AAR Integrated Technologies Wins Contract to Design, Build Mobile Subsystems for Raytheon
Program supports key Saudi defense initiative to improve joint air and ground operations
WOOD DALE, Illinois – AAR (NYSE: AIR) announces it has won a contract to design and build Transportable/Mobile Subsystems for Raytheon’s Integrated Defense Systems in support of a Raytheon C4I Systems customer.
Integrated Technologies will integrate the Transportable/Mobile Subsystems using ISO shelters built by AAR Mobility Systems in Cadillac, Mich. The mobile C4I systems, comprised of command control, communications, computers and intelligence, will provide enhanced interoperability and improve communications between joint air and ground operations. The contract, valued in excess of $17 million, was competitively awarded.
“AAR is excited to support Raytheon’s defense systems program and looks forward to building on our existing relationship,” said Melissa Bosley, Vice President and General Manager of AAR Integrated Technologies. “This contract win is a direct result of AAR’S commitment to cross-divisional collaboration, and I want to thank the teams at AAR Mobility Systems and InTech for their seamless and unified presentations of AAR’s C4I capabilities.”
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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