November 02, 2015
AAR Navy Vertical Replenishment Contract Extended
WOOD DALE, Illinois, November 2, 2015 – AAR (NYSE: AIR) announces Military Sealift Command (MSC) has exercised a one-year renewal option for its Airlift division to perform vertical replenishment (VERTREP) services for the U.S. Navy’s 5th and 7thFleets in the Western Pacific and Indian Oceans.
The one-year renewal is valued at approximately $14 million. The contract was awarded to AAR Airlift Group in 2011 for an estimated total value of $77 million, including all options. The contract includes the use of four helicopters, personnel, and operational and technical support services.
Military Sealift Command is the leading provider of ocean transportation for the Navy and the U.S. Department of Defense, operating approximately 110 ships daily around the globe. AAR has been performing commercial VERTREP services including ship-to-shore and ship-to-ship vertical replenishment, search and rescue (SAR), and support for humanitarian aid operations for MSC since 2007. Airlift announced last week that MSC also exercised a one-year renewal option for its vertical replenishment (VERTREP) services for the U.S. Navy’s 5th and 7thFleets in the Mediterranean Sea, Arabian Gulf and Indian Ocean.
“AAR has become the premier commercial provider of deep offshore vertical replenishment services to the U.S. Navy,” said Steven B. Harrison, President, AAR Airlift Group. “For eight years, we have maintained an excellent record of safety, reliability and responsiveness to ensure U.S. forces have the critical supplies they need at sea.”
AAR Airlift provides aviation services in support of expeditionary operations worldwide, including passenger and cargo transport, aeromedical services, night vision operations, aerial delivery, search and rescue (SAR), and other special mission services. AAR Airlift’s fleet of fixed-wing and rotary-wing aircraft serves peacekeeping organizations and government customers in Afghanistan, Africa, the Mediterranean, and the Western Pacific and Indian Oceans.
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
July 02, 2024
AAR to announce fourth quarter fiscal year 2024 results on July 18, 2024
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today announced that it will release financial results for its fourth quarter of fiscal year 2024, ended May 31, 2024, after the close of the New York Stock Exchange trading session on Thursday, July 18, 2024.
June 27, 2024
AAR named among America’s Greatest Workplaces 2024 by Newsweek
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 been recognized as one of America’s Greatest Workplaces for 2024 by Newsweek and Plant-A Insights Group.
June 13, 2024
AAR expands electronics distribution relationship with OTTO Engineering, Inc.
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed a territory expansion agreement that expands its Americas-based electronics distribution relationship with OTTO Engineering, Inc. (OTTO) into the APAC region.
