Erickson Incorporated Awarded Contract Extension with U.S. Navy, Military Sealift Command (MSC)

-- Contract Includes Rotor Wing Support Operations for the Department of Defense --

PORTLAND, Ore.--()--Erickson Incorporated (NASDAQ:EAC) (“Erickson” or “the Company”), a leading global provider of aviation services for a diverse mix of commercial and government customers, announced today that it was recently awarded an option period extension with the United States Navy’s Military Sealift Command (MSC).

Udo Rieder, Chief Executive Officer of Erickson said, “We see this as a huge vote of confidence. We were proud last year to have been awarded the contract to provide our airlift services to Military Sealift Command to support our Navy’s 5th and 7th fleets around the globe. We are even more pleased for our national defense leaders to extend our service and exercise their option to entrust us with the important responsibility to provide personnel and cargo transport.”

Erickson will provide ship-based rotor wing aircraft to support ship-to-ship and shore-to-ship vertical replenishment (VERTREP) in the Mediterranean Sea and Pacific Ocean--a procedure the company helped to develop 16 years ago. SA330J Puma helicopters will be stationed on civilian cargo vessels to support Navy convoys. The aircraft will eliminate dangerous ship-to-ship cargo transfer by delivering vital sustenance, ammunitions and aircraft parts in a fraction of the time. This process will enable ships and their crews to remain at sea for extended periods of time, improving military readiness capabilities.

Erickson employs the world’s most qualified pilots, maintenance personnel and support teams necessary to aid in flight operations and safety procedures. Services offered by Erickson’s heavy, medium and light-lift helicopters include passenger transport, oil and seismic exploration support, search and rescue, aerial spray application, firefighting, long-line lift operations, and emergency medical evacuation in some of the most challenging and isolated places on Earth.

About Erickson

Erickson is a leading global provider of aviation services to a diverse mix of commercial and government customers. Erickson currently operates a diverse fleet of 88 rotary-wing and fixed-wing aircraft, including 20 heavy-lift S-64 Aircranes. The Aircrane is the only helicopter in the world with an aft-facing pilot station used to control extreme precision load placement. This fleet supports a wide and worldwide variety of government and commercial customers across a broad range of aerial services, including critical supply and logistics for deployed military forces, humanitarian relief, firefighting, timber harvesting, infrastructure construction, and crewing. Erickson also maintains a vertical manufacturing capability for the S-64 Aircrane, related components, and other aftermarket support and maintenance, repair, and overhaul services for the S-64 Aircrane and other aircraft. Founded in 1971, Erickson is headquartered in Portland, Oregon, and maintains facilities and operations in North America, South America, Europe, the Middle East, Africa and Asia-Pacific. 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 ability to successfully provide services and otherwise execute under our contract with MSC, and also 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 website 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.

Contacts

Interview requests:
Erickson
Susie Elliott, 503-505-5885

selliott@ericksonaviation.com
or
Investor requests:
ICR
James Palczynski, 203-682-8229

James.Palczynski@icrinc.com
or
Media requests
Coates Kokes

Lance Heisler, 503-241-1124
lance@coateskokes.com

Release Summary

Erickson Incorporated Awarded Contract Extension with U.S. Navy, Military Sealift Command (MSC)

Contacts

Interview requests:
Erickson
Susie Elliott, 503-505-5885

selliott@ericksonaviation.com
or
Investor requests:
ICR
James Palczynski, 203-682-8229

James.Palczynski@icrinc.com
or
Media requests
Coates Kokes

Lance Heisler, 503-241-1124
lance@coateskokes.com