Prime Turbines Wins Overhaul Contract with El Colono for Eight PT6A Engines

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CARROLLTON, Texas--(BUSINESS WIRE)-- Prime Turbines LLC, a subsidiary of VSE Aviation, Inc. (VAI) has signed a contract with El Colono of Costa Rica for the overhaul of eight PT6A-34AG turboprop engines. El Colono operates 21 aerial application aircraft across Central America specializing in the spraying of banana crops.

The El Colono engines will be overhauled at Prime Turbines’ Carrollton, Texas MRO facility. Each engine to be overhauled will be supported by a Prime Turbines rental engine to ensure no downtime for the aircraft while overhauls are completed. The eight engine MRO contract represents a value of approximately $2.2 million over a period of 18 months.

“We have been supporting El Colono for the past six years with engine overhauls, hot section inspections, parts sales and technical assistance,” commented Paul Goffredi, VSE Aviation President and COO. “This new overhaul contract will increase our existing level of effort and is a great vote of confidence and trust in our technicians, services, response time and quality. We appreciate El Colono’s faith in us.”

El Colono Agropecuario, S.A. was established in 1978 in Caramri, Costa Rica specializing in sales of agricultural products. Over the years, the company has grown to now employ approximately 3,500 people operating 90 stores that sell agricultural products, construction materials and supplies as well as provide aerial application services in Costa Rica and Panama.

Prime Turbines, LLC is a subsidiary of VSE Aviation, Inc., a VSE Corporation company. Prime Turbines is a leading, independent PT6A maintenance, repair and overhaul company headquartered in Carrollton, Texas with additional facilities in Mesa, Arizona and Pittsburgh, Pennsylvania. For additional information regarding Prime Turbines’ services and products, please see the company’s website at www.primeturbines.com or contact Karen Goode at +1 (972) 406-2153.

About VSE Aviation

Established in 2015 by VSE Corporation, VSE Aviation, Inc. is a family of companies which includes Air Parts & Supply Co., CT Aerospace LLC, Kansas Aviation LLC, Prime Turbines LLC, VSE Aviation GmbH, and VSE Aviation Singapore PTE LTD which specialize in maintenance, repair and overhaul (MRO) services and parts supply for commercial, corporate and regional aircraft. For additional information regarding VSE Aviation services and products, please contact Karen Goode at +1 (972) 406-2153.

About VSE Corporation

Established in 1959, VSE Corporation (NASDAQ: VSEC) is a diversified products and services company providing logistics solutions with integrity, agility, and value. VSE is dedicated to making our federal and commercial clients successful by delivering innovative solutions for vehicle, ship, and aircraft sustainment, supply chain management, platform modernization, mission enhancement, and program management, and providing energy, IT, and consulting services. For additional information regarding VSE services and products, please see the Company's web site at www.vsecorp.com or contact Christine Kaineg, VSE Investor Relations, at (703) 329-3263.

VSE Aviation, Inc.
Karen Goode, +1 972-406-2153
kgoode@vseaviation.com
or
VSE Corporation
Christine Kaineg, VSE Investor Relations
703-329-3263

Source: VSE Corporation

Released June 7, 2018