AAR Named Outstanding Component Repair Provider by NATO for 2nd Consecutive Year
Amsterdam division recognized as leaders in exceptional performance
WOOD DALE, Illinois — AAR (NYSE: AIR) has been named “Outstanding Source of Repair” by the NATO Support Agency (NSPA) and the International Aerospace Management Company (IAMCO), which manages maintenance work for the North Atlantic Treaty Organization. This is the second consecutive year AAR has received this prestigious recognition.
NSPA and IAMCO cited AAR’s Aircraft Component Services division in Amsterdam for its timely delivery, superior quality of service and high repair volume. AAR was previously recognized as Outstanding Source of Repair in 2006.
“Having our component and repair services repeatedly recognized by NATO is extremely rewarding and inspires our team to continue striving for excellence every day,” said Mat van Vugt, General Manager, AAR Aircraft Component Services — Amsterdam. “We continually strive to meet the high performance standards our customers have come to expect.”
AAR Aircraft Component Services (ACS) in Amsterdam services airlines globally with AOG (aircraft on ground) support 24 hours a day, 365 days a year at a state-of-the-art facility equipped to maintain more than 22,000 aircraft parts. ACS was most recently recognized by Boeing and achieved the 2012 Boeing Performance Excellence Award - Gold Level.
In addition to these latest honors, AAR has repeatedly ranked high in various independent surveys of customers and industry professionals, earning recognition in three key areas: on-time delivery, quality of service and contract administration. AAR was voted the Best Airframe MRO Provider — The Americas in 2012, based on a survey of industry professionals by UBM Aviation, a leading provider of global aviation intelligence. AAR is a finalist for the same award this year. AAR also has been named Aircraft Parts Supplier of the Year in an independent survey of 11,000 airline executives and industry professionals.
As the North Atlantic Treaty Organization’s principal support agency, NSPA 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. As an industrial prime contractor, IAMCO is responsible for management of collaborative efforts in depot-level maintenance of NATO’s E-3A airborne early warning and control (AWACS) fleet including the maintenance of engines and aircraft components.
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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