MD Helicopters to close $50 million deal with Kurdistan
Phoenix Business Journal
A Mesa aviation company is delivering 14 helicopters to the Kurdistan Regional Government in a $50 million deal. Kurdistan is an autonomously governed region of northern Iraq.
MD Helicopters Inc. will officially hand over the helicopters Friday. They will be used for law enforcement, firefighting and medical purposes, according to representatives of the company.
The Arizona-produced helicopters will be used by the KRG’s Ministry of the Interior. Ethnic Kurds live in northern Iraq, Turkey and Syria.
MD has also made helicopters for the U.S. military, including Special Forces, as well those abroad and police departments both foreign and domestic.
MD is was acquired by Patriarch Partners LLC in 2005. The private equity holding company is headed by Lynn Tilton. She also serves as MD’s CEO.
New York-based Patriarch and Tilton also own the Spiegel catalog, Universal Instruments and Rand McNally maps and atlases.
