AAR’s Amsterdam Component Repair Operation Accredited by Netherlands Military
First nongovernment firm to receive this distinction
AMSTERDAM, The Netherlands — AAR (NYSE: AIR) announced today that its European component repair business, AAR Aircraft Component Services - Amsterdam, has been accredited by the Military Aviation Authority of the Netherlands (MAA-NLD) to perform component repairs in support of the Netherlands Ministry of Defense.
AAR Aircraft Component Services - Amsterdam is the first private-sector organization to be MAA-NLD-certified for maintenance, a status previously held only by government and defense agencies and service providers.
“We are honored by the confidence the Netherlands military has shown in our company by granting this accreditation,” said Mat van Vugt, General Manager of AAR Aircraft Component Services - Amsterdam. “Our team remains focused on providing high-value repair services to help the Netherlands Ministry of Defense maintain their strong levels of efficiency and aircraft availability.”
The accreditation and its related authorizations enable AAR to repair components for F-16 fighter jets and independently perform the quality assurance process prior to releasing the parts to the Ministry of Defense.
The accreditation is based upon the civil EASA Part 145 regulation, combined with defense-specific requirements. To receive this status, AAR Aircraft Component Services - Amsterdam worked closely with the MAA and government quality assurance representatives to demonstrate its ability to support work as specified on the Royal Netherlands Air Force Capability List.
Officials from the Netherlands MAA presented AAR with a certificate of accreditation during a ceremony at the AAR Aircraft Component Services facilities in Hoofddorp, the Netherlands. AAR recently announced that its Aircraft Component Services - Amsterdam business entered a Partnering Agreement with the Netherlands Ministry of Defense’s Logistics Centre Woensdrecht (LCW) that allows the business to provide new and expanded component repair services using equipment at LCW facilities.
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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