January 27, 2004
AAR Chosen to Provide Mechanical Systems to Goodrich for Lufthansa MD-11s
WOOD DALE, Ill., /PRNewswire-FirstCall via COMTEX/ -- AAR (NYSE: AIR) announced today that it has signed an agreement with Goodrich Cargo Systems under which AAR will supply five cargo mechanical systems for Goodrich Powered Cargo Loading Systems on Lufthansa MD-11s.
Under previous contract, AAR has delivered 14 of its mechanical systems directly to Lufthansa for passenger-to-freighter conversions on MD-11 aircraft. The five additional mechanical systems will bring the total number of systems delivered to Lufthansa to 19.
"Passenger-to-freighter conversions are a cost-effective way for airlines to redeploy existing assets," said Dallas Mayfield, General Manager of AAR Cargo Systems. "AAR has a proven track record of service and reliability for our cargo mechanical systems on the MD-11."
"Goodrich selected the AAR mechanical system because it meets the customer needs," said Jim Boyd, Director of the Goodrich Cargo Business Team. "We will integrate the AAR mechanical, along with the Goodrich power drive and electrical control systems, and supply the first-ever 'powered' cargo system for the Lufthansa MD-11 conversion."
AAR Cargo Systems, an operating division of AAR, specializes in the design and manufacture of in-aircraft cargo loading systems for commercial and military applications. AAR is the leading provider of aftermarket support to the worldwide aerospace/aviation industry. Products and services include proprietary inventory management and logistic support services, encompassing supply, repair and manufacture of spare parts and systems. Headquartered in Wood Dale, Illinois, AAR serves commercial and government aircraft fleet operators and independent service customers throughout the world. Further information can be found at www.aarcorp.com.
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, depending on a variety of factors, including: implementation of information technology systems, integration of acquisitions, marketplace competition, economic and aviation/aerospace market stability and Company profitability. Should one or more of these risks or uncertainties materialize adversely, or underlying assumptions or estimates prove incorrect, actual results may vary materially from those described.
SOURCE AAR CORP.
Chris Mason, Director of Corporate Communications of AAR, +1-630-227-2062, chris.mason@aarcorp.com
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