November 07, 2013
AAR Selected to Provide Mission-Essential Containers and Shelters for U.S. Department of Defense and Federal Agencies
Industry leader to supply expeditionary platforms for military and humanitarian missions
CADILLAC, Michigan – AAR (NYSE: AIR) has been selected by DLA Troop Support to provide specialized shipping/storage containers, shelters and accessories to be used by the U.S. Department of Defense and federal agencies. The sole-source indefinite delivery/indefinite quantity (IDIQ) contract with AAR’s Mobility Systems business includes a two-year base period and three one-year renewal options, with anticipated revenues of $200 million to $250 million over the five-year term and a maximum contract ceiling of $400 million.
The new equipment is critical to U.S. Army, Air Force, Navy, Marine Corp and Coast Guard missions, as well as federal civilian agencies and humanitarian aid operations. The products will be manufactured by AAR Mobility Systems at its Cadillac, Mich., and Goldsboro, N.C. facilities. Sustainment support for these products will be offered through service depots in Cadillac and Fayetteville, N.C., with field-level repairs conducted at customer locations worldwide.
“We look forward to continuing our strong history of providing quality products to support our troops, government agencies and humanitarian aid operations,” said Mark Platko, General Manager, AAR Mobility Systems. “Our integral palletized shelter and container designs help reduce costs and improve deployment times, while their lightweight aluminum construction helps to reduce fuel consumption. Additional savings are gained as AAR’s mobility products don’t require ancillary equipment to be on- or off-loaded into aircraft.”
AAR, a global leader in aviation services and technology products for commercial and defense customers, will showcase its full range of capabilities at the Dubai Airshow, November 17-21, at Dubai World Central. AAR representatives will be available to brief reporters and bloggers on its Airlift and other services at its stand, #2118.
About AAR Mobility Systems
AAR Mobility Systems designs, manufactures and supports a wide variety of rapid-deployment equipment and air-mobile expeditionary systems. AAR has a solid reputation as a leading provider of mobility products to the government and defense industries.
Through its Technology Products segment, AAR designs and manufactures a variety of products and structural components for the commercial aviation and defense industries including specialized pallets containers and mobility shelters; integrated communication systems; cargo products and systems, including lightweight containers; and complex aerostructures using precision machining and composites fabrication.
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
Corporate Marketing & Communications
+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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AAR named one of America’s Most Responsible Companies 2025 by Newsweek
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, is proud to announce it has been recognized by Newsweek as one of America’s Most Responsible Companies 2025. This prestigious award is presented in collaboration with Statista, the world-leading statistics portal and industry ranking provider. The awards list was announced earlier this month and can currently be viewed on Newsweek’s website.
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AAR announces divestiture of non-core Landing Gear Overhaul business to optimize portfolio
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that it has entered into a definitive agreement to divest its Landing Gear Overhaul business to GA Telesis. The transaction is valued at $51 million and is expected to close in the first quarter of the 2025 calendar year, subject to customary and regulatory closing conditions. The divestiture will be immediately accretive to margins and earnings.
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AAR resolves Foreign Corrupt Practices Act investigations with the DOJ and SEC
Wood Dale, Illinois — AAR CORP. (NYSE: AIR) (“AAR” or the “Company”) announced today that it has reached resolutions with the Department of Justice (“DOJ”) and the Securities and Exchange Commission (“SEC”) to resolve previously disclosed potential violations of the U.S. Foreign Corrupt Practices Act (the “FCPA”) relating to certain transactions signed in 2016 and 2017 in Nepal and South Africa.
