AAR to Relocate Airlift Group to Melbourne, FL

The relocation will be conducted in phases and is expected to be completed by spring 2011.

“Companies like AAR will create the types of jobs we need in Florida during this critical time of transition in the aerospace industry,” noted State Senator Thad Altman, who represents East Central Florida. “In addition, the technological expertise and capabilities of AAR could lead to a terrific partnership with the state of Florida in areas such as emergency management preparation and civil defense.”

“AAR is a highly respected, very successful company and we knew that this project would be extremely competitive,” said Lynda Weatherman, President and Chief Executive Officer, Economic Development Commission of Florida’s Space Coast. “We developed a creative package that showcased the Space Coast’s core capabilities, including the tax advantage benefits of a Florida location. We are delighted that AAR recognized our competitive advantages and look forward to the company’s success here at the Space Coast.”

“AAR is a great example of the type of company that will help Florida diversify its aerospace economy to position for success in the coming months and years,” noted Space Florida President Frank DiBello. “This company is well-established in the defense industry and will bring continued innovation to Florida’s aerospace industry. We are extremely pleased to welcome them to the Space Coast.”

AAR currently has facilities in Clearwater, Jacksonville, Medley and Miami, employing 1,200 highly-skilled workers and contributing approximately $150 million annually in economic impact to the state of Florida. At full employment, the new Melbourne location is projected to add an additional $42.3 million to the state’s economy.

“All over the country communities are working hard to land companies of AAR’s caliber. We’re fortunate Melbourne International Airport was chosen as the site for this significant expansion. It’s good for Melbourne. It’s good for the region,” said Harry Goode, Mayor of Melbourne and Chairman, Melbourne Airport Authority.

About AAR

AAR is a leading provider of products and value-added services to the worldwide aerospace and government/defense industry. 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 four operating segments: Aviation Supply Chain; Government and Defense Services; Maintenance, Repair and Overhaul; and Structures and Systems. More information can be found at www.aarcorp.com.

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