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Piquniq picked.

Piquniq Management Corp. of Anchorage signed a $16.8 million contract with the U.S. Navy to provide parts support for its landing craft, air cushion vehicles. The high-speed, ship-to-shore, long-distance amphibious vehicles are used to transport weapons, cargo and personnel.

PMC and its subcontractor, Textron Marine Systems of New Orleans, announced plans to build and operate a warehouse and office facility in Panama City, Fla. PMC expects to staff the warehouse with three full-time employees and provide support services from its Anchorage office.

The U.S. Coast Guard also awarded PMC a contract worth more than $9 million to PMC to manage its support center on Kodiak Island. The contract is the largest of its kind ever awarded by the West Coast division of the Coast Guard, according to Dusty Kaser, PMC's manager of business development. Under the one-year renewable agreement, PMC provides all facility management, planning, labor, supplies, equipment and related services.

A 50-50 joint venture by Ukpeagvik Inupiat Corp. and Arctic Slope Regional Corp., both of Barrow, PMC originally was established in 1982 to maintain and operate the North Slope Borough's Kuparuk Industrial Center near Prudhoe Bay. The company also operates and maintains the U.S. Navy's radar tracking station on Amchitka Island.

Kaser says PMC has grown quickly, from $2.4 million in revenues in 1987 to $19 million by 1990, with projected revenues of $38 million for 1992. PMC employs about 180 workers, and Kaser predicts the company will hire another 130 for the Kodiak Island operation.

PMC awarded $1.2 million in contracts to five Alaskan businesses to implement the work at the Coast Guard Support Center. According to Mary Rucker, manager of Buy Alaska, this is the largest single purchase resulting from that program, which was launched this year by the Anchorage Chamber of Commerce, the Anchorage Economic Development Corp., the University of Alaska Small Business Development Center and Alaska Department of Commerce and Economic Development's Division of Economic Development to promote local purchasing. Rucker says PMC bought heavy construction equipment and vehicles from Sweeney Motor Co. of Kodiak and from Construction Machinery Inc., Alaska Sales & Service, NC Machinery and Totem Equipment, all of Anchorage.
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Title Annotation:Corporations.; Piquniq Management Corp.
Publication:Alaska Business Monthly
Article Type:Brief Article
Date:Nov 1, 1991
Words:362
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