April 30, 2015
AAR Earns Boeing Gold Performance Excellence Awards - April 2015
Component repair in Amsterdam and defense systems logistics take supplier honors for the 5thstraight year
WOOD DALE, Illinois, April 30, 2015 — AAR (NYSE: AIR) has earned Boeing Gold Performance Excellence Awards at two of its operating units — Aircraft Component Repair (ACS) in Amsterdam and Defense Systems Logistics (DSL) in Havelock, N.C. — for the fifth straight year.
Boeing issues the awards annually to recognize suppliers that have achieved superior performance for each month of the 12-month reporting period, this year from October 1, 2013, to September 30, 2014.
“For 60 years, AAR has built its reputation on a standard of excellence, and I applaud our employees in component repair and defense systems logistics for upholding that standard year after year,” said John Holmes, AAR’s Aviation Services Chief Operating Officer. “This award demonstrates the high level of partnership AAR strives to achieve with all of our OEM, defense and airline customers.”
Of Boeing’s more than 13,000 global suppliers, AAR is among only 119 to earn Gold status this year.
AAR ACS in Amsterdam provides in-house component repairs and manages a network of subcontractors that support airlines in the EMEA region. It’s accredited to work on military aircraft from the F-16 fighter jet and the Chinook CH-47s and Apache AH-64s rotorcraft to 717 and 737NG jets operated by commercial carriers. Customers include various commercial airlines as well as the Netherlands Ministry of Defense’s Royal Netherlands Air Force (RNLAF).
AAR DSL provides supply chain services to U.S. military and government customers and their allies. It was recognized for supply chain management in support of Boeing’s Harrier Integrated Supply Support (HISS) performance-based logistics contract that sustains the AV-8B Harrier aircraft operated by the U.S. Marine Corps in Italy and Spain from Cherry Point, N.C.
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.
Media contact: Daniela Pietsch, Vice President Corporate Marketing & Communications, at editor@aarcorp.com or +1 630-227-5100.
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.
Related news
See all
December 23, 2024
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.
December 20, 2024
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.
December 19, 2024
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.
