Lockheed Martin Selects AAR for C-130J Cargo Systems
WOOD DALE, Ill., /PRNewswire-FirstCall via COMTEX/ -- AAR (NYSE: AIR) announced today that it has signed a contractual agreement with Lockheed Martin under which AAR will provide mechanical cargo handling systems for the Lockheed Martin C-130J airlifter. Under the terms of the four-year contract, AAR will provide 18 of its mechanical cargo systems designed exclusively for the C-130J.
AAR is Lockheed Martin's preferred supplier of mechanical cargo systems for its C-130J aircraft. The AAR mechanical cargo systems facilitate loading and unloading of containers and pallets onto C-130s and enable airdrops, during precision aerial delivery missions. AAR began providing cargo systems to Lockheed Martin in 1968 and has delivered more than 1,200 of its specially designed cargo systems to date for several models of the C-130.
"We're proud to continue a 35-year track record of providing Lockheed Martin with these proven systems," said Dallas Mayfield, General Manager of AAR Cargo Systems. "The team at AAR is committed to ensuring that we meet Lockheed Martin's needs, as well as the mission critical requirements of their customers."
AAR Cargo Systems, an operating unit of AAR based in Livonia, Mich., specializes in the design and manufacture of in-aircraft cargo loading systems and has been at the forefront of innovative cargo handling and logistics systems for military applications for more than 40 years. AAR is the leading provider of aftermarket support to the worldwide aviation/aerospace industry. Products and services include customized inventory management and logistics programs encompassing supply, repair and manufacture of spare parts and systems. Headquartered in Wood Dale, Ill., AAR serves commercial and government aircraft fleet operators and independent service customers throughout the world. Further information can be found at www.aarcorp.com.
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. 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, depending on a variety of factors, including: implementation of information technology systems, integration of acquisitions, marketplace competition, economic and aviation/aerospace market stability and Company profitability. Should one or more of these risks or uncertainties materialize adversely, or underlying assumptions or estimates prove incorrect, actual results may vary materially from those described.
SOURCE AAR CORP.
Chris Mason, Director of Corporate Communications of AAR, +1-630-227-2062, firstname.lastname@example.org
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