Key Developments For Air Methods Corp
Air Methods Corp (AIRM.O) (Nasdaq)
Air Methods Corporation Enters Into Definitive Agreement To Acquire Omniflight, Inc.'s Atlanta And North Georgia Operations
Air Methods Corporation announced that the Company had entered into a definitive purchase agreement to acquire Omniflight, Inc.'s Rescue Air operations in Atlanta and North Georgia. The transfer of ownership is expected to occur on February 1, 2009. The purchase price to be paid is based on a risk sharing model and is contingent on results of future operations. Terms of the deal were not disclosed.
Air Methods Corporation Receives $17 Million Contract From Sikorsky Aircraft Company
Air Methods Corporation announced its Products Division has been awarded a contract in excess of $17 million from Sikorsky Aircraft Company for production of 48 HH-60M Black Hawk Multi-Mission Medevac Interior Systems. Production has started and is anticipated to be completed by the third quarter 2010.
Air Methods Corporation Announces $15 Million Contract From General Dynamics Land Systems
Air Methods Corporation announced its Products Division has been awarded a contract in excess of $15 million from General Dynamics Land Systems. The contract calls for Air Methods to provide more than 300 patient loading systems to General Dynamics for the U.S. Army Stryker medical evacuation vehicle. Production has started and is anticipated to be completed by the third quarter 2010. The medical evacuation vehicle is a specialized version of the Stryker armored vehicle utilized by the U.S. Army to transport and provide lifesaving medical care for up to four litter patients. The patient loading system is able to quickly convert from the litter configuration into a seating configuration to transport ambulatory patients or personnel, providing versatility to the vehicle.
Air Methods Corporation Issues Q3 2008 EPS Guidance Below Analysts' Estimates
Air Methods Corporation announced that for the third quarter of 2008, it expects fully-diluted earnings will be between $0.67 and $0.70 per share (EPS). According to Reuters Estimates, analysts are expecting the Company to report EPS of $0.80 for the third quarter of 2008.
Air Methods Corporation Issues Q2 2008 EPS Guidance Below Analysts' Estimates-Reuters
Reuters reported that Air Methods Corporation sees second quarter 2008 earnings per share in the range of $0.38 to $0.41. According to Reuters Estimates, analysts are expecting the Company to report EPS of $0.66 for second quarter 2008.
