircrane helicopter has a hoist weight of 25,000 lbs. and is often utilized for heavy lift projects including construction and timber harvesting. The same aircraft, when equipped with a 2,650 gallon water tank, is an effective and accurate tool for firefighting.
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.
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