AAR Amsterdam Ranked No. 1, Named Outstanding Component Repair Provider by NATO
April 17, 2017
AMSTERDAM, Netherlands, April 17, 2017 — AAR’s (NYSE: AIR) Aircraft Component Repair facility in Amsterdam has been named “Outstanding Source of Repair” and ranked No. 1 among all Component Source of Repair (SOR) facilities for 2016 by the NATO Support and Procurement Agency (NSPA) and the International Aerospace Management Company (IAMCO), which manages maintenance work for the North Atlantic Treaty Organization. AAR has received this prestigious recognition three times since 2005.
AAR Aircraft Component Repair in Amsterdam was cited for its superior product quality, timely delivery, quality assurance services and component support on the NATO AWACS fleet. The facility services rotable components at a state-of-the-art facility equipped to repair, overhaul and maintain more than 22,000 aircraft parts.
“We strive for excellence every day and having our component and repair services repeatedly recognized by NATO validates our efforts and inspires our team toward continuous improvement,” said Eric Bron, General Manager, AAR Aircraft Repair, Amsterdam.
In addition to this latest honor, AAR has repeatedly ranked high in various independent surveys of customers and industry professionals, earning recognition in three key areas: on-time delivery, quality of service and contract administration.
As the North Atlantic Treaty Organization’s principal support agency, NSPA assists NATO nations by organizing common procurement and supply of spare parts, as well as by arranging maintenance and repair services necessary for the support of various weapon systems in their inventories.
IAMCO is a multinational joint venture company founded in 1991. As an industrial prime contractor, IAMCO is responsible for management of collaborative efforts in depot-level maintenance of NATO’s E-3A airborne early warning and control (AWACS) fleet, including the maintenance of engines and aircraft components.
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 www.aarcorp.com.
Media contact: Daniela Pietsch, Vice President Corporate Marketing & Communications, at email@example.com or +1 630-227-5100.
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, including, but not limited to,statements regarding the agreement to establish The Module Factory,AAR’s estimate that it will manage the teardown, repair, marketing and sales of spare parts of FTAI’s CFM56 engine pool totaling over 200 engines and growing, AAR’s ability to leverage its extensive USM capabilities to offer CFM56 serviceable engine material to the global commercial aviation aftermarket, that the partnership positions AAR well to service the growing demand for USM on a leading engine platform as customers increasingly prioritize more cost-efficient solutions, and the belief that serviceable engine products, combined with FTAI’s proprietary products and partnerships, completes its unique suite of CFM56 aftermarket offerings aimed at delivering the lowest cost per cycle solution to airline customers. 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 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, 2016. 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.