AAR Wins IDIQ Award from U.S. Navy for Airframe Maintenance of P-8A Fleet

WOOD DALE, Illinois, February 13, 2018 – AAR (NYSE: AIR), a leading provider of aviation services to commercial airlines and governments, was awarded a seven-year, firm-fixed price, indefinite-delivery/indefinite-quantity contract by the Naval Air Systems Command (NAVAIR) for depot airframe maintenance and depot field team support of the P-8A fleet for the Navy, government of Australia and foreign military sales (FMS) customers.

“We are honored by this selection and look forward to providing world-class service to military operators of the P-8A in the U.S and overseas,” said Don Wetekam, Senior Vice President of Government Business Development. “While revenues will vary year to year, this will be a significant addition to the contract logistics sustainment services AAR provides to the government and defense marketplace.”

Airframe services to be provided by AAR and Boeing include scheduled and unscheduled maintenance, in-service repair, technical directive incorporation, airframe modifications and AOG support. AAR’s work on the P-8A airframe will be performed at AAR’s Maintenance, Repair and Overhaul (MRO) facilities in Indianapolis, Oklahoma City and Miami, which are part of its airframe MRO network, which is the largest in the Americas. 

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.

Media contact: Daniela Pietsch, Vice President Corporate Marketing & Communications, at editor@aarcorp.com 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.