AAR Signs Exclusive Agreement with AMETEK for Civil Aerospace Markets
April 4, 2018
Pact with Power and Data Systems for OEM support of commercial and business aircraft
WOOD DALE, Illinois, April 4, 2018 — AAR (NYSE: AIR) announced today its OEM Aftermarket Solutions group has signed an exclusive agreement with Power and Data Systems (PDS) of AMETEK Aerospace & Defense to be its exclusive global aftermarket distributor supporting commercial, regional transport and helicopter markets.
The AMETEK products covered by the global agreement are specifically for foreign and domestic aircraft and include power distribution units, starter generators, generator control units, primary and secondary power distribution, solid-state power controllers and relays, remote control circuit breakers, arc fault protection, brushless motors, pump motors, actuators, cockpit instruments, data acquisition units, engine interface units, bus protocol converters, and engine monitoring systems.
“We are excited to expand our existing military relationship with AMETEK PDS into a commercial market partnership as well,” said Eric Young, Senior Vice President, AAR OEM Aftermarket Solutions. “We are thrilled to leverage our world-class, global sales platform and processes to identify and execute upon growth opportunities for AMETEK PDS.”
"AMETEK is pleased to expand AAR’s role as our exclusive distributor," said Keith Reazin, Vice President for AMETEK PDS. “AAR’s extensive sales network, combined with its excellent sales systems, will benefit AMETEK PDS’ commercial customers around the world by offering them easy access to necessary spare parts and the best support network available.”
About AMETEK Power and Data Systems
Power and Data Systems is a unit of AMETEK Aerospace & Defense, a leader in engine and aircraft monitoring systems; data acquisition units; fuel and fluid measurement systems; heat transfer and cooling systems; and maintenance and repair services. AMETEK Aerospace & Defense is a division of AMETEK, Inc., a leading global manufacturer of electronic instruments and electromechanical devices.
For more information, contact Glenn Kidd, Phone: 316-719-8909 | Email: firstname.lastname@example.org.
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, 2017. 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.