AAR Named Milton Industries Exclusive Distributor for Global Commercial and Military Aviation Markets
February 15, 2017
Agreement to enhance OEM support for commercial airlines, MROs and global defense markets
WOOD DALE, Illinois – February 15, 2017 — AAR (NYSE: AIR) today announced that its OEM Aftermarket Solutions group has been named the exclusive distributor for global commercial airline and military defense markets served by Milton Industries Inc. Milton’s aviation pneumatic ground support equipment products covered by the agreement include couplers, plugs, pressure gauges, blow guns, tire inflators, strut servicing kits, borescopes, and nitrogen carts. Milton’s wide array of pneumatic products can be tailored to fit a customer’s specific needs.
This contract adds critical Ground Support Equipment to AAR OEM Aftermarket Solutions’ growing list of OEM factory-new parts offerings.
"We are excited to partner with an established and innovative OEM such as Milton and leverage our global commercial and military customer support team to ensure maximum market coverage," said Eric Young, Senior Vice President, AAR OEM Aftermarket Solutions.
"I feel the AAR and Milton distribution partnership is a perfect fit," said Milton Industries President & CEO Greg Carlson. "Milton’s excellence in pneumatic accessories and innovation combined with AAR’s broad and global positioning in aviation services for commercial and defense markets promises a strong future together."
About Milton Industries
Founded in 1943 as a family business, Milton Industries started with a handful of products and a simple idea: provide the highest quality products for the customer. Milton has designed and engineered many industry-standard products, including the trademarked M-Style ("I/M" KWIK Change) Coupler and Plug, Window Inflator Gage, Safety Blow Guns and highly technical accessories and measuring devices for aviation and military applications.
Today, Milton is a pneumatic accessory leader with over 1400 SKUs covering the automotive, fleet maintenance, industrial, agricultural, aviation and military markets. Milton is proud that its portfolio contains a broad range of Made in the USA products.
Milton Industries media contact: Phil Sasso, 847.250.7445, phil@PRNewsBureau.com.
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, 2016. 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.