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Erickson Air-Crane sees earnings jump

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Thursday, November 08, 2012

A busy fire season led to a 53% boost in third quarter earnings for Erickson Air-Crane.

Erickson, which manufactures, maintains and makes spare parts for its fleet of Sikorsky-64s at its Willow Springs Road complex in Central Point, reported a 29 percent revenue gain over the third quarter of 2011 to $76.3 million.

"It was an extraordinarily active firefighting season," said Udo Rieder, Erickson's president and chief executive officer. "The strength of our revenue gains was broad-based and our market share increased because of new contracts with the U.S. Forest Service."

Read more at The Mail Tribune.

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