AAR and Textron Businesses Collaborate to Compete for the U.S. Air Force T-6 Support Contract
September 28, 2016
Industry leaders can provide total support for JPATS Beechcraft T-6 fleet
WOOD DALE, Illinois, September 28, 2016 – AAR (NYSE: AIR), a leader in aviation aftermarket services, has established an exclusive team with Beechcraft Defense Company and Textron Systems, businesses of Textron Inc.,to respond to the U.S. Air Force request for proposals to provide support for the Beechcraft T-6 military training aircraft in the Joint Primary Aircraft Training System (JPATS) fleet under a Contractor Operated and Maintained Base Supply (COMBS) contract.
AAR’s expertise in aircraft sustainment and supply chain management will provide unparalleled support when teamed with decades of experience and product knowledge from Textron Systems and Beechcraft Defense Company as the original equipment manufacturer (OEM) of the T-6 aircraft. Beechcraft Defense Company and Textron Systems will work together with AAR to compete for this contract that will provide parts and warehouse support for the U.S. Air Force, U.S. Navy, and U.S. Army JPATS. Beechcraft Defense Company will offer product expertise and factory-direct parts, while Textron Systems will provide warehouse labor at 10 sites throughout the U.S.
As a global aviation aftermarket leader, AAR helps the U.S. governmentand its allies increase efficiencies and decrease costs with its industry-leading integrated supply solutions including Contract Logistics Support (CLS), Government Performance-Based Logistics (PBL), Sustainment and ITAR support. AAR’s award-winning fleet support teams ramp up quickly, co-locate on customer sites as needed, and utilize AAR’s global network of warehouses and parts supply. AAR’s inventory control systems have easily integrated with numerous U.S.and foreign government procurement systems, maintaining the strictest data integrity standards. With more than 60 years of experience, AAR is a trusted partner for every branch of the U.S. military, UKMoD, Royal Saudi Air Force, Japan Ministry of Defense and many others.
About Beechcraft Defense Company
Beechcraft Defense Company offers the leading military flight trainer, the Beechcraft T-6. This platform delivers world-class training capability and is ideally suited for teaching the most basic introductory flight training tasks through the more challenging and complex advanced training missions with low operating costs. The T-6 is used to train pilots, navigators, and weapons systems operators from more than 20 countries around the world. To date, Beechcraft has delivered more than 900 T-6 trainers, which have amassed more than 2.9 million flight hours. For more information, visit: www.defense.txtav.com.
About Textron Systems
Textron Systems’ businesses develop and integrate products, services and support for aerospace and defense customers, as well as civil and commercial customers, including those in law enforcement, security, border patrol and critical infrastructure protection around the globe. Harnessing agility and a broad base of expertise, Textron Systems’ innovative businesses design, manufacture, field and support comprehensive solutions that expand customer capabilities and deliver value. Textron Systems consists of its Advanced Information Solutions, Electronic Systems, Geospatial Solutions, Lycoming Engines, Marine & Land Systems, Support Solutions, TRU Simulation + Training, Unmanned Systems and Weapon & Sensor Systems businesses. More information is available at www.textronsystems.com.
About Textron Inc.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Bad Boy Off Road, Textron Systems, and TRU Simulation + Training. For more information, visit www.textron.com.
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.