AAR Awarded New Airlift Services Contract to Support NATO Allies
AAR Airlift Group to Support NATO Training Mission – Afghanistan
WOOD DALE, Illinois – AAR (NYSE: AIR) announces the U.S. Central Command (CENTCOM) Joint Theatre Support Contracting Command has awarded its Airlift division a contract to provide fixed- and rotary-wing support for the Afghan National Security Forces (ANSF) under the NATO Training Mission — Afghanistan (NTM-A) and Combined Security Transition Command – Afghanistan (CSTC-A).
The contract is an Indefinite Delivery Indefinite Quantity (IDIQ) with a total ceiling value of approximately $134 million. AAR Airlift will support the NTM-A and CSTC-A with light fixed-wing, medium fixed-wing, and medium rotary-wing aircraft, personnel, and logistics support.
The NATO Training Mission — Afghanistan, in coordination with NATO nations and partners, supports the government of Afghanistan in generating and sustaining the ANSF to provide accountable, Afghan-led security. Under the agreement, AAR will perform passenger and cargo transport services from 21 locations in Afghanistan. The Company has been performing in-theatre support to the U.S. Department of Defense in Afghanistan since 2004, and is the DOD’s largest commercial provider of lift services in-country.
“AAR is proud to continue supporting our national interests in Afghanistan under this new agreement,” said Randy J. Martinez, President and CEO, AAR Airlift Group. “The issuance of this contract to AAR reaffirms that we are the premier provider of airlift services in Afghanistan; no other carrier has more experience operating in this region than we do.”
AAR provides expeditionary airlift services in support of contingency operations worldwide. The Company currently operates a fleet of more than 40 fixed-wing and rotary-wing aircraft to transport personnel, supplies, and mail for the U.S. Department of Defense in Afghanistan and the Western Pacific.
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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