AAR Receives $65 Million Order for Container Platforms
WOOD DALE, Ill., /PRNewswire via COMTEX/ --AAR (NYSE: AIR) announced today that it has received an order to provide Containerized Roll-in/Out Platforms (CROP) for the U.S. Army, valued at $65 million.
The platforms will be built at AAR's manufacturing facility in Cullman, Alabama, commencing in the summer of 2010. The order is part of a five-year Indefinite Delivery/Indefinite Quantity (IDIQ) contract that was established in 2005.
"We take pride in supplying products that play a vital role in the Army's logistics-based distribution system," said Timothy J. Romenesko, President and Chief Operating Officer of AAR CORP. "These products contribute to an efficient supply line that ensures rapid response times and uninterrupted systems availability."
The CROP is a rolling platform used by the Army to transport and deliver supplies and equipment across its multi-modal distribution system.
AAR is a leading provider of value-added products and services to the worldwide aerospace and government/defense industries. With facilities and sales locations around the world, AAR uses its close-to-the-customer business model to serve aviation and government/defense customers through three operating segments: Aviation Supply Chain; Maintenance, Repair and Overhaul; and Structures and Systems. 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, 2009 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 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.
Related newsSee all
December 11, 2023
AAR adds Woodward, Inc. (66503) distribution support under Supplier Capability Contract with DLA Aviation
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation products and services to commercial and government operators, MROs, and OEMs, has added distribution support of select Woodward, Inc. (Woodward) parts under its Supplier Capability Contract with DLA Aviation.
December 07, 2023
AAR to announce second quarter fiscal year 2024 results on December 21, 2023
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today announced that it will release financial results for its second quarter of fiscal year 2024, ended November 30, 2023, after the close of the New York Stock Exchange trading session on Thursday, December 21, 2023.
December 07, 2023
AAR announces extension and expansion of Alaska Airlines MRO relationship, expected facility expansion in Oklahoma City
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today it has signed an agreement to extend the Company’s existing airframe MRO services with Alaska Airlines through 2030 and expand its heavy maintenance partnership.