WOOD DALE, Ill., March 27, 2017 /PRNewswire/ -- AAR (NYSE:
AIR) has been awarded a $909,394,297 fixed-price contract from the U.S.
Air Force for the Landing Gear Performance-Based Logistics One
program with work expected to be completed by 2032.
"This award is affirmation of AAR's expertise and leadership
position forged over 30 years in managing the repair, maintenance
and logistics of landing gear," said John
Holmes, Chief Operating Officer, Aviation Services. "We are
very honored to support the U.S. Air Force fleet and the critical
missions they perform. We will work tirelessly every day to
make them proud of their selection."
AAR will provide total supply chain management including
purchasing, remanufacturing, distribution and inventory control to
support all Air Force depot and field-level, foreign military
sales, other services, and contractor requisitions received for all
C-130, KC-135 and E-3 landing gear parts.
"AAR is a strong fit to serve as prime on this contract because
we can utilize our broad range of services and facilities across
the country to not only overhaul landing gear for these three
fleets but also procure and manage all the parts needed to keep
them in service," said Nicholas
Gross, Senior Vice President, Government Supply Chain
Solutions.
Repair work will be done at AAR's landing gear services facility
in Miami and inventory supply and
management will be handled via AAR offices and warehouses in
Wood Dale, Illinois and
Ogden, Utah.
"This contract is another great example of how AAR can apply
commercial MRO and supply chain best practices to help the
government increase efficiencies and decrease costs," said
David P. Storch, Chairman, President
& CEO. "In this time of reduced budgets, government can rely on
a trusted partner like AAR that has been providing aviation
aftermarket services for more than 60 years."
About AAR
AAR is a global aftermarket solutions
company that employs more than 4,500 people in over 20 countries.
Based in Wood Dale, Illinois, AAR
supports commercial aviation and government customers through two
operating segments: Aviation Services and Expeditionary Services.
AAR's Aviation Services include inventory management; parts supply;
OEM parts distribution; aircraft maintenance, repair and overhaul;
and component repair. AAR's Expeditionary Services include airlift
operations; mobility systems; and command and control centers in
support of military and humanitarian missions. More information can
be found at www.aarcorp.com.
This press release contains certain statements relating to
future results, which are forward-looking statements as that term
is defined in the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based on beliefs of Company
management, as well as assumptions and estimates based on
information currently available to the Company, and are subject to
certain risks and uncertainties that could cause actual results to
differ materially from historical results or those anticipated,
including those factors discussed under Item 1A, entitled "Risk
Factors", included in the Company's Form 10-K for the fiscal year
ended May 31, 2016. Should one or
more of these risks or uncertainties materialize adversely, or
should underlying assumptions or estimates prove incorrect, actual
results may vary materially from those described. These
events and uncertainties are difficult or impossible to predict
accurately and many are beyond the Company's control. The
Company assumes no obligation to update any forward-looking
statements to reflect events or circumstances after the date of
such statements or to reflect the occurrence of anticipated or
unanticipated events. For additional information, see the comments
included in AAR's filings with the Securities and Exchange
Commission.
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SOURCE AAR