Subsidiary Updates

Dec 13, 2024

Aleut Federal (AF)

Aleut Federal continues to demonstrate strong performance across its divisions, building momentum for sustained growth. The Mission & Technology Services Group (M&T) is achieving success with its stable leadership and efficient operations at all three Job Corps Centers. M&T’s strategic leasing presence in Arlington, VA, has already resulted in new Department of State task orders.

The Environmental Services Group (ESG) is expanding its footprint, opening a new office in Paducah, Kentucky, to support environmental remediation and cleanup projects. This effort strengthens ESG’s capacity to handle large-scale projects while contributing to the local economy. The Construction Services Group (CSG) has delivered steady results under the Guam SABER contract, recently securing an increased contract value, and continues to perform well for customers like NASA. Aleut Federal’s achievement of a Level 3 Capability Maturity Model Integration (CMMI) rating positions it to pursue additional high-value contracts. These milestones reflect Aleut Federal’s ability to deliver results while positioning itself for long-term growth and success.

Aleut Patrick Mechanical (APMH)

APMH is having a standout year, exceeding budgeted expectations and achieving project profitability. Work on projects at JBER and Ft. Wainwright remains steady, supported by strong margins. Crews have begun work on the Tanana Chiefs Conference (TCC) Chief Peter John Tribal Building in Fairbanks, AK, with additional projects for TCC and Holland America Princess in Denali National Park expected to provide consistent work throughout the winter season.

The company’s strong project backlog and healthy pipeline reflect its ability to secure new opportunities and maintain a steady flow of work. APMH’s strategic focus on high-margin projects and operational excellence continues to drive its growth and success.

Aleut Real Estate (ARE)

Aleut Real Estate has made significant strides this quarter, closing on the acquisition of Huffman Commons in Anchorage, AK. This property strengthens ARE’s growing portfolio and highlights its commitment to strategic investment opportunities. In addition, ARE launched Tayal Brokerage, a new commercial real estate service that enhances its ability to manage, develop, and expand properties. Progress continues on the development of a new construction in collaboration with Aleut and Strata-G. These initiatives reflect Aleut Real Estate’s commitment to sustainable growth and value creation for shareholders.

Aleut Ventures (AV)

Aleut Ventures, formerly Aleut Enterprise, is embracing its new identity with a refreshed brand and updated website, www.aleutventures.com, to align with the company’s expanded vision for the Aleut region. Leadership has been actively engaging with Cold Bay and Adak stakeholders to support this rebranding effort and expand economic impact. AV is working closely with the Anchorage Merrill Field airport director on potential advertising initiatives aimed at boosting air traffic to Cold Bay, strengthening its role as a regional hub. Infrastructure improvements are also underway, including the planned installation of a new fuel dispenser in Cold Bay to enhance operational efficiency. Aleut Ventures’ commitment to innovation and community engagement ensures it remains a vital part of the Aleut family’s portfolio.

Strata-G Solutions (Strata-G)

Strata-G delivers exceptional results through efficient project management and cost control, particularly in drone operations. The company’s performance has been bolstered by recent success on key projects, underscoring its ability to execute complex initiatives with precision. The team is actively managing a robust backlog and exploring future opportunities tied to the development of a new hangar facility, which will expand its capabilities once completed. Strata-G’s strong pipeline reflects a strategic approach to growth, positioning the company to capitalize on emerging opportunities in the aerospace and defense sectors. By maintaining a focus on operational efficiency and innovation, Strata-G continues to build on its reputation as a trusted partner for cutting-edge projects.

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