Tag Archives: Air Methods

Medevac Market Leader Flies High

By Zacks.com, Contributor

Air Methods , an emergency medical services helicopter operator  is a high-speed enterprise in the business of saving lives. Deploying a fleet of hundreds of helicopters and airplanes in 48 states, Air Methods is the number one provider of medical emergency air transport services. AIRM became a Zacks #1 Rank (Strong Buy) stock last month after analysts raised the current quarter EPS estimate by 10%, the full year 2013 by 8.4%, and 2014 by a whopping 20%. This kind of earnings momentum is not new for Air Methods either. For the last five years, the company has grown revenues by 13% annually and profits by a stunning 38%. Here’s the Zacks proprietary Price & Consensus chart which shows how the stock has been tracking Wall Street growth projections. Though the EPS growth is forecast to slow down somewhat, mid-teens top and bottom line appreciation is still attracting institutional growth investors.

From: http://www.forbes.com/sites/zacks/2013/04/18/medevac-market-leader-flies-high/

Air Methods Receives $44.8 Million Helicopter Contract

By Rich Duprey, The Motley Fool

Filed under:

Air medical transport specialist Air Methods announced yesterday it had received a contract worth $44.8 million from Sikorsky Aircraft to help modernize the U.S. Army’s air ambulance fleet.

Beginning in the first quarter of 2013 and running through the fourth quarter of 2017, Air Methods‘ United Rotorcraft division will provide Medevac interior systems to Sikorsky, the helicopter manufacturing subsidiary of United Technologies , which will install the systems on its new HH-60M Black Hawk helicopters.

United Rotorcraft President Tom Curtis said, “Our medical interior system provides the crew the ability to secure the patient and provide advance care. Additionally, the system can convert from one configuration to another in a matter of minutes, which maximizes the effectiveness, utility, and overall value of the HH-60M helicopter.”

The Medevac interior systems include a patented patient loading system, an on-board oxygen generation system, medical suction, electrical power for medical equipment, and high-intensity, night-vision-goggle-compatible lighting.

With more than 3,000 Black Hawk helicopters operating in 27 countries today,Sikorsky says they have amassed more than 9 million flight hours. Black Hawk helicopters flown by the Army in Iraq and Afghanistan have accumulated more than 1 million fleet flight hours, according to Sikorsky.

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The article Air Methods Receives $44.8 Million Helicopter Contract originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends Air Methods. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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