AAR Wins 3rd Year Extension for Airlift Support of U.S. DoD
Largest airlift provider in Afghanistan supports Military and NATO operations
WOOD DALE, Ill., Nov. 5, 2012
WOOD DALE, Ill., Nov. 5, 2012 /PRNewswire/ -- AAR (NYSE: AIR) announces the
United States Transportation Command (USTRANSCOM) has exercised a renewal
option for AAR Airlift to continue its airlift support in Afghanistan. The
renewal is tied to one of several contracts AAR has with the U.S. Department
of Defense to provide fixed and rotary wing airlift support in the region. The
option has a value of approximately $161 million and is part of a contract
originally awarded to AAR in October 2010.
AAR Airlift provides staff, equipment and maintenance to transport personnel,
cargo and mail over land and sea in support of U.S. and NATO operations. AAR
will fulfill this requirement using two Sikorsky S-92, six Sikorsky S-61, and
two Bell 214 ST10 helicopters.
"We appreciate the confidence the U.S. Transportation Command and the
Department of Defense have in AAR Airlift to help maximize their logistics and
transportation capabilities in this important military theater," said Randy J.
Martinez, President, AAR Airlift. "We thank our pilots and personnel on the
ground for being responsive and for maintaining great relationships with our
AAR Airlift provides expeditionary airlift services and performs specialized
aircraft modifications for defense, security and humanitarian relief
operations. AAR currently supports the U.S. Department of Defense in
Afghanistan, Africa and the Pacific Rim, and is ranked one of the top defense
contractors in the world.
AAR is a leading provider of value added products and services to the
worldwide aerospace and government/defense industries. With facilities and
sales locations around the world, AAR uses its close-to-the-customer business
model to serve aviation and government/defense customers through two operating
segments: Aviation Services, and Manufacturing and Systems. More 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, 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, 2012. 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.
Contact: Chris Mason, Communications Director, +1-630-227-2062,
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