March 20, 2013
AAR Earns Boeing Gold Performance Awards
AAR Defense Systems and Logistics, Aircraft Component Services Businesses Recognized for 3rd Consecutive Year
WOOD DALE, Illinois — AAR (NYSE: AIR) announced today that two of its businesses have earned the 2012 Boeing Gold Performance Excellence Award. It is the third time that both AAR Defense Systems and Logistics and AAR Aircraft Component Services in Europe have earned Boeing’s Gold Award.
The Boeing Company issues the award annually to recognize suppliers who have achieved superior performance. AAR maintained Gold composite performance ratings for each month of the performance period, from Oct. 1, 2011, to Sept. 20, 2012. AAR is one of only 153 suppliers to earn the Gold level of recognition for 2012 and is further distinguished by receiving awards at more than one facility.
“We value our long-term relationship with Boeing and are especially proud to be recognized for our performance in support of both commercial and defense programs,” said Tim Romenesko, President and Chief Operating Officer of AAR CORP. “Our employees’ hard work and commitment to excellence are how AAR continues to meet customer expectations and provide superior service.”
AAR’s Defense Systems and Logistics division was recognized for their supply chain management services in support of The Boeing Company’s Harrier Integrated Supply Support (HISS) performance-based logistics contract. The program supports AV-8B Harriers operated by the U.S. Marine Corps, Italy and Spain from Cherry Point, North Carolina, where AAR manages inventory and logistics for the versatile fixed-wing aircraft. AAR’s Aircraft Component Services division in Europe earned an additional award for performing in-house component repairs and managing a network of component repair subcontractors in support of European airlines operating the 717 and 737 NG aircraft.
About AAR
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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Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has been awarded a five-year indefinite delivery / indefinite quantity contract with an aggregate ceiling value of approximately $1.2 billion by the U.S. Navy’s Naval Air Systems Command (NAVAIR) to perform P-8A Poseidon depot airframe maintenance and depot field team support for the U.S. Navy, government of Australia, and foreign military sales (FMS) customers.
