March 14, 2016
AAR Awarded $49 Million Contract for U.S. Army Next Generation Automatic Test System Shelters
CADILLAC, Michigan – AAR (NYSE: AIR) has been awarded a contract for United States Army Next Generation Automatic Test System (NGATS) Shelters with a total contract ceiling valued at $49 million over five years. AAR has received a first delivery order valued at $2.5 million to include first article units for two shelter variants, as well as production units. The shelters will be designed by AAR Mobility Systems in Cadillac, Michigan; and produced at their Goldsboro, North Carolina facility.
The award calls for the design, test, and production of two types of 20-foot ISO shelters that will support the NGATS, including an Automatic Test Equipment (ATE) shelter, which is a maintenance shelter that houses the actual test system, and the NGATS storage shelter that stores the system-specific hardware required to test the systems components.
“We are very proud to expand the products we supply to the U.S. Army and we appreciate their confidence in our products and services,” said AAR CEO David P. Storch. “This contract demonstrates Mobility’s longstanding ability to design and engineer new and creative solutions to meet our customers evolving needs.”
“Our innovative rugged design offers similarities between the shelters, simplifying the Integrated Logistics Support, and is significantly lighter than the threshold requirement,” stated Lee Krantz, Senior Vice President, AAR Mobility Systems. “This weight savings translates to increased payload to accommodate more test equipment and supplies for longer missions, or allows the U.S. Army to take advantage of reduced fuel consumption for transport.”
AAR Mobility Systems is a leading global supplier of rapid deployment equipment including mobile tactical shelters, pallets and expeditionary containers that enhance military commanders’ ability to mobilize, deploy, maneuver and sustain forces. The business unit manufactures large lightweight structural assemblies and platforms that support mission essential functions and support their products through a network of service centers, field service teams and strategic partners.
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.
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.
