May 29, 2014
AAR Signs New 1-Year Contract to Supply Landing Gear Support for Royal Squadron Fleet
Agreement expands existing relationship with UK Ministry of Defence, confirms excellence as single-source provider
LONDON – AAR (NYSE: AIR) announces an agreement with the UK Ministry of Defence (UK MoD) to supply landing gear support to its fleet of BAE 125 aircraft. The contract expands on AAR’s relationship with the UK MoD, for which it provides repairs, spare parts requirements and unit exchanges for BAE 125 and 146 aircraft, as well as APU repairs for the BAE146 aircraft.
The UK MoD BAE 125 is operated by No. 32 (The Royal) Squadron in the Command Support Air Transport role from RAF Northolt.
“Our relationship with the UK Ministry of Defence continues to strengthen and grow,” said John Holmes, Group Vice President of AAR Supply Chain. “We bring experience from our history of consistently delivering high quality programs to create maintenance and supply solutions that help our customers reach peak efficiency while lowering operating costs.”
AAR has extensive experience with supply chain and component repair management for commercial airline and government fleets. The Company is part of the Northrop Grumman team supporting the UK MoD Royal Air Force Fleet of E3-D Sentry Airborne Warning and Control System (AWACS) aircraft under its Sentry Whole Life Support Programme. AAR also supplies KC-10 Extender Contractor Logistics Support (CLS).
About AAR
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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Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that it has completed the divestiture of its non-core Landing Gear Overhaul business to GA Telesis for $51 million.
