ANCHORAGE (AP) -- A Calista Corp. subsidiary has signed a lucrative 10-year contract to provide aerospace engineering to the Army.
The military's $1.1 billion pact with Yulista Management Services is the largest contract in the 30-year history of the Yukon-Kuskokwim Delta regional Native corporation, Calista officials said.
''This is basically guiding long-range fiscal planning for the corporation,'' said Matthew Nicolai, president of Calista. ''It will benefit the corporation tremendously.''
The contract to supply technical and engineering support for development of missile systems and aerospace aircraft is a joint venture between Yulista and Science and Engineering Services of Maryland. The companies will work under the name, JVYS.
The joint venture is headquartered in Anchorage and will operate at the Army's Prototype Integration Facility in Huntsville, Ala. The facility provides weapons research for the Department of Defense.
Native-owned Yulista is branching out into new territory with the aerospace contract. The government contractor had specialized in calibrating and repairing precision test equipment used by the military.
''The Army is consolidating its missile and aircraft engineering systems, and we'll be providing the engineers and technicians to actually build the systems,'' John Voth, president of Yulista, told The Tundra Drums.
The project is expect to employ 300 people at its peak in five years, Voth said.
Yulista had revenue of $5.1 million in 2001. The Army contract and a $60 million contract with the U.S. Air Force to calibrate and repair test equipment at nine bases across the country will increase profits in the coming year, according to Voth.
The contract is the largest Army contract ever given to an Alaska Native corporation will greatly increase Calista's bottom line.
Calista owns 88 percent of Alaska Newspapers Inc., which publishes seven weeklies around the state.
Yulista was formed in 1982 as Calista Professional Services and, later, Village Management Services. The company changed its name to Yulista in 1996, and began focusing on winning government contracts.
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