Pemco World Air Services, the Dothan, AL based subsidiary of Pemco Aviation Group (NASDAQ: PAGI) announced today that it has been awarded a contract from Southwest Airlines to provide aircraft maintenance and modification services on its family of 737 aircraft.
Ron Aramini, President and Chief Executive Officer of Pemco Aviation Group said, "The contract award by Southwest confirms the success of our long term strategy for our Dothan facility. We have focused our efforts on quality, price and schedule in support of our customers and that effort has been rewarded. We are very pleased that Southwest Airlines has selected Pemco to join its team."
Ray Bennett, President of Pemco World Air Services, said, "Southwest takes their relationships with their maintenance providers very seriously. By selecting Pemco, they recognize the expertise of our employees, the quality of our work and our strong desire to be a member of the Southwest team. We appreciate their commitment and believe that our partnership with Southwest will grow and provide benefit to both companies."
"We look forward to building a partnership with Pemco Aviation, moving forward to creating a heavy maintenance program that preserves our impeccable safety record and helps us control our costs," said Jim Sokol, Southwest Airlines Vice President of Maintenance and Engineering.
Pemco Aviation Group, Inc., with executive offices in Birmingham, Alabama, and facilities in Alabama and California, performs maintenance and modification of aircraft for the U.S. Government and foreign and domestic commercial customers. The company also provides aircraft parts, support and engineering services and develops and manufactures aircraft cargo systems, rocket vehicles and control systems, and precision components.
This press release contains forward-looking statements made in reliance on the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may be identified by their use of words, such as "believe,""expect,""intend" and other words and terms of similar meaning, in connection with any discussion of the Company's prospects, financial statements, business, financial condition, revenues, results of operations or liquidity. Factors that could affect the Company's forward-looking statements include, among other things: changes in global or domestic economic conditions; the loss of one or more of the Company's major customers; the Company's ability to obtain additional contracts and perform under existing contracts; the outcome of pending and future litigation and the costs of defending such litigation; financial difficulties experienced by the Company's customers; potential environmental and other liabilities; the inability of the Company to obtain additional financing; material weaknesses in the Company's internal control over financial reporting; regulatory changes that adversely affect the Company's business; loss of key personnel; and other risks detailed from time to time in the Company's SEC reports, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2004. The Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. The Company does not undertake any obligation to update or revise any forward-looking statements and is not responsible for changes made to this release by wire services or Internet services.
Source: Red Orbit
