Heli-One

Heli-One

June 19, 2011 12:00 ET

Heli-One Signs New Contracts

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 19, 2011) - Heli-One continues to cement its reputation as a leading helicopter integrator after winning a contract to upgrade the Lithuanian State Border Guard's fleet of EC-135 helicopters.

Heli-One will begin integrating new mission communication equipment in the EC-135 helicopters as a part of a two-aircraft upgrade, set to commence in June. The total value of the contract is USD $2.85 million. The project is funded by the EU Special Transit Scheme programme under external border funding.

"We are extremely enthusiastic about our newest contract with the Lithuanian State Border Guard," said Larry Alexandre, President, Heli-One. "We are honoured to be chosen as a partner for such an important project and we will ensure we live up to our reputation for quality."

Heli-One's Stavanger base is also integrating a modern Electro Optical/Infra Red Camera System into RNoAF fleet of helicopters to enhance the visual capabilities during Search and Rescue. Heli-One also supplies the Norwegian Airforce with state of the art EO/IR system in Wescam MX10, and associated cabin mounted mission console. The total value of the contract is USD $2.4 million.

In addition to the contracts with the Lithuanian State Border Guard and the Norwegian Airforce, Heli-One Norway has designed major modifications for the installation of Star Safire II FLR system and Goodrich dual rescue hoist for German Bundespolizei's Super Puma helicopters. The contract is valued at USD $4 million.

Heli-One has also secured a nose-to-tail PBH support agreement for one, S76C++ operated by Thai Aviation Services. The contract has been placed for a period of six years with a value of $7.6 million.

Heli-One is the world's largest, independent helicopter support company, providing engine and component repair and overhaul, modifications, inspections, completions and logistics support for 20 different aircraft types, operated by customers around the world.

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