AAR delivers first P-8A Poseidon to U.S. Navy fleet
May 20, 2019
INDIANAPOLIS, Indiana —AAR (NYSE: AIR), a leading provider of aviation services to commercial airlines and governments, has completed its first planned overhaul, age exploration and planned inspection of its first U.S. Navy P-8A Poseidon (P-8A) aircraft.
As part of a seven-year, indefinite-delivery/indefinite-quantity (IDIQ) contract signed last year with the Navy, AAR is providing heavy depot airframe maintenance, as well as year-round field support, for the U.S. fleet. The P-8A aircraft arrived at AAR for its first Age Exploration Plan Depot (AEPD) visit, which is part of a systematic, scheduled maintenance requirement.
“Delivering a mission-ready aircraft means executing a successful maintenance-repair plan. Many thanks to the AAR team for a job well done,” said Capt. Tony Rossi, Program Manager for the NAVAIR’s Maritime Patrol and Reconnaissance Program (PMA-290). “As expected, there have been no significant aircraft condition findings. The aircraft continues to fly anti-submarine and anti-surface warfare missions, humanitarian and search and rescue missions around the world, and it’s performing well.”
“Our team is honored to perform maintenance on the P-8A Poseidon for the U.S. Navy and ensure its operational-readiness for the warfighter,” said William Patton, AAR P-8A Program Manager and 20-year U.S. Navy veteran. “With our vast experience in B737s and longstanding working relationship with military programs, AAR’s P-8A Program has excelled in meeting strict government compliance standards and maintaining the quality of the aircraft.”
In addition to the P-8A program, AAR has also performed service on the U.S. Navy’s C-40, Clipper, Harrier Jet Sustainment, C-9 Nightingale and H60R fleets.
All of the maintenance for the P-8A Program is performed at AAR’s Indianapolis facility, which has serviced over 2,000 B737 aircraft both for commercial and government customers.
For more information on the U.S. Navy P-8A aircraft, please visit aarcorp.com or Navy.mil.
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 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, 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.