MRO Magazine

Erickson Secures Philippines Dam Contract Award

By Business Wire News   



PORTLAND, Ore.

Erickson Incorporated (NASDAQ:EAC), a leading global provider of aviation services, announced today that the company has contracted with Cavite Ideal International Construction and Development Corporation (Cavdeal) and Asia Aircraft Overseas Philippines (AAOP) to provide heavy-lift aviation services in support of the Angat Dam project in the Norzagaray Municipality in Bulacan Province, Central Luzon Island, Philippines. The performance of this work is projected to occur in the second quarter of 2015.

Jeff Roberts, Chief Executive Officer and President of Erickson, commented, “This project is a good fit for us, as we are known for our unique capabilities and experience with precision external load operations, including the transportation and placement of unwieldy materials across difficult terrain in hard to reach locations. Asia is a burgeoning global market, and we’re glad to bring the skills and experience of our pilots and crews to this important infrastructure project. We are positioned to grow our presence in the region.”

This agreement guarantees the use of an S-64E Aircrane in support of a crucial water diversion project, which will ensure water is accessible to hydro-electric facilities supporting Manila and the surrounding rural area. The aircraft will be deployed to move equipment and materials required for the construction of a tunnel to divert an estimated 188 million liters of water per day from the Sumag River to the Angat Dam, augmenting the area’s water supply.

About Erickson Incorporated

Erickson is a leading global provider of aviation services specializing in oil and gas, government services, legacy aircraft MRO and manufacturing, and commercial services such as firefighting, HVAC, power line, specialty, construction, and timber harvesting. Erickson operates a fleet of approximately 80 rotary-wing (light, medium, and heavy) and fixed-wing aircraft, including 20 heavy-lift S-64 Aircranes. Founded in 1971, Erickson is headquartered in Portland, Oregon, USA, and maintains operations in North America, South America, Europe, the Middle East, Africa, Asia Pacific, and Australia. For more information, please visit 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 our failure to successfully execute on our contract in the Philippines, and 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.

Media requests:
Erickson
Susie Elliott, 503-505-5885
selliott@ericksonaviation.com
or
Investor Relations:
ICR Inc.
James Palczynski, 203-682-8229
james.palczynski@icrinc.com

Advertisement

Stories continue below

Print this page