AAR Selected to Extend Airlift Support for U.S. Military
Largest airlift provider in Afghanistan chosen to renew support of DoD operations
WOOD DALE, Illinois, U.S.A. — AAR (NYSE: AIR) announces that the United States Transportation Command (USTRANSCOM) has exercised a renewal option valued at approximately $156 million for airlift support in Afghanistan through October 31, 2014.
The USTRANSCOM renewal extends AAR’s mission-critical support of the U.S. military under a contract awarded in September 2010. AAR will meet the requirements using 10 rotor-wing aircraft from its fleet. The U.S.-based defense contractor transports people, cargo and mail for U.S. Department of Defense (DoD) and NATO operations in Afghanistan.
“We are proud of our role as the largest provider of airlift for the U.S. government and its allies in Afghanistan and to serve as an integral part of our nation’s logistics capability,” said Randy J. Martinez, President and CEO of AAR Airlift Group. “This renewal reflects the excellent work of our pilots and support teams and the confidence they have earned supporting USTRANSCOM and Department of Defense operations.”
USTRANSCOM provides transportation solutions over air, land and sea in support of national security and non-governmental logistical requirements approved by the U.S. government and secretary of defense.
AAR’s Airlift division offers expeditionary airlift services and specialized aircraft modifications that can be used to support national security and humanitarian relief operations. Under current contracts, the Company provides airlift for the Department of Defense in three regions around the world, transporting personnel, supplies and mail over land and at sea.
AAR, a global leader in aviation services and technology products for commercial and defense customers, will showcase its full range of capabilities at the Dubai Airshow, November 17-21, at Dubai World Central. AAR representatives will be available to brief reporters and bloggers on its Airlift and other services at its stand, #2118.
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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