AAR announces multi-year agreement with United Airlines for heavy maintenance services in Rockford, IL and significantly grows local workforce
April 22, 2021
Wood Dale, Illinois — AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, has signed a multi-year agreement to perform airframe maintenance on United Airlines’ narrow-body aircraft fleet at its MRO facility in Rockford, IL.
This agreement supports the continued growth of the facility and the local Rockford workforce. AAR also supports airframe maintenance work for United at its facility in Miami, FL.
Over the next few years, AAR expects to add up to 250 high quality, year-round aviation maintenance technician jobs in Rockford.
“We are excited to expand our partnership with United Airlines and the city of Rockford,” said John Holmes, AAR President & CEO. “We began operations in Rockford four years ago and have built a track record of solid performance. We are very proud to have secured this long term contract with United.”
AAR will continue to leverage its EAGLE Career Pathway Program with a nationwide network of schools which includes Rock Valley College. The EAGLE Program provides a direct pathway to aviation technician jobs at AAR´s facilities as well as providing mentorship opportunities for students while they are enrolled in their Airframe and Powerplant program. In addition, AAR has engaged with Rockford Workforce Connection (RWC) through a variety of solutions to grow the number of technicians as well as supporting specialized training in the aviation field.
AAR provides MRO services from facilities in Illinois, Indiana, Florida, Oklahoma, Quebec and Ontario.
AAR was recently named one of America´s Best Midsize Employers for a third time by Forbes, a Military Friendly® Employer 2021 by VIQTORY, a service-disabled, veteran-owned company; Best for Vets Employers 2020 by Military Times magazine; and U.S. Veterans magazine Top Veteran-Friendly Companies 2020.
For more information about AAR´s MRO Services, visit aarcorp.com/mro/
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, 2020. 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.