Global Aerospace Summit in Abu Dhabi Features Panel on Supply Chain Strategy
April 7, 2014
ABU DHABI, UAE, April 7, 2014 – David P. Storch, Chairman and CEO of AAR CORP., (NYSE: AIR) will moderate a panel discussion at the Global Aerospace Summit that explores ways the industry can adapt and position itself for growth amid a changing supply chain. The conference, a strategic forum for industry leaders in the aerospace, aviation, defense and space industries, is being held April 7-8 in Abu Dhabi.
Readiness of the supply chain continues to be a top concern for the aerospace industry, especially as growth in demand and production persists and expands to developing markets in the Middle East and Africa. The panel will address ramping up production while maintaining cost and quality; efficiently meeting the needs of next-generation aircraft; viable options for consolidation and partnerships; and financing.
Joining Storch at the 15.15 panel in the Main Summit Room at the St. Regis will be executives from other leading suppliers: Raphael Duflos, Vice President & Chief Procurement Officer, Aerolia; Steven Gaffney, Chairman and CEO, DynCorp International; Jean-Paul Ebanga, President & CEO, CFM International; William Wood, President of Aerospace Materials, Cytec Industries and Dr. Hans-Jörg Kutschera, Vice President, Booz & Company.
“I am honored to moderate this important session and am eager to contribute to a robust discussion on global supply chain strategies,” said Storch. “My colleagues and I are keenly aware that emerging markets and next-generation aircraft will have an impact on supply chain requirements, and we are committed to finding innovative ways to enhance management, efficiency and global integration of supply chain operations.”
AAR is a recognized leader in providing comprehensive aviation supply chain programs to the U.S. and allied nations’ defense sectors. In recent years, AAR has expanded its global supply chain business to better serve the commercial sector, with operations in Chicago, Singapore, Indianapolis, Toronto and Amsterdam. The Company recently opened a new hub in Brussels, Belgium, that will provide 24/7 AOG support for customers in Europe, the Middle East and North Africa.
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair and Overhaul (MRO) Services. AAR’s Expeditionary Services include Mobility Systems operations. Additional information can be found at www.aarcorp.com.
Media contact: Daniela Pietsch, Vice President Corporate Marketing & Communications, at email@example.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, including, but not limited to,statements regarding the agreement to establish The Module Factory,AAR’s estimate that it will manage the teardown, repair, marketing and sales of spare parts of FTAI’s CFM56 engine pool totaling over 200 engines and growing, AAR’s ability to leverage its extensive USM capabilities to offer CFM56 serviceable engine material to the global commercial aviation aftermarket, that the partnership positions AAR well to service the growing demand for USM on a leading engine platform as customers increasingly prioritize more cost-efficient solutions, and the belief that serviceable engine products, combined with FTAI’s proprietary products and partnerships, completes its unique suite of CFM56 aftermarket offerings aimed at delivering the lowest cost per cycle solution to airline customers. Forward-looking statements may also be identified because they contain words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘continue,’’ ‘‘could,’’ ‘‘estimate,’’ ‘‘expect,’’ ‘‘intend,’’ ‘‘likely,’’ ‘‘may,’’ ‘‘might,’’ ‘‘plan,’’ ‘‘potential,’’ ‘‘predict,’’ ‘‘project,’’ ‘‘seek,’’ ‘‘should,’’ ‘‘target,’’ ‘‘will,’’ ‘‘would,’’ or similar expressions and the negatives of those terms. 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, 2013. 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.