AAR Operations Commence in Central Africa
July 1, 2014
Airlift Group provides fixed-wing transport of passengers, cargo and logistics for allied forces
MELBOURNE, Florida, July 1, 2014 – AAR (NYSE: AIR) announces its Airlift division has commenced operations in Central Africa to provide dedicated fixed-wing lift services to U.S. Africa Command (USAFRICOM) under a contract with U.S. Transportation Command (USTRANSCOM). AAR Airlift is providing passenger and cargo transportation services, aerial delivery and logistics support for allied forces. The contract is valued at approximately $23 million, inclusive of all optional task orders.
“Due to the lack of infrastructure in much of Central Africa, U.S. forces rely on commercial providers like AAR Airlift to sustain in-theatre operations,” said Jeff Wehrenberg, Chief Operating Office for AAR Airlift Group. “AAR has an excellent record of performance in rugged environments and remote locations, and we see this region as a great expansion opportunity for the company.”
Through a competitive solicitation, USTRANSCOM initially awarded the contract to AAR Airlift Group in November 2013. Performance was delayed by multiple incumbent protests, ultimately resulting in USTRANSCOM re-evaluating proposals and selecting AAR Airlift again in May.
AAR Airlift provides expeditionary airlift services in support of contingency operations worldwide. The company operates a fleet of fixed-wing and rotary-wing aircraft to transport personnel, supplies, and mail for the U.S. Department of Defense in Afghanistan and Africa, and provide vertical replenishment (VERTREP) services to the Military Sealift Command in 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, 2013. 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.