AAR Selected to Extend Airlift Support for U.S. Military
Largest airlift provider in Afghanistan chosen to renew support of DoD operations
WOOD DALE, ILLINOIS, June 18, 2013 — AAR (NYSE: AIR) announced today that the United States Transportation Command (USTRANSCOM) has exercised a renewal option for AAR to provide airlift support in Afghanistan through May 31, 2014. The option has a value of approximately $98 million and is part of a contract awarded to AAR in June 2010.
The Company’s AAR Airlift business will continue to support the requirement using 12 fixed-wing aircraft from its fleet. The Company provides fixed-wing and rotary-wing aircraft, related personnel, equipment and maintenance to transport personnel, cargo and mail for U.S. Department of Defense and NATO operations in Afghanistan.
“We continue to be very proud to serve as the largest independent provider of airlift for the U.S. Government and its allies in Afghanistan as an integral part of our nation’s logistics capability,” said Randy J. Martinez, President and CEO of AAR Airlift Group. “This renewal reflects the dedication and hard work of our pilots and support teams and the confidence they have earned supporting USTRANSCOM and the Department of Defense.”
The mission of USTRANSCOM is to direct deployment, distribution and enabling capabilities in support of national security capabilities and to provide end-to-end process visibility and responsive support of joint U.S. government- and Secretary of Defense–approved multinational and non-governmental logistical requirements.
AAR’s Airlift division offers expeditionary airlift services and specialized aircraft modifications for defense that can also be used to support national security and humanitarian relief operations. Under current contracts, the Company provides airlift for the Department of Defense (DoD) in three regions around the world, transporting personnel, supplies and mail over land and at sea.
AAR is a global aerospace and defense contractor that employs more than 6,000 people in 17 countries. Based in Wood Dale, Illinois, AAR supports commercial, government and defense customers through two operating segments: Aviation Services and Technology Products. AAR’s services include inventory management and parts distribution; aircraft maintenance, repair and overhaul; and expeditionary airlift. AAR’s products include cargo systems and containers; mobility systems and shelters; advanced aerostructures; and command and control systems. More information can be found at www.aarcorp.com.
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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, 2012. 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 event.