The provider of aviation services Erickson Air-Crane Inc. (
) received a contract from the U.S. Army to provide medical
evacuation ("MEDEVAC") service and support for the United States
Army base at Fort Wainwright and Fort Greenly in Alaska. The
contract value is $10 million. Fort Wainwright and Fort Greenly
operate in extreme conditions where temperatures at times drop to
-40°F. This makes medical evacuation all the more challenging.
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Erickson Air Crane has the expertise and necessary equipment to
carry out this specialized job. Erickson will provide dedicated
aircraft, management and supervision, personnel, equipment,
supplies, materials, tools, and transportation services to
perform air medical evacuation and training.
Fort Greenly plays an important role in the U.S. Army's
development plans as it is the launch site for anti-ballistic
missiles. With North Korea continuing with its intercontinental
ballistic missile development program, defying pleas from the
international community, the U.S. anti-ballistic missile program
is gaining prominence. As a result, the U.S. Army might consider
expanding its operations at the Fort Greenly base, thus
necessitating more medical transportation services.
The MEDEVAC service will be available at these two army base
24x7. The dedicated Erickson team will take all necessary
measures to transport injured personnel for better medical
treatment. The contract is for one base year with one additional
Erickson Air-Crane recently received another contract from the
defense establishment on the back of its expertise in heavy air
lifting. In August 2013, the company received a five-year $36.6
million contract to provide comprehensive replenishment and
logistics services to the Military Sealift Command.
Erickson Air-Crane currently retains a Zacks Rank #3
(Hold). Other defense operators worth accumulating now are
Alliant Techsystems Inc.
Elbit Systems Ltd.
). Alliant Techsystems and Elbit Systems retain a Zacks Rank #1
(Strong Buy) while Ducommun has a Zacks Rank #2 (Buy).