Atlas and Polar will also continue to support AMC's requirements for additional expansion flying. Although the amount of expansion flying has not been explicitly identified yet by AMC, Atlas and Polar expect it to exceed the fixed award significantly.
Total AMC flying accounted for approximately $186 million in revenue for AAWW in the first eight months of 2004.
The teaming arrangement of which Atlas and Polar are a part has been awarded an estimated $825 million, indefinite delivery/indefinite quantity contract to provide for International Airlift Services, including both fixed and expansion flying.
The Air Force can issue delivery orders totaling up to that amount, although actual requirements will determine if the amount is less than $825 million.
According to the award, Atlas and Polar will be the "location of performance" for 25 percent of the total flying awarded to the team. At this time, no funds have yet been obligated to this contract.
"We are very pleased with the award of this contract, as military flying has been an important component of our business in recent years," said Jeffrey H. Erickson, President and Chief Executive Officer of AAWW.
"Based on AMC's award announcement, we foresee the high level of military flying that we have been conducting continuing into 2005."