AAR Expands Lightweight Mobility Platform Offerings to Include AM-2 Matting
July 12, 2017
CADILLAC, Michigan, July 12, 2017 – AAR (NYSE: AIR) has been awarded a $255 million Indefinite Delivery Indefinite Quantity (IDIQ) contract by Defense Logistics Agency (DLA) Troop Support to provide the United States Navy, Air Force and Marine Corps with AM2 pallet and mat assemblies for expeditionary airfields. After a lengthy procurement process, DLA chose AAR Mobility Systems as one of the sources for these mission-critical items.
This contract, structured with a two-year base and three one-year option periods, offers DLA a fixed-price for an indefinite quantity over the life of the contract. It is funded through U.S. government fiscal year 2022 defense working capital funds.
“Innovative thinking led us to believe this lightweight rugged aluminum structure used for expeditionary airfields would be a good addition to our product portfolio,” said Lee Krantz, Senior Vice President, Mobility Systems. “While other AAR businesses provide commercial and government aircraft with services and sustainment, this product now allows AAR to say we’re a total solutions provider that has aircraft covered from the ground up.”
About AAR Mobility Systems
AAR Mobility Systems is a leading global supplier of rapid deployment equipment including mobile tactical shelters, pallets and expeditionary containers that enhance the military’s ability to mobilize, deploy, maneuver and sustain forces. AAR Mobility also manufactures large lightweight structural assemblies and platforms that support mission essential functions. Products are supported through a network of service centers, field service teams and strategic partners. More information can be found at www.aarmobilitysystems.com.
AAR is a global aerospace and defense aftermarket solutions company that employs more than 6,000 people 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 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. 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, 2016 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.