AAR Receives $31 Million Order For Specialized Shelters
WOOD DALE, Ill., /PRNewswire-FirstCall/ -- AAR (NYSE: AIR) announced today that has received an order to provide shelters to be used by the U.S. Army, valued at $31 million. The order is for AAR's 20-foot non- expandable ISO shelters, which will be configured to serve as mobile tool shops to support vehicle maintenance. The shelters are scheduled to be delivered over the next 12-18 months.
AAR's CSC-certified ISO shelters are rugged, versatile, shelters available in non-expandable and expandable variants that can be configured to support a wide range of applications and transported via air, land or sea.
AAR Mobility Systems, an operating division of AAR, manufactures containers, shelters and pallets for military customers and prime contractors. AAR is a leading provider of products and value-added services to the worldwide aviation/aerospace and defense industry. With facilities and sales locations around the world, AAR uses its close-to-the-customer business model to serve airline and defense customers through four operating segments: Aviation Supply Chain; Maintenance, Repair and Overhaul; Structures and Systems and Aircraft Sales and Leasing. More 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, including those factors discussed under Item 1A, entitled "Risk Factors", included in the Company's May 31, 2006 Form 10-K. 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 publicly release the result of any revisions that may be made to 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.
Corporate Communications of AAR
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