AAR Medical Logistics Support Contract with U.S. Army Extended
Military renews option for forward-deployed supply-chain services in the Middle East
WOOD DALE, Illinois — AAR (NYSE: AIR) announced today that its contract to support the U.S. Army Medical Material Center in Southwest Asia, located at Camp As Sayliyah in Qatar, has been extended for a second year. Under the renewed contract, AAR will continue to provide inventory management for medical supplies used by the U.S. Central Command (CENTCOM) in Iraq, Afghanistan, Kuwait, Qatar and the United Arab Emirates.
The initial program award, announced in January 2013, marked the first time AAR managed inventories of medical supplies for a defense customer. Previously, the Company’s supply-chain contracts focused exclusively on inventory and logistics for various aircraft platforms, engines and ground equipment.
“This is an important program that provides critical support for those who serve in the armed forces and put themselves in harm’s way,” said John Holmes, AAR’s Aviation Services Group Vice President – Aviation Supply Chain. “We greatly appreciate the confidence the U.S. Army has shown in us by renewing this program.”
AAR provides comprehensive supply-chain management services to the U.S. government and its allies and is ranked as one of the 100 largest defense contractors in the world.
Through its Aviation Supply Chain businesses, AAR offers a suite of products and services ranging from new and aftermarket airframe and engine parts to complete end-to-end logistics programs involving inventory and repair management. AAR gives commercial and defense customers unmatched access to the aftermarket, maximizing service levels while minimizing total costs. AAR also maintains one of the industry’s most extensive inventories of airframe and engine parts and components and is one of the largest providers of power-by-the-hour component support. Capitalizing on its international network of distribution and repair centers and its cutting-edge tracking technology, AAR expedites delivery of products and services and customizes solutions for airline, MRO and OEM customers around the world.
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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