CAV International Wins 10 Airfield Services Contracts in Central and South America
GREENVILLE, S.C., July 27 /PRNewswire/ -- CAV International, Inc., a US Government outsourcing contractor with expertise in airfield services & logistics, announces that the United States Transportation Command (USTRANSCOM) has awarded CAV various airport operations in new multi-year contracts for Air Terminal and Ground Handling Services across 10 countries in Central and South America. CAV (pronounced as in "cavalry") is a subsidiary of Ranger International Services Group, a private equity consolidator specialized in aerospace/defense services.
CAV International successfully renewed airfield support contracts at:
- Silvio Pettirossi International Airport, Asuncion, Paraguay
- Carrasco International Airport, Montevideo, Uruguay
- Tocumen International Airport, Panama City, Panama, and
- Mariscal Sucre International Airport, Quito, Ecuador.
CAV will be commencing new airfield services at:
- Ezeiza Ministro Pistarini International Airport, Buenos Aires, Argentina
- Arturo Merino Benitez International Airport, Santiago, Chile
- Juan Santa Maria International Airport, San Jose, Costa Rica
- El Salvador International Airport, San Salvador, EI Salvador
- La Aurora, Guatemala City, Guatemala, and
- Simon Bolivar International Airport, Caracas, Venezuela.
Additionally, CAV International was recently awarded a follow-on contract for similar airfield services at El Dorado International Airport in Bogota, Colombia. Thus, CAV has attained significant strategic presence at 11 Latin American airfields.
With the successful award of these contracts, CAV International will now be operating on behalf of USTRANSCOM in 14 countries worldwide, and has multiple other international bids pending award. CAV has been steadily strengthening and enhancing its operations in the past several years to support the growth and continuous improvement of its airfield services & logistics capabilities. CAV's strong institutional ownership (Ranger) ensures ample resources to support growth objectives.
CAV International operates in the growing military outsourcing arena, and has an established reputation for quality, reliability, and cost-effectiveness in its performance for the US Government. The company maintains a lean cost model, and is able to offer its Government and Prime Contractor customers an absolute cost advantage and measurably superior quality metrics on a consistent basis. In 2009, CAV performed over 625,000 man-hours of quality-driven professional services, handled over 16,000 USAF airplanes across 19 time zones, processed over 848,000 in-transit military passengers, and managed over 140,000 tons of cargo. Considered to be experts at Airfield Services & Logistics, CAV International currently serves USTRANSCOM and the USAF Air Mobility Command at numerous locations, including the DOD's and USTRANSCOM's most active contracted aerial port in the world, in Kuwait.
CAV International is one of the three operating subsidiaries of Ranger International Services Group, Inc. Ranger is a private equity consolidation platform created by Ranger Aerospace LLC, First New England Capital, Argosy Capital, Plexus Capital, and other investors and limited partners. CAV International, Inc. was ranked #573 on the coveted "Inc. 5000" with three-year sales growth of 471% from 2005 through December 31, 2008. Sister companies of CAV are US Logistics and Ranger TechWorks.
Steve Townes, Ranger Aerospace founder and CEO of Ranger International, said "We are proud to be expanding our operations in Latin America. Our strategic footprint is growing alongside the important mission of our Air Mobility Command customers."
For more information on the company please visit www.cavint.com and www.rangerinternational.com.
Forward Looking Statements: The Company from time to time may discuss forward-looking information. Except for factual historical information, all forward looking statements are estimates by the Company's management and are subject to various risks and uncertainties that are beyond the Company's control and may cause actual results to differ materially from management's expectations.
SOURCE CAV International, Inc.
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