July 01, 2014
AAR Operations Commence in Central Africa
Airlift Group provides fixed-wing transport of passengers, cargo and logistics for allied forces
MELBOURNE, Florida – AAR (NYSE: AIR) announces its Airlift division has commenced operations in Central Africa to provide dedicated fixed-wing lift services to U.S. Africa Command (USAFRICOM) under a contract with U.S. Transportation Command (USTRANSCOM). AAR Airlift is providing passenger and cargo transportation services, aerial delivery and logistics support for allied forces. The contract is valued at approximately $23 million, inclusive of all optional task orders.
“Due to the lack of infrastructure in much of Central Africa, U.S. forces rely on commercial providers like AAR Airlift to sustain in-theatre operations,” said Jeff Wehrenberg, Chief Operating Office for AAR Airlift Group. “AAR has an excellent record of performance in rugged environments and remote locations, and we see this region as a great expansion opportunity for the company.”
Through a competitive solicitation, USTRANSCOM initially awarded the contract to AAR Airlift Group in November 2013. Performance was delayed by multiple incumbent protests, ultimately resulting in USTRANSCOM re-evaluating proposals and selecting AAR Airlift again in May.
AAR Airlift provides expeditionary airlift services in support of contingency operations worldwide. The company operates a fleet of fixed-wing and rotary-wing aircraft to transport personnel, supplies, and mail for the U.S. Department of Defense in Afghanistan and Africa, and provide vertical replenishment (VERTREP) services to the Military Sealift Command in the Western Pacific.
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.
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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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