AAR Wins Progress Minnesota Award
April 20, 2015
Governor recognizes Progress Minnesota Day for Finance & Commerce event
Gov. Mark Dayton has declared April 9 as “Progress Minnesota Day” in honor of the Finance & Commerce newspaper’s annual Progress Minnesota awards.
The awards, now in their fourth year, recognize entrepreneurs, individuals, businesses, manufacturers, nonprofits and economic development organizations for moving the Minnesota economy forward in innovative ways.
The 2015 Lifetime Achievement award will go to M.A. “Mort” Mortenson Jr., who is retiring as chair of the company his father started in the 1950s. When Mortenson took over the company in 1976, the company had $33 million in revenue and 224 employees. Now the construction and development company has more than $2.5 billion in revenue and 3,800 employees.
The April 9 event will recognize 27 honorees at the Hyatt hotel in downtown Minneapolis. Seats are still available for the event. For more information about Progress Minnesota, call Amanda Dorn at 612-485-1534.
M.A. “Mort” Mortenson Jr. | M.A. Mortenson Co.
David Bice | Bald Eagle Erectors, Inc.
Louis J. King II | Summit Academy OIC
Eileen Manning | The Event Group
American Mortgage and Equity Consultants Inc.
Cardiovascular Systems, Inc.
Cirrus Aircraft Corporation
METRO Green Line
National Marrow Donor Program
Olympus Surgical Technologies America
Minneapolis-based Finance & Commerce, which publishes Tuesday through Saturday, focuses on commercial real estate, construction, economic development and regional planning. Its corresponding website, www.finance-commerce.comis updated daily with the latest news and data. Finance and Commerce Inc. is also the publisher of the Minnesota Lawyer weekly and the St. Paul Legal Ledger/Capitol Report and politicsinminnesota.com.
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, 2014. 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.