AAR CORP. | Press Releases

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AAR SUPPLIES CARGO SYSTEMS TO ISRAEL AEROSPACE INDUSTRIES WOOD DALE, ILLINOIS (December 1, 2010) — AAR’s Cargo Systems Division was selected by Israel Aerospace Industries (IAI) to manufacture the main deck cargo loading systems for their B767-200 Multi-Mission Tanker Transport (MMTT) conversion program. IAI took delivery of an initial cargo loading system earlier this year and the first converted aircraft was recently re-delivered to the end-user. In addition to the B767-200 MMTT, AAR has supplied IAI with cargo loading systems for their B767-200 and B767-300 passenger-to-freighter conversion programs. The cargo loading systems are manufactured at AAR’s state-of-the-art facility in Goldsboro, North Carolina. Vin Misciagna, Vice President and General Manager of AAR Cargo Systems, said “We are very pleased to have been selected by IAI for both their military and commercial B767 conversion programs. We look forward to continuing to provide world-class, multi-platform conversion solutions for IAI and all our cargo customers.” About AAR AAR Cargo Systems, an operating division of AAR, specializes in the design and manufacture of in-aircraft cargo loading systems for commercial and military applications. AAR is a leading provider of products and value-added services to the worldwide aerospace and government/defense industry. With facilities and sales locations around the world, AAR uses its close-to-the-customer business model to serve aviation and government/defense customers through four operating segments: Aviation Supply Chain; Government and Defense Services; Maintenance, Repair and Overhaul; and Structures and Systems. More information can be found at www.aarcorp.com. Israel Aerospace Industries’ Bedek Aviation Group is a leading supplier of aviation maintenance, repair, overhaul and conversion services on a variety of commercial and military aircraft, engines and components. Bedek provides cost-effective, total maintenance support packages through its Full Service Provider Programs. With more than 20 years of experience, IAI/Bedek's passenger-to-freighter conversion product line also includes: B737-300, B737-400, B767-200, and B747-400 aircraft. More information can be found at www.iai.co.il.
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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 May 31, 2010 Form 10-K. 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.