AAR Awarded $12.6 Million Contract for NATO
CADILLAC, Michigan, January 23, 2017 – AAR (NYSE: AIR) has signed a contract to supply specialized storage/shipping containers, shelters, air cargo pallets, and accessories to the North Atlantic Treaty Organization (NATO) Support and Procurement Agency (NSPA). The sole-source indefinite delivery/indefinite quantity (IDIQ) contract with AAR Mobility Systems includes a three-year base period with an option to extend for two additional years for an estimated value of $12.6 million.
This contract provides NATO countries and its allies with a direct method for procuring AAR’s rapid deployment products that have been used by troops around the globe for over five decades. The products are designed to offer militaries worldwide a robust, modular and secure method for transporting their mission critical equipment and for use by troops once deployed.
“This contract vehicle enhances our capability to efficiently support NATO countries by allowing them to use the NATO Logistics Stock Exchange (NLSE) portal to submit orders directly to us,” said Jeffery Jackson, Vice President of Sales and Marketing, AAR Mobility Systems. “This will dramatically decrease processing times and, in turn, get our product to the customer faster.”
About AAR Mobility Systems
AAR Mobility Systems is a leading global supplier of rapid deployment equipment including mobile tactical shelters, pallets and expeditionary containers that enhance the military’s ability to mobilize, deploy, maneuver and sustain forces. AAR Mobility also manufactures large lightweight structural assemblies and platforms that support mission essential functions. Products are supported through a network of service centers, field service teams and strategic partners.
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.
Media contact: Daniela Pietsch, Vice President Corporate Marketing & Communications, at firstname.lastname@example.org or +1 630-227-5100.
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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