21 May 2014
Air T, Inc. (NASDAQ Capital Market: AIRT) said its subsidiary, Global Ground Support, LLC, has been awarded a new contract to be the sole supplier of deicing trucks to the United States Air Force.
The contract award is for two years commencing July 14, 2014 with four additional one-year extension options that may be exercised by the United States Air Force at a total contract value up to USD38m. The award includes standard deicer trucks and extended-reach deicer trucks along with shipping and training costs. The actual value of the contract as well as units delivered will be determined based upon actual annual requirements of the United States Air Force. The contract will follow Global´s current contract with the United States Air Force which will expire July 13, 2014. Global has provided 485 deicers under United States Air Force contracts over the past 15 years.
Air T, through its subsidiaries, provides overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other special purpose industrial equipment, and provides ground support equipment and facilities maintenance to airlines. Air T is one of the largest, small-aircraft air cargo operators in the United States. Air T´s Mountain Air Cargo and CSA, Air subsidiaries currently operate a fleet of single and twin-engine turbo-prop aircraft nightly in the eastern half of the United States, Puerto Rico and the Caribbean Islands. Air T´s Global Ground Support subsidiary manufactures deicing and other specialized military and industrial equipment and is one of the largest providers of deicers in the world. The Global Aviation Services subsidiary provides ground support equipment and facilities maintenance to domestic airline customers.
Global Ground Support gets new USAF contract
21 May 2014