Member access

4-Traders Homepage  >  Shares  >  Nasdaq  >  Air T, Inc.    AIRT   US0092071010


SummaryQuotesChart AnalysisNewsCompany 
News SummaryMost relevantAll news 

Air T : Global Ground Support to Serve as Sole Supplier of Deicing Trucks to United States Air Force

06/01/2014 | 12:26am US/Eastern

Air T, Inc. reported that its wholly owned subsidiary, Global Ground Support, has been awarded a new contract to be the sole supplier of deicing trucks to the United States Air Force.

According to a release, the contract award is for two years commencing July 14, with four additional one-year extension options that may be exercised by the United States Air Force at a total contract value up to $38 million. 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. Global has provided 485 deicers under United States Air Force contracts over the past fifteen years.

Michael Moore, Global's CEO, stated that, "We are proud that Global Ground Support has once again been selected by the United States Air Force to be their supplier of aircraft deicing trucks. Winning this contract is a testament to the quality of product and the after the sale service that Global Ground Support provides to all of its customers. The fact that this was won in open competition and that it allows us to continue to supply this essential piece of operational readiness equipment to our military is particularly gratifying. The awarding of this contract furthers the opportunity for continued strong performance at our Global Ground Support unit in coming years."

((Comments on this story may be sent to

(c) 2014 ProQuest Information and Learning Company; All Rights Reserved.

React to this article
Latest news on AIR T, INC.
3d ago INSIGNIA SYSTEMS : Announces New Board Appointment
6d ago AIR T : Change in Directors or Principal Officers (form 8-K)
11/11 INSIGNIA SYSTEMS : Announces New Board Appointment
11/05 AIR T : Sets Date to Announce Second Quarter Results
09/29 AIR T : Change in Directors or Principal Officers (form 8-K)
09/16 AIR T : Entry into a Material Definitive Agreement, Financial Statements and Exh..
09/05 AIR T : Submission of Matters to a Vote of Security Holders (form 8-K)
08/21 ULTIMATE SOFTWARE : Air T Chooses Ultimate Software's UltiPro for Unified Human ..
08/13 AIR T : Posts First Quarter Earnings
08/12 AIR T : Posts 1Q Earnings
Duration : Period :
Air T, Inc. Technical Analysis Chart | AIRT | US0092071010 | 4-Traders
Dynamic quotes