Erickson Goes Public, Narrows Loss

 - June 6, 2012, 1:35 AM

The manufacturer and operator of the S-64 Air-Crane raised $31.9 million from its long-awaited April initial public stock offering (IPO) on the Nasdaq exchange and narrowed its latest quarterly operating loss to $1.7 million. Erickson said its backlog is $207.9 million, and it expects to make deliveries representing $84 million of that total this year.