AAR Named Outstanding Component Repair Provider by NATO
Amsterdam division distinguished for outstanding performance and variety of complex repairs
WOOD DALE, Illinois — AAR (NYSE: AIR) has been named “Outstanding Source of Repair” by the NATO Maintenance and Supply Agency (NAMSA) and the International Aerospace Management Company (IAMCO). AAR was also recently ranked as Parts Supplier of the Year, one of the top five providers of aircraft Maintenance, Repair and Overhaul (MRO) in the world and the Best MRO in the Americas in independent surveys of customers and industry professionals.
AAR’s Aircraft Component Services division in Amsterdam earned the recognition for its performance in three key areas: on-time delivery; quality of service; and contract administration. In addition, NAMSA and IAMCO, which manage maintenance work and services for NATO, cited AAR for its complexity, variety and high number of repairs. AAR was previously recognized as Outstanding Source of Repair in 2006.
“The component and repair services that we provide are mission-critical to our defense customers’ operations,” said Mat van Vugt, General Manager, AAR Aircraft Component Services — Amsterdam. “Every day we strive to live up to the high levels of performance our customers have come to expect from us. Being recognized by NATO as the best SOR reflects our team’s commitment to excellence.”
AAR Aircraft Component Services — Amsterdam services rotable components with AOG (air on ground) service 24 hours a day, 365 days a year at a state-of-the-art facility equipped to repair, overhaul and maintain more than 22,000 aircraft parts.
As NATO’s principal logistics support management agency, NAMSA assists NATO nations by organizing common procurement and supply of spare parts, as well as arranging maintenance and repair services necessary for the support of various weapon systems in their inventories.
IAMCO is a multinational joint venture company founded in 1991. An industrial prime contractor, IAMCO is responsible for management of industrial collaborative efforts in depot level maintenance of air vehicles, engines and aircraft components, including the maintenance of NATO E-3A (AWACS) and Trainer Cargo Aircraft (TCA) fleet.
AAR is a global aftermarket solutions company that employs more than 6,000 people in over 20 countries. Based in Wood Dale, Illinois, AAR supports commercial aviation and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; engineering services and component repair. AAR’s Expeditionary Services include airlift operations; mobility systems; and command and control centers in support of military and humanitarian missions. More information can be found at www.aarcorp.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 Form 10-K for the fiscal year ended May 31, 2018. 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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