AAR awarded four-year MRO contract with Royal Netherlands Air Force to service CH-47 Chinook APU
July 9, 2019
WOOD DALE, Illinois —AAR (NYSE: AIR), a leading provider of aviation services to commercial airlines and governments worldwide, has been awarded a four-year contract by the Royal Netherlands Air Force (RNLAF) to perform maintenance, repair and overhaul of the Chinook APU for Logistics Centre Woensdrecht (LCW).
AAR will service the Chinook fleet in its Component Repair facility in Amsterdam, where AAR has been supporting European Participating Air Forces (EPAF) for over 30 years as a prime provider or subcontractor for repair management, component maintenance, supply chain and depot services.
“The RNLAF is pleased to have an MRO contract in place for their CH-47 APU’s,” said Lieutenant Colonel Remco Bastiaan, EMSD Program Manager Chinook. “The Chinook community is excited to have a trusted partner like AAR support the RNLAF to maintain and improve the availability of the Chinook fleet and looks forward to sustaining and expanding their valued relationship.”
“AAR has been a proud and trusted partner of the Royal Netherlands Air Force on the F-16 platform for more than 25 years,” said Eric Bron, AAR General Manager of Component Repair. “This step expanding our MRO services to the CH-47 Chinook platform reflects our strong relationship, dedication to exceeding customer expectations and shared core values with the RNLAF. We deliver tailored services and capabilities based on commercial best practices and our customers’ unique needs to produce the highest quality work and cost savings.”
For more information about AAR Component Repair services, please click here.
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, 2018. 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.