AAR Announces Partnership with Viasat for In-flight Connectivity Logistics, Repair and Aftermarket Support
January 17, 2018
WOOD DALE, Illinois, January 17, 2018 – AAR (NYSE:AIR), a leading integrator of aviation supply chain solutions, announced today it will provide in-flight connectivity logistics, repair and aftermarket management services to Viasat, a global communications company. Viasat is recognized as delivering the gold standard of in-flight connectivity to airlines worldwide.
Through this partnership, AAR’s OEM Aftermarket Solutions group will manage the aftermarket inventory pool of Viasat components including modems, antennas, radomes, wireless access points (WAPs) and power supply units (PSUs). These components will be deployed on a forward-exchange basis to support Viasat’s current and future airline customers.
“AAR’s scalable solution allows Viasat to leverage our aviation aftermarket expertise through our comprehensive logistics and repair processes,” said Carl Glover, Vice President Sales & Marketing, Parts Supply, Americas, AAR. “This global program supports Viasat’s current and future airline customers to ensure maximum system component availability.”
“Our collaboration with Viasat embodies AAR’s purpose: To better connect the world,” said Darren Spiegel, Vice President & General Manager, OEM Aftermarket Solutions, AAR. “We look forward to leveraging our extensive commercial aviation knowledge to assist Viasat in bringing their advanced connectivity services to more airlines and passengers globally.”
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.
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 the estimated contract value. 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, 2017 and the Company’s Form 10-Q for the fiscal quarter ended February 29, 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.