AAR Earns Boeing Gold Performance Excellence Awards
April 30, 2015
Component repair in Amsterdam and defense systems logistics take supplier honors for the 5thstraight year
WOOD DALE, Illinois, April 30, 2015 — AAR (NYSE: AIR) has earned Boeing Gold Performance Excellence Awards at two of its operating units — Aircraft Component Repair (ACS) in Amsterdam and Defense Systems Logistics (DSL) in Havelock, N.C. — for the fifth straight year.
Boeing issues the awards annually to recognize suppliers that have achieved superior performance for each month of the 12-month reporting period, this year from October 1, 2013, to September 30, 2014.
“For 60 years, AAR has built its reputation on a standard of excellence, and I applaud our employees in component repair and defense systems logistics for upholding that standard year after year,” said John Holmes, AAR’s Aviation Services Chief Operating Officer. “This award demonstrates the high level of partnership AAR strives to achieve with all of our OEM, defense and airline customers.”
Of Boeing’s more than 13,000 global suppliers, AAR is among only 119 to earn Gold status this year.
AAR ACS in Amsterdam provides in-house component repairs and manages a network of subcontractors that support airlines in the EMEA region. It’s accredited to work on military aircraft from the F-16 fighter jet and the Chinook CH-47s and Apache AH-64s rotorcraft to 717 and 737NG jets operated by commercial carriers. Customers include various commercial airlines as well as the Netherlands Ministry of Defense’s Royal Netherlands Air Force (RNLAF).
AAR DSL provides supply chain services to U.S. military and government customers and their allies. It was recognized for supply chain management in support of Boeing’s Harrier Integrated Supply Support (HISS) performance-based logistics contract that sustains the AV-8B Harrier aircraft operated by the U.S. Marine Corps in Italy and Spain from Cherry Point, N.C.
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, 2014. 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.