GREENVILLE, S.C., Aug. 24 /PRNewswire/ -- CAV International Inc., a US Government outsourcing contractor with expertise in airfield services & logistics, announces that the United States Navy has awarded CAV International a new multi-year contract for Air Terminal and Ground Handling Services at Naval Air Station-Rota, Spain. The annual contract value is $10,505,433, but total value assuming all Options are exercised in out-years will be $57,469,122. CAV (pronounced as in "cavalry") is a subsidiary of Ranger International Services Group, a private equity consolidator specialized in aerospace/defense services. The General Manager for the Spain operation will be Paul Chamberlain, who is CAV International's Vice President of Europe, Middle-East and Africa.
CAV's founder and CEO, Carroll Vaughan, said "We now support US warfighters in 15 countries on 4 continents every day. It is that daily support and superior performance by our employees that has driven and will continue to drive our success."
CAV International, with head offices in Greenville SC, operates in the 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 offers 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. Experts in 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.
Bill McLendon, Chief Operating Officer of CAV International, said: "The expansion of our operations to NAS Rota in Spain will allow us to better serve the Department of Defense throughout the region." McLendon, a US Air Force Academy graduate, continued: "We intend to provide the highest quality of airfield logistics support to the combined forces in this theater."
CAV International is one of the three operating subsidiaries of Ranger International Services Group, Inc. Ranger is a private equity consolidation platform that buys and builds aerospace/defense services companies. Ranger and its co-investors add value to acquired companies via seasoned veterans experienced in an array of aerospace/defense operations, business services, marketing, engineering, and private equity. 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, CEO of Ranger International Services Group, said: "This important contract victory brings our multi-year backlogs to record levels, and is a resounding tribute to all of the highly experienced professionals in our ranks."
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.