AAR Mobility Systems awarded $11.9 million sole-source firm-fixed-price (FFP) contract from the US Army Contracting Command, ...
April 15 2020 - 6:54PM
AAR’s (NYSE: AIR) Mobility Systems division, a leading global
supplier of rapid deployment equipment, has been awarded a
sole-source firm-fixed-price (FFP) contract from the US Army to
produce three variants of Lightweight Multipurpose Shelters (LMS).
These shelters will be manufactured at AAR Mobility Systems in
Cadillac, Michigan. The sole-source firm-fixed-price (FFP) contract
with AAR Mobility Systems is for five years for an estimated value
of $11.9 million.
This contract provides the US Army with a direct method for
procuring three variants of LMS shelters for requirements to
support multi-domain warfare operations. The products are designed
to support Command, Control, Computers, Communications, Cyber,
Intelligence, Surveillance and Reconnaissance (C5ISR) and other
operations while being vehicle mounted.
“AAR Mobility Systems is proud to continue providing this
critical capability to support the warfighter. This sole-source
firm-fixed-price (FFP) contract will ensure that the US Army will
be provided the best equipment possible to meet the challenges of
today and for years to come,” said Lee Krantz, Senior Vice
President, AAR Mobility Systems.
For more information about AAR’s Mobility Systems, click
here.
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About AAR AAR is a global aerospace and defense
aftermarket solutions company that employs more than 6,000 people
in over 20 countries. Headquartered in the Chicago area, AAR
supports commercial and government customers through two operating
segments: Aviation Services and Expeditionary Services. AAR’s
Aviation Services include Parts Supply; OEM Solutions; Integrated
Solutions; and Maintenance, Repair and Overhaul (MRO) Services.
AAR’s Expeditionary Services include Mobility Systems and Composite
Manufacturing operations. Additional information can be found at
www.aarcorp.com.
About AAR Mobility Systems
AAR Mobility Systems is a division of AAR and a leading global
supplier of rapid deployment equipment, including mobile tactical
shelters, pallets and expeditionary containers that enhance the
military’s ability to mobilize, deploy, maneuver and sustain
forces. AAR Mobility also manufactures large lightweight structural
assemblies and platforms that support mission essential functions.
Products are supported through a network of service centers, field
service teams and strategic partners. More information can be found
at www.aarmobilitysystems.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,
including the estimated value. 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, 2019 and the Company’s Form 10-Q for
the fiscal quarter ended February 29, 2020. 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. |
Daniela Pietsch
AAR Corp
630 227 5100
editor@aarcorp.com
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