NNSA Albuquerque Team, with AAR Aircraft Maintenance Support, Earns DOE Jeff Snow Aviation Program Memorial Award
September 25, 2014
Site recognized for non-DoD programs for National Nuclear Security Administration
ALBUQUERQUE, New Mexico, September 25, 2014 – AAR (NYSE: AIR) announces its team that exclusively supports the U.S. Department of Energy’s National Nuclear Security Administration’s (NNSA) three-plane fleet has been recognized for its support of NNSA Aviation. NNSA Aviation won the 2013 U.S. Department of Energy (DOE) Jeff Snow Aviation Program Memorial Award. The recognition is given to non-Department of Defense programsconsidered to be the safest, most efficient and effective in all aspects of the flight program, aviation management and administration of operations, maintenance, training and safety.
AAR has provided logistics and aircraft support, including repair work, for the NNSA since December 2011. The Albuquerque facility earned its FAA Repair Station Certification in February 2013.
Alex Bapty, Director of the Aviation Operations Division for NNSA’s Office of Secure Transportation, presented the plaque to the AAR team. He praised AAR employees for their “can-do approach” in all aspects of daily operations. AAR’s Albuquerque facility has 25 employees dedicated to supporting the NNSA’s two Boeing 737-400 passenger/cargo aircraft (Combi) and a DC-9 Combi. Housed at the DOE facility at Kirtland Air Force Base, the AAR team providesaircraft maintenance and all aspects of flight applications, including ground support, flight planning, cabin safety and more.
“This award demonstrates the dedication and commitment that each Albuquerque team member has to exceed customer expectations for providing a safe, efficient and effective aviation program for the Department of Energy,” said David Jones, AAR Aircraft Services Vice President of Operations, who heads up the Albuquerque team.
Established by Congress in 2000, NNSA is a semi-autonomous agency within the U.S. Department of Energy responsible for enhancing national security through the military application of nuclear science. NNSA maintains and enhances the safety, security, reliability and performance of the U.S. nuclear weapons stockpile without nuclear testing; works to reduce global danger from weapons of mass destruction; provides the U.S. Navy with safe and effective nuclear propulsion; and responds to nuclear and radiological emergencies in the U.S. and abroad. Its aircraft are used to provide safe and secure transport of nuclear weapons components, nuclear limited-life components and federal agent task forces.
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, 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.