Air T (AIRT) Subsidiary Awarded Supply Contract From U.S. Air Force
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Air T, Inc. (Nasdaq: AIRT) announced that its wholly owned subsidiary, Global Ground Support, LLC, has been awarded a new contract to supply deicing trucks to the United States Air Force. The contract award was for one year commencing July 14, 2009 with four additional one-year extension options that may be exercised by the United States Air Force. 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 replaces Global's previous contract with the United States Air Force which expired June 4, 2009, under which Global provided 420 deicers over the past ten 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. [SM]
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