AAR's Component Repair facility in Amsterdam ranked No 1 Outstanding Source of Repair by NATO Support and Procurement Agency
August 17, 2020
WOOD DALE, Illinois —AAR (NYSE: AIR), a leading provider of aviation services to commercial airlines and governments worldwide, has been named “Outstanding Source of Repair” and ranked No. 1 among all Component Source of Repair (SOR) facilities for 2019 by the NATO Support and Procurement Agency (NSPA) and the International Aerospace Management Company (IAMCO). Both organizations manage maintenance work for the North Atlantic Treaty Organization (NATO). AAR has received this prestigious recognition four times since 2005.
AAR Aircraft Component Services in Amsterdam was cited for its superior product quality, timely delivery, quality assurance services and component support on the NATO Airborne Warning and Control System (AWACS) fleet.
“I am extremely pleased to inform you that AAR Aircraft Component Services has been recommended and selected to be the best SOR of the year 2019 out of 17 companies.
This outstanding achievement is the result of a team effort and allows us to congratulate you all for this remarkable performance,” said Bernard Masuy, IAMCO Branch Manager Components.
“NSPA congratulates AAR Aircraft Component Services to be recommended and selected to be the best SOR of the year 2019. The fact, that AAR achieved this award already for the fourth time since 2005 shows the high professionalism and engagement of this outstanding company. We are very proud to have the team of AAR on board of our AWACS family,” said Norbert Schneider, NSPA LW Programme Manager.
“We strive for excellence every day and having our component and repair services repeatedly recognized by NATO validates our efforts and inspires our team toward continuous improvement,” said Andre op‘t Hof, AAR Aircraft Component Services – Amsterdam, Director of Commercial Operations.
For more information on AAR´s Component Repair solutions, click here.
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IAMCO is a multinational joint venture company founded in 1991. As an industrial prime contractor, IAMCO is responsible for management of collaborative efforts in depot-level maintenance of NATO’s E-3A airborne early warning and control (AWACS) fleet including the maintenance of engines and aircraft components.
As the North Atlantic Treaty Organization’s principal support agency, NSPA assists NATO nations by organizing common procurement and supply of spare parts, as well as by arranging maintenance and repair services necessary for the support of various weapon systems in their inventories. The program LW is the responsible entity in NSPA to support the AWACS fleet and the Main Operating Base in Geilenkirchen / Germany.
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, 2020. 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.