AAR to Supply Unison Products to Kansas Aviation
Exclusive distributor of Unison products signs agreement to support KAI overhaul activities
WOOD DALE, Ill., /PRNewswire via COMTEX/ --AAR (NYSE: AIR) has been selected to provide Unison parts and support for Kansas Aviation of Independence LLC (KAI). The one-year agreement is expected to generate approximately $1 million in supplied parts.
The program will be managed by AAR Distribution, which recently became the exclusive global aftermarket distributor for Unison products. AAR Distribution operates as part of AAR's Allen Asset Management division, which provides a full range of supply chain, component repair and parts distribution services to the commercial aviation industry. The KAI program consists of supplying repair kits for turbine engine exciters, factory new exciters and various hardware to support KAI's overhaul activities.
"AAR developed a custom solution to meet KAI's requirements for its Unison products by leveraging our expertise and newly established inventory position," said John Holmes, Division President, AAR Allen Asset Management. "KAI is one of the leading engine accessory overhaul and repair facilities in North America and we are excited about our new relationship and look forward to demonstrating our abilities as a trusted supply chain partner over the next year."
KAI specializes in the overhaul and repair of engine accessories on the PT6A, PT6T, PW100, PW300, JT15D, CJ610, CF700, Allison 250, CF34 and PW901 engines. KAI provides exceptional quality and world-leading turn times to MRO facilities and aircraft operators.
Toby Lavine, President of Kansas Aviation of Independence, said, "We are very pleased with our new partnership with AAR Distribution and their commitment to supporting the Unison product line."
AAR is a leading provider of value-added products and services to the worldwide aerospace and government and defense industries. With facilities and sales locations around the world, AAR uses its close-to-the-customer business model to serve 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.
Kansas Aviation of Independence LLC is an FAA, EASA, AS9110:2003 and ISO 9001:2008 certified repair station serving a global market. They offer their services to major engine overhaul shops, regional air carriers, FBO's, law enforcement agencies and business operators. Their operations are based at Independence Municipal Airport in Independence, Kansas. More information can be found at www.kansasaviation.com.
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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, 2011 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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