AAR CORP. | Press Releases

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AAR SHARES IN THE 2010 SECRETARY OF DEFENSE PERFORMANCE-BASED LOGISTICS AWARD Recognized as Part of Team Providing Supply Chain Management for U.S. Navy Helicopter Components WOOD DALE, ILLINOIS (January 13, 2010) — AAR (NYSE:AIR) today announced that its Defense Systems and Logistics division was recognized as part of a team that earned the Department of Defense’s 2010 Secretary of Defense Performance-Based Logistics (PBL) Award. The award was presented to the public/private team of AAR, Hamilton Sundstrand and the U.S. Navy Fleet Readiness Center-East by the Under Secretary of Defense for Acquisition, Technology and Logistics. The distinction recognizes exceptional component-level supply chain support for U.S. Navy H-46 Sea Night and H-53 Sea Stallion helicopter power equipment. “AAR is honored to be recognized by the Department of Defense along with our program partners for our supply chain expertise and performance,” said Mark Stearns, President of AAR Defense Systems and Logistics. “The PBL award is a testament to the effectiveness of strong public/private partnerships in providing our nation’s war fighters with operational capability and readiness in a budget-constrained environment.” Performance-based Logistics is the Department of Defense’s strategic initiative to improve weapon systems readiness by obtaining life-cycle product support of weapons systems, sub-systems and components as an integrated program based on a number of output measures. AAR’s just-in-time delivery of Auxiliary Power Unit (APU) cores and parts kits resulted in zero backorders and 97 percent on-time delivery over the last six years. The AAR team is located in Havelock, NC, just outside of Marine Corps Air Station (MCAS) Cherry Point. AAR Defense Systems & Logistics provides comprehensive supply chain management services to the U.S. Government and its allies and to OEMs that support military aerospace programs. AAR’s services cover the entire supply chain from forecasting, procurement and warehousing to distribution, repair management and overall program management. AAR’s current logistics programs range from fixed and rotary-wing aircraft to ground vehicles and infra-red missile sensors. AAR’s support is backed by an industry-leading IT capability that enables seamless integration of suppliers and customers’ business systems. About AAR AAR is a leading provider of products and value-added services to the worldwide aerospace and defense industry and is ranked among the top 100 defense contractors in the world. With facilities and sales locations around the world, AAR uses its close-to-the-customer business model to serve aviation and defense customers through four operating segments: Aviation Supply Chain; Government and Defense Systems; Maintenance, Repair and Overhaul; and Structures and 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 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.