June 24, 2014
Aerospace Company & Its CEO Pledge Three-Year Commitment To Support Science, Technology, Engineering And Mathematics At Overtown Youth Center (OYC)
AAR CORP.’s CEO David P. Storch and Overtown Youth Center Founder Alonzo Mourning announced partnership at event featuring student rocket launch
MIAMI, Fla. –The Overtown Youth Center hosted a special ceremony today to recognize AAR CORP. and its Chairman and CEO David P. Storch’s $350,000 donation to support the Center’s science, technology, engineering and mathematics (STEM) program. County Commissioner Audrey Edmonson and City Commissioner Keon Hardemon, AAR’s Storch, and Mourning Family Foundation and Overtown Youth Center founder Alonzo Mourning attended the event to show their support for programs that help raise interest and train inner-city youth for the well-paying careers of today and tomorrow.
The Overtown Youth Center’s (OYC) STEM Summer Program, in partnership with aviation company AAR and Miami Dade County Public School Office of Academic & STEM Transformation, will provide students an opportunity to engage in academically exciting, hands-on projects. This summer OYC will administer an intensive, six-week program that will expose students to the STEM curriculum, while incorporating literacy ensuring academic reinforcement. Through this unique partnership, 11- to-18-year-old students in the Overtown community will be provided with instructional guidance by leading Miami Dade County Public School STEM staff members. The program kicked off today with AAR employees helping students to launch rockets.
“Our mission is to inspire and empower youth and families by fostering hope through enrichment services. None of that happens without the support of people like AAR CEO David Storch,” said Alonzo Mourning. “The three-year commitment and support of STEM programs provided by David and his aerospace company will motivate and inspire children. Today we will teach and feed kids here at the OYC, our goal is to ensure they’re contributing members of society 10 years from now,” Mourning added.
AAR is a leading provider of products and services to the global aerospace and government/defense industries. The company is connected to Miami by its two facilities in the county – Landing Gear Services and Aircraft Services – that employ more than 1,000 residents and directly generate more than $114 million annually in economic impact for the area. The company’s focus on STEM education for youth and community improvement has included giving Miami Central High School juniors and seniors their first glimpse of aviation education and careers during “Taking Flight,” a day-long STEM excursion to AAR’s 226,000-square-foot aircraft maintenance, repair and overhaul (MRO) facility at Miami International Airport. The donation also funded a recent College Tour for Overtown students and classes for elementary school students taught by the “Nutty Scientist.”
“AAR believes in investing in the communities we work in, and I am really impressed by what is being accomplished by Alonzo and Tina at Overtown,” said Storch. “This type of investment is mutually beneficial as it helps AAR to create a pipeline of aviation talent to make sure we have the workforce we need in the future.”
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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