CHATSWORTH, Calif., Oct. 7, 2004 (PRIMEZONE) -- Logistical Support, Inc. (OTCBB:LGSL), an exciting and rapidly growing manufacturer of military aerospace parts, announced it has been awarded a multi-year UH-60 "Blackhawk" helicopter repair and overhaul contract by the U.S. Army Aviation & Missile Command (AMCOM), at Redstone Arsenal, Alabama.
Mr. Bruce Littell, CEO of Logistical Support said, "We are very pleased to have been award this contract. We are presently servicing and performing on other similar contracts with AMCOM, and are proud of our track record with them. We're optimistic in terms of servicing this latest contract for the full duration."
The contract, which calls for the repair and overhaul of military helicopter hydraulic assemblies, is a 5-year indefinite delivery type contract with a minimum value of $ 2,000,000 for the base year and a maximum value of $10,000,000 if all 4 option years are exercised by AMCOM.
Logistical Support was selected from several bidders to perform overhauls, repairs, upgrades and modifications to the Utility Pump Module Assembly used on the UH-60 Blackhawk military utility helicopter. The Utility Pump Module Assembly is made up of a pump, reservoir, filters, valves and indicators and functions to supply hydraulic power for the helicopter control system.
About Logistical Support, Inc.
Since 1973 Logistical Support, Inc.'s subsidiaries have been qualified sources for manufacturing and overhauling spare parts for the U.S. Government. These companies design, develop, fabricate and integrate spare parts for military aircraft.
Their product lines are broadly based and range from small machine components to complex assemblies, while their areas of expertise include aircraft hydraulics, landing gear, engine parts, structural assemblies and drive systems.
The company prides itself on quality, which has been demonstrated by its delivery of thousands of parts to its customers without a single discrepancy.
Safe Harbor Forward-Looking Statements
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.