July 12, 2016
AAR Awarded New Rotary Wing Services Task Order in Afghanistan
Airlift Group to provide operations based at Kandahar Airfield
WOOD DALE, Illinois – AAR (NYSE: AIR) announces US Transportation Command (TRANSCOM) has awarded its Airlift division a task order for additional rotary wing airlift services in Afghanistan, as part of an existing services contract to support US Central Command (CENTCOM). The task order for nine months of service is valued at $21.7 million.
Under the contract, AAR Airlift will provide utility helicopter services to include passenger and cargo transport and external cargo transport to US Department of Defense (DoD) forces. AAR Airlift will provide two helicopters, flight operations, maintenance and logistics support, and personnel.
“We are very well positioned to respond rapidly to requirements across the globe with our fleet of fixed wing and rotary wing aircraft and our dedicated team of professionals," said Steven B. Harrison, President of AAR Airlift Group. "Leveraging our extensive flight operations experience in this austere and inaccessible region, AAR will field an additional operational hub in fewer than 10 days following contract award notification, including two aircraft, personnel, spares, tooling and consumables.” The Company has operated rotary wing aircraft in Afghanistan since 2009.
TRANSCOM is the DoD’s single entity for transportation, sustainment and distribution to the nation’s warfighters. Its responsibilities include the procurement of commercial transportation services for U.S. military forces. CENTCOM is one of six of the DoD’s geographical combatant commands and works with national and international partners to respond to crises and support development in the Middle East and Central Asia.
AAR Airlift Group provides expeditionary airlift services in support of contingency operations worldwide. The Company provides passenger and cargo transport, air ambulance, night vision operations, search and rescue (SAR), airdrop, and other special mission services. AAR Airlift Group includes Rotorcraft Services, a provider of engineering and design for rotorcraft modifications and completions, asset sales, component repair, life cycle support programs, and field maintenance. AAR Airlift’s fleet of fixed-wing and rotary-wing aircraft serves defense and NGO customers in Afghanistan, Africa, the Mediterranean, Indian Ocean and Western Pacific, and the Falkland Islands. Since 2005, AAR Airlift Group has flown more than 242,000 hours, delivering over 302 million pounds of mail and cargo, and transporting more than 1.9 million passengers in remote and austere locations around the globe.
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
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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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