AAR Recognized As An Economic Engine in Melbourne, Fla.

March 29, 2012

Aviation newcomer to Florida’s Space Coast earns annual Impact Award

MELBOURNE, FLORIDA – AAR (NYSE: AIR) has been recognized by the Melbourne Regional Chamber of East Central, Florida, with its prestigious Impact Award for positively influencing the economic health of the community in the past year.

“AAR’s hard work and dedication to our nation and the economic health of our community are deserving of this special recognition,” said U.S. Representative Bill Posey (R-Rockledge). “I want to thank AAR for their commitment to excellence and their presence in Florida’s Space Coast.”

In April 2011, AAR relocated its Airlift headquarters and operations to Palm Bay and Melbourne. Today, AAR Airlift employs 280 in the area, with an additional 530 employees worldwide. AAR has made a significant investment in its presence in Melbourne and Palm Bay and provides a wide range of technical and professional career opportunities as a member of the Space Coast business community. AAR was also recognized as “Corporate Business of the Year” from the Miami-Dade Chamber of Commerce for its presence in Miami and its public-private partnerships with the Chamber and a local nonprofit to mentor at-risk high school students and introduce them to careers in aviation.

AAR Airlift is a leading provider of expeditionary airlift services and specialized aircraft modifications to the U.S. Department of Defense and its allies. Since 2005, the business has flown more than 90,000 missions, transported 850,000 personnel and delivered 140 million pounds of cargo and mail in support of national priorities and humanitarian relief operations around the world.




About AAR

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; maintenance, repair, overhaul; and engineering. 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 editor@aarcorp.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, 2018. 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.