AAR Awarded New Rotary Wing Services Task Order in Afghanistan
July 12, 2016
Airlift Group to provide operations based at Kandahar Airfield
WOOD DALE, Illinois, July 12, 2016 – AAR (NYSE: AIR) announces US Transportation Command (TRANSCOM) has awarded its Airlift division a task order for additional rotary wing airlift services in Afghanistan, as part of an existing services contract to support US Central Command (CENTCOM). The task order for nine months of service is valued at $21.7 million.
Under the contract, AAR Airlift will provide utility helicopter services to include passenger and cargo transport and external cargo transport to US Department of Defense (DoD) forces. AAR Airlift will provide two helicopters, flight operations, maintenance and logistics support, and personnel.
“We are very well positioned to respond rapidly to requirements across the globe with our fleet of fixed wing and rotary wing aircraft and our dedicated team of professionals," said Steven B. Harrison, President of AAR Airlift Group. "Leveraging our extensive flight operations experience in this austere and inaccessible region, AAR will field an additional operational hub in fewer than 10 days following contract award notification, including two aircraft, personnel, spares, tooling and consumables.” The Company has operated rotary wing aircraft in Afghanistan since 2009.
TRANSCOM is the DoD’s single entity for transportation, sustainment and distribution to the nation’s warfighters. Its responsibilities include the procurement of commercial transportation services for U.S. military forces. CENTCOM is one of six of the DoD’s geographical combatant commands and works with national and international partners to respond to crises and support development in the Middle East and Central Asia.
AAR Airlift Group provides expeditionary airlift services in support of contingency operations worldwide. The Company provides passenger and cargo transport, air ambulance, night vision operations, search and rescue (SAR), airdrop, and other special mission services. AAR Airlift Group includes Rotorcraft Services, a provider of engineering and design for rotorcraft modifications and completions, asset sales, component repair, life cycle support programs, and field maintenance. AAR Airlift’s fleet of fixed-wing and rotary-wing aircraft serves defense and NGO customers in Afghanistan, Africa, the Mediterranean, Indian Ocean and Western Pacific, and the Falkland Islands. Since 2005, AAR Airlift Group has flown more than 242,000 hours, delivering over 302 million pounds of mail and cargo, and transporting more than 1.9 million passengers in remote and austere locations around the globe.
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, 2015. 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.