AAR Earns Boeing Gold Performance Excellence Awards
February 26, 2014
Fourth consecutive year of recognition for commercial component repair and defense logistics
WOOD DALE, Illinois — AAR (NYSE: AIR) announced today that it has earned Boeing Gold Performance Excellence Awards at two of its operating units for the fourth consecutive year. The Boeing Company issues the award annually to recognize suppliers that have achieved superior performance. AAR maintained Gold composite performance ratings for each month of the 12-month performance period, from Oct. 1, 2012 to Sept. 30, 2013.
“We are honored to once again earn Boeing’s Gold Performance Excellence award at our component repair and defense logistics businesses and are proud of the AAR employees who work hard every day to maintain high standards,” said Timothy J. Romenesko, President and Chief Operating Officer of AAR CORP. “These awards demonstrate our employees’ dedication, as well as the breadth of AAR’s capabilities for commercial aviation and government and defense markets.”
Boeing maintains more than 23,000 global suppliers, and AAR is one of only 124 to receive Gold status.
AAR’s Aircraft Component Repair division in Amsterdam earned the recognition for its in-house component repairs and for managing a network of component repair subcontractors in support of European airlines that operate 717 and 737NG aircraft. AAR’s Defense Systems and Logistics division was recognized for its supply-chain management services in support of The Boeing Company’s Harrier Integrated Supply Support (HISS) performance-based logistics contract. That program sustains the AV-8B Harriers operated by the U.S. Marine Corps, Italy and Spain from Cherry Point, N.C., where AAR manages inventory and logistics for the versatile fixed-wing aircraft.
For more information on the Boeing Performance Excellence Award, please visit http://www.boeingsuppliers.com/recognition/http://www.boeingsuppliers.com/recognition/
AAR is a global aerospace and defense aftermarket solutions company that employs 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 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 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, 2013 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.