AAR Awarded New Contract for Airlift Services in Africa
September 15, 2014
Airlift Group to support USAFRICOM operations in the Central Africa region
WOOD DALE, Illinois, September 15, 2014 – AAR (NYSE: AIR) announces the U.S. Transportation Command (USTRANSCOM) has awarded its Airlift division a contract to provide dedicated rotary-wing airlift services to U.S. Africa Command (USAFRICOM) throughout four Central African countries. The government has dismissed a protest – which was filed upon award to AAR in May – and AAR will begin performance on the contract in October.
Under the contract, AAR will perform rotary-wing passenger and cargo transportation services and logistics support for Allied Forces. The operation will be based in the Central African Republic and also service the Democratic Republic of Congo, Republic of South Sudan and Uganda. The total value of the contract is approximately $34 million, inclusive of all optional task orders.
“AAR Airlift is pleased to announce the addition of another new Africa-based operation to our portfolio,” said Randy J. Martinez, President and CEO, AAR Airlift Group. “We are proud to support our national service members and allies in this important region.”
USTRANSCOM is the Department of Defense’s (DoD) single entity for transportation, sustainment and distribution to the nation’s warfighters. Its responsibilities include the procurement of commercial transportation services for U.S. military forces. USAFRICOM is one of six of the DoD’s 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 (SAR), and other special mission services. AAR Airlift’s fleet of fixed-wing 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 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 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. 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.