January 16, 2012
AAR and Nordisk to provide Air Freight Containers to DHL
New order extends long-term relationship with leading international logistics and freight provider
WOOD DALE, ILLINOIS – AAR (NYSE: AIR) announced today that Nordisk Aviation Products has been selected by DHL (EAT Leipzig GmbH) to provide unit load devices (ULDs), containers used to load and transport luggage, freight and mail on cargo aircraft.
The order calls for a variety of large maindeck containers (AAC, AAX, AMX, DQF) to be delivered to several DHL locations in the US, Europe and Asia throughout the first quarter of calendar 2012. The combined value of the orders is over 1 million Euro.Container Manufactured by Nordisk for DHL
“These orders are significant to Nordisk and strengthen our long-term relationship with DHL,” said Frode Ljøterud, President of Nordisk Aviation Products. “We consider this a major vote of confidence from DHL in recognizing Nordisk as one of their most valued suppliers of main-deck containers and look forward to meeting and exceeding the requirements of this very important customer.”
On December 2, 2011, AAR acquired Nordisk Aviation Products, AS (Nordisk) and Telair International GmbH (Telair). The combination of Nordisk, Telair and AAR creates a formidable market leader in the design, production and servicing of aircraft cargo products and systems for both commercial and military platforms.
About AAR
AAR is a global aftermarket solutions company that employs more than 6,000 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; engineering services 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.
Contact
Media Team
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+1-630-227-5100
Editor@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, 2018. 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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Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has been awarded a five-year indefinite delivery / indefinite quantity contract with an aggregate ceiling value of approximately $1.2 billion by the U.S. Navy’s Naval Air Systems Command (NAVAIR) to perform P-8A Poseidon depot airframe maintenance and depot field team support for the U.S. Navy, government of Australia, and foreign military sales (FMS) customers.
