AAR Awarded Navy Contract for Airlift Operations in West Africa
September 24, 2014
Airlift Group to provide personnel recovery services based in Niger
WOOD DALE, Illinois, September 24, 2014 – AAR (NYSE: AIR) announces the Department of the Navy, Naval Supply Systems Command (NAVSUP) has awarded a contract to its Airlift division to provide personnel recovery airlift services in West Africa. The total value of the contract is approximately $49 million, inclusive of all option periods.
AAR Airlift will provide personnel recovery, casualty evacuation, (CASEVAC) and search and rescue (SAR) services in support of U.S. Africa Command (USAFRICOM) using rotary-wing and short takeoff and landing fixed-wing platforms. The aircraft will be based in Niamey, Niger, and will service an area of responsibility encompassing a 500-mile radius to include parts of Ghana, Togo, Mali, Burkina Faso, Benin, and Nigeria.
“AAR Airlift is extremely proud to support America’s service members in this critically important mission. We have an extensive history of operations in sub-Saharan Africa and a very distinguished record of providing fixed- and rotary-wing search and rescue, and personnel recovery operations in austere environments, as well as over-water,” said Randy J. Martinez, President and CEO, AAR Airlift Group. “Together with our comprehensive aviation services in Uganda, the Central African Republic and surrounding areas, Niger represents an important element of our Africa strategy.”
NAVSUP provides Navy, Marine Corps, and Joint and Allied Forces with products and services that deliver combat capability through sustained global logistics and quality-of-life support to warfighters. USAFRICOM is one of six of the U.S. Department of Defense’s (DOD) geographic combatant commands and is responsible for military relations with African nations, the African Union, and African regional security organizations.
AAR Airlift provides expeditionary airlift services in support of contingency operations worldwide. The company provides passenger and cargo transport, aeromedical services, night vision operations, search and rescue, and other special mission services. AAR Airlift’s fleet of fixed- and rotary-wing aircraft serves the U.S. DoD in Afghanistan, Africa and the Western Pacific.
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.