AAR Defense Leader Gives Industry Keynote Speech at AIA Conference on Military Product Support
May 6, 2014
WOOD DALE, Illinois, May 6, 2014 – Lt. General Donald Wetekam, USAF Retired and Senior Vice President of AAR CORP., (NYSE: AIR) gave an Industry Keynote speech today on the factors driving high sustainment costs within the Department of Defense (DoD) at the Aerospace Industries Association (AIA) Product Support Conference in Clearwater, Florida.
The AIA spring conference is focused on the topic of helping DoD meet current budget challenges by exploring approaches to quickly and effectively lower defense costs while preserving the technological advantage of U.S. warfighters. AIA and its member companies have consistently developed strategies and practices to support strong, affordable military readiness, which is directly tied to maintaining force structure.
In his address, Wetekam suggested that DoD adopt more of the best practices used in the commercial aerospace industry to reduce costs. As a senior team member at AAR Corp, a global commercial aviation and defense contractor, Wetekam is very familiar with the robust commercial aftermarket industry that has resulted in more competitive pricing.
“The current DoD budget challenges make this the right time to re-examine the status quo and benefit from lessons learned in the commercial aviation sector,” said Wetekam. “The commercial airlines have been safely and effectively using FAA-certified aftermarket and overhauled parts for years and most now outsource the majority of their heavy maintenance, repair and overhaul work. In fact, there is currently excess capacity at commercial MRO facilities in the U.S. that would yield some attractive pricing.”
In addition to MRO and Aviation Supply Chain services and products, AAR also serves military and government customers around the globe with specialized mobility products, inventory management of medical supplies, cargo systems, aircraft sales and leasing, aerospace structures and even expeditionary airlift service.
AAR is a global aerospace and defense aftermarket solutions company that employs more than 6,000 people 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 and Composite Manufacturing operations. Additional information can be found at www.aarcorp.com.
Media contact: Daniela Pietsch, Vice President Corporate Marketing & Communications, at firstname.lastname@example.org or +1 630-227-5100.
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