AAR Sumisho Aviation Services (ASAS) announces new distribution agreement with Northrop Grumman for E-2D Advanced Hawkeye parts

About ASAS

AAR Sumisho Aviation Services LLC is a 50/50 joint venture between AAR Supply Chain, Inc., a wholly-owned subsidiary of AAR CORP., and ASAS Japan Inc., a wholly-owned subsidiary of Sumitomo Corporation. The Chicago area based joint venture was established in 2020 to provide comprehensive parts supply and services, including the distribution of OEM parts, to Japanese defense customers, and to distribute parts globally on behalf of Japanese OEMs. ASAS combines AAR’s global network and competitive expertise in aviation supply chain and parts distribution with Sumitomo’s logistics specialization and large footprint in the Japanese market. Additional information can be found at asas-corp.com.

About AAR

AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair, and Overhaul (MRO) Services. AAR’s Expeditionary Services include Mobility Systems operations. Additional information can be found at aarcorp.com.

About Sumitomo Corporation

Sumitomo Corporation (“SC”) is a leading Fortune 500 global trading and business investment company with 131 locations (Japan: 20, Overseas: 111) in 66 countries and regions. The entire SC Group consists of more than 900 companies. SC conducts commodity transactions in all industries utilizing worldwide networks, provides related customers with financing, serves as an organizer and a coordinator for projects, and invests in companies to promote greater growth potential. SC’s core business areas include six business units: Metal Products; Transportation and Construction Systems; Infrastructure; Media and Digital; Living Related and Real Estate; Mineral Resources, Energy, and Chemical and Electronics and one initiative: Energy Innovation.

Our corporate message, “Enriching lives and the world”, was created to encapsulate our vision for sustainability in the next 100 years. Our business, as well as our relationship with our stakeholders, has expanded on a global scale. Our mission is to grow sustainably alongside society, pursue development for the world, and enable better lives for all. For more information, please visit: https://www.sumitomocorp.com/en/jp.

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 which reflect management’s expectations about future conditions. Forward-looking statements may also be identified because they contain words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘continue,’’ ‘‘could,’’ ‘‘estimate,’’ ‘‘expect,’’ ‘‘intend,’’ ‘‘likely,’’ ‘‘may,’’ ‘‘might,’’ ‘‘plan,’’ ‘‘potential,’’ ‘‘predict,’’ ‘‘project,’’ ‘‘seek,’’ ‘‘should,’’ ‘‘target,’’ ‘‘will,’’ ‘‘would,’’ or similar expressions and the negatives of those terms. These forward-looking statements are based on beliefs of ASAS management, as well as assumptions and estimates based on information currently available to ASAS, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. 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 ASAS’s control. ASAS 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.