June 03, 2015
AAR Wins Certification from Pratt & Whitney to Overhaul APUs on UH-60 Black Hawk Helicopters
U.S. Army contract adds approval on AAR’s test cell
GARDEN CITY, New York, June 3, 2015 – AAR (NYSE: AIR) has won an endorsement from Pratt & Whitney to enhance the U.S. Army contract to upgrade and overhaul Auxiliary Power Units (APUs) for its UH-60 Black Hawk helicopters. The new certification augments work being performed at AAR’s Aircraft Component Services facility in Garden City on Long Island as part of a five-year contract, which began in 2014.
The original agreement, valued in excess of $23 million, covers work on 60 APUs from the U.S. Army’s Redstone Arsenal in Huntsville, Ala., with a maximum of 520 APUs over the life of the contract. Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units.
“AAR has been providing these services for APUs for our nation’s military and to now receive approval from the OEM, coupled with the U.S. Army’s approval of our test cell, is a tremendous vote of confidence,” said Robert Sopp, Executive Vice President, AAR Aircraft Component Services. “We look forward to continued expansion of these services for APUs on other military and commercial platforms.”
AAR also upgrades and overhauls the Jet Fuel Starter used on F-16 fighter aircraft. Similar to Jet Fuel Starters, APUs are used on commercial and military aircraft to power the aircraft on the ground and to start the main engines.
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.
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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, 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
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