Air Methods Receives $44.8 Million Contract From Sikorsky Aircraft Corporation
Company Will Provide Medical Interior Systems for HH-60M BLACK HAWK Helicopter
DENVER, March 4, 2013 (GLOBE NEWSWIRE) -- Air Methods Corporation
(Nasdaq:AIRM), the global leader in air medical transportation, today
announced that its United Rotorcraft Division has been awarded a contract in
excess of $44 million from Sikorsky Aircraft Corporation for MEDEVAC Interior
Systems installed on new HH-60M BLACK HAWK helicopters. This supports
Sikorsky's new Army Multi-Year-8 BLACK HAWK production contract and covers a
five-year period of performance. Initial deliveries will commence in first
quarter 2013 and anticipated completion is by fourth quarter 2017.
"Through this contract, Air Methods is pleased to continue to be part of the
U.S. Army's efforts to modernize its air ambulance fleet," said Tom Curtis,
President, United Rotorcraft. "Our medical interior system provides the crew
the ability to secure the patient and provide advance care. Additionally, the
system can convert from one configuration to another in a matter of minutes,
which maximizes the effectiveness, utility, and overall value of the HH-60M
The HH-60M is the medical evacuation configuration version of the U.S. Army's
BLACK HAWK helicopter. The aircraft can support medical, personnel or cargo
transport missions and United Rotorcraft's state-of-the-art medical systems
can provide critical care for up to six patients. United Rotorcraft's medical
systems include a patented Litter-Lift Patient Loading System, an on-board
oxygen generation system, medical suction, electrical power for medical
equipment and high intensity, night vision goggle (NVG) compatible lighting.
Air Methods Corporation (www.airmethods.com) is the global leader in air
medical transportation. The Air Medical Services Division is the largest
provider of air medical transport services for hospitals and one of the
largest community-based providers of air medical services. United Rotorcraft
Division specializes in the design and manufacture of aeromedical and
aerospace technology. Air Methods' fleet of owned, leased or maintained
aircraft features over 400 helicopters and fixed wing aircraft.
The Air Methods Corporation logo is available at
Forward Looking Statements: Forward-looking statements in this news release
are made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Statements in this press release that are
"forward-looking statements", including statements regarding anticipated
contract completion dates. Actual results could differ materially from those
currently anticipated due to a number of factors, including but not limited
to, the size, structure and growth of the United Rotorcraft Division;
development and changes in laws and regulations; increased regulation of the
aviation industry through legislative action and revised rules and standards;
and other matters set forth in the Company's filings with the SEC. The Company
is under no obligation (and expressly disclaims any obligation) to update or
alter its forward-looking statements, whether as a result of new information,
future events or otherwise.
Please contact Christine Clarke at (303) 792-7579 to be included on the
Company's e-mail distribution list.
CONTACT: Trent J. Carman, Chief Financial Officer, (303) 792-7591
Air Methods Corporation
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