AAR Takes Delivery of Two New Sikorsky S-92 Helicopters
Company Expands Airlift Fleet and Capabilities to Include Super-Heavy Lift
WOOD DALE, Ill., /PRNewswire via COMTEX/ --AAR (NYSE: AIR) announced today that it has added two new Sikorsky S-92(R) helicopters to its fleet of 29 rotary-wing and 20 fixed-wing aircraft that the Company uses to provide airlift services for the U.S. Government. The S-92 helicopters will be used to support a previously announced $450 million task order to provide super-heavy airlift services for USTRANSCOM in Afghanistan and are set to be deployed on-schedule in mid-February.
AAR Airlift serves as one of the nation's largest providers of intra-theater airlift and has capabilities to support a wide range of defense, security and humanitarian relief operations. The delivery of these aircraft marks a major milestone for AAR Airlift as it expands and optimizes its fleet to support a broader range of Department of Defense airlift requirements and priorities. With the addition of the two S-92 aircraft, AAR's fleet is more versatile and capable of providing support in all three airlift categories: medium, heavy and super-heavy.
"We evaluated a number of alternatives before concluding that the Sikorsky S-92 was the best choice to meet the arduous demands of super-heavy-lift missions in remote and extremely harsh environments," said Jeff Schloesser, President of AAR's Airlift Group, during a signing and acceptance ceremony at Sikorsky Global Helicopter's facility in Coatesville, Pa. "The selection came down to choosing the aircraft that best fulfills the government's requirements and enables us to offer reliability, responsiveness and the best long-term business case for the military."
In addition to providing airlift services, AAR offers diverse products and services for fixed- and rotary-wing aircraft and supplies composite interiors and components for the Sikorsky S-92 program. AAR also provides Sikorsky with interiors and fairings for a military variant of the S-92 and machined components for the H-60 helicopter.
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 four operating segments: Aviation Supply Chain; Maintenance, Repair and Overhaul; Structures and Systems; and Government and Defense Services. More information can be found at www.aarcorp.com.
Named one of The Most Trustworthy Companies by Forbes magazine.
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, 2010 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.
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