AAR Selected for 2014 NDTA Corporate Distinguished Service Award
September 30, 2015
Government contractor recognized for airlift support of U.S. DoD, NATO operations in Afghanistan
WOOD DALE, Illinois, September 30, 2015 – AAR (NYSE: AIR) has been named the recipient of the 2014 NDTA Corporate Distinguished Service Award by the National Defense Transportation Association (NDTA). The award recognizes AAR’s Airlift division for its support of a strong and efficient global transportation and distribution system in support of the economy and national security of the United States.
AAR provides highly specialized airlift to support national security and humanitarian relief operations, transporting personnel, mail and supplies in support of contingency operations worldwide. Last year, AAR’s Airlift division provided rotor-wing and fixed-wing airlift support to U.S. Department of Defense forces in Afghanistan, Africa and the Western Pacific. In recent years, AAR has been the largest independent provider of airlift services in Afghanistan. Since 2007, Airlift has also provided offshore vertical replenishment (VERTREP), search and rescue (SAR), and humanitarian aid support services to Military Sealift Command’s 5th and 7th Fleets in the Mediterranean Sea, Arabian Gulf, and Indian and Western Pacific oceans. Military Sealift Command (MSC) is the leading provider of ocean transportation for the Navy and the U.S. DoD, operating approximately 110 ships daily around the globe.
Last year, AAR expanded its presence into East, Central and West Africa in support of U.S. Africa Command (AFRICOM) operations, where the company provides fixed-wing, rotary-wing, personnel recovery and CASEVAC flight operations.
The award was presented today during the NDTA-USTRANSCOM fall meeting at the Gaylord National Resort and Convention Center, Fort Washington, MD, and accepted by Randy J. Martinez, AAR’s Corporate Vice President of Strategy and Business Development. NDTA’s mission is to foster a strong and efficient global transportation system to support national security.
"AAR is extremely proud to be recognized by the NDTA for being an integral part of our government’s logistics capability and for supporting our men and women serving their country in austere environments far from home," said Steven B. Harrison, President of AAR Airlift. "This award recognizes the significant contribution of our tactical airlift mission in delivering supplies to the front lines, the excellence of our air and ground crews, and the trust they have earned supporting critical Department of Defense operations."
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 firstname.lastname@example.org 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, 2015. 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.