AAR to Showcase Expanded Airlift and Rotorcraft Services Capabilities
February 29, 2016
Leading provider of expeditionary helicopter transport, aircraft parts supply and repair now offering its expertise to rotorcraft operators
LOUISVILLE, Kentucky, February 29, 2016 – Global aerospace and defense contractor AAR (NYSE: AIR) will showcase the expansion of its expeditionary airlift capabilities, supply chain services and composites manufacturing to potential partners and helicopter operators at Heli Expo 2016 March 1-3.
Members of the media are invited to stop by Booth 2604 to meet AAR executives/subject matter experts including AAR Vice Chairman and Chief Operating Officer of the Expeditionary Services segment Timothy J. Romenesko; Airlift Group’s new President Steve Harrison; and Steve Peckham, Vice President, Rotorcraft Business Development.
Expanded airlift capabilities
Under Harrison’s leadership, AAR Airlift is implementing a strategy to expand its aviation services and geographic presence by diversifying its service capabilities to align with future growth opportunities. Airlift has been transitioning from being the largest independent airlift provider for the Department of Defense in Afghanistan to new types of government contracts including:
A series of new U.S. Department of Defense contracts in Africa, including a $49 million Personnel Recovery (PR) and Casualty Evacuation (CASEVAC) service contract for US Africa Command forces in West Africa;
A $19 million UN Peacekeeping contract for the United Nations Organization Stabilization Mission in the Democratic Republic of Congo (MONUSCO); and
The first United Kingdom Ministry of Defence Search & Rescue (SAR) service contract awarded to a commercial provider, valued at $275 million over 10 years. The contracted service in the Falkland Islands officially begins in April 2016.
"Airlift has demonstrated that we can successfully leverage our experience – operating in rugged/hostile terrains, conducting search and rescue missions, providing aerial resupply services, quickly ramping up in remote locations, and sustaining a highly skilled overseas workforce – to provide the partnerships our government customers require," said Harrison. "Having served the aviation market for 60 years, AAR is uniquely capable of applying commercial best practices to help government increase efficiencies and reduce costs."
AAR Airlift maintains and operates its own fleet that has included the Sikorsky S-92 and S-61N, Bell 214ST and 412, Airbus 330J Puma, and Finmeccanica AW-189 airframes.
To help staff new contracts and capabilities, AAR Airlift will participate in the HAI Helicopter Industry Career Fair at Heli-Expo on March 1 from 10:30 a.m. to 5 p.m. in the Kentucky Exposition Center, West Hall B.
Expanded services for rotorcraft
AAR’s just announced Rotorcraft Services division leverages Airlift’s rotorcraft operations experience, as well as the Company’s aircraft maintenance, repair and overhaul (MRO) capabilities, global supply chain network and modification expertise for fixed-wing aircraft, to offer similar services to rotorcraft customers.
Rotor-wing operators can now access the full range of services that AAR provides to customers in more than 100 countries including parts sales and procurement; aircraft leasing and resale; aircraft evaluation; new and used parts sales; parting out of legacy aircraft; component repair; engineering services; aircraft modifications; field maintenance; and comprehensive support programs. This includes a new rotorcraft product line in its trading business focused on component sales, OEM distribution, repair management and asset trading. Through its Airinmar subsidiary, AAR currently manages component repair for CHC’s fleet of more than 200 helicopters.
Composites manufacturing for rotorcraft
AAR’s Composites division supplies value-added composite structures, fairings and interior paneling components to regional/business jets, military aircraft and helicopters. AAR provides full project management services, from concept development and component design through process engineering, prototyping, regulatory certification, to full rate production. Manufacturing capabilities range from piece-part oven and autoclave cured fabrication and multi-axis machining, to integration and assembly of complex composite structures. Applying over 30 years of experience in mechanical and electrical integration to composite assemblies, AAR Composites partners with our customers to streamline supply chains and speed their assembly times.
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, 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.