WOOD DALE, Illinois, U.S.A., November 6, 2013 — AAR (NYSE: AIR) announces that the United States Transportation Command (USTRANSCOM) has exercised a renewal option valued at approximately $156 million for airlift support in Afghanistan through October 31, 2014.
The USTRANSCOM renewal extends AAR’s mission-critical support of the U.S. military under a contract awarded in September 2010. AAR will meet the requirements using 10 rotor-wing aircraft from its fleet. The U.S.-based defense contractor transports people, cargo and mail for U.S. Department of Defense (DoD) and NATO operations in Afghanistan.
“We are proud of our role as the largest provider of airlift for the U.S. government and its allies in Afghanistan and to serve as an integral part of our nation’s logistics capability,” said Randy J. Martinez, President and CEO of AAR Airlift Group. “This renewal reflects the excellent work of our pilots and support teams and the confidence they have earned supporting USTRANSCOM and Department of Defense operations.”
USTRANSCOM provides transportation solutions over air, land and sea in support of national security and non-governmental logistical requirements approved by the U.S. government and secretary of defense.
AAR’s Airlift division offers expeditionary airlift services and specialized aircraft modifications that can be used to support national security and humanitarian relief operations. Under current contracts, the Company provides airlift for the Department of Defense in three regions around the world, transporting personnel, supplies and mail over land and at sea.
AAR, a global leader in aviation services and technology products for commercial and defense customers, will showcase its full range of capabilities at the Dubai Airshow, November 17-21, at Dubai World Central. AAR representatives will be available to brief reporters and bloggers on its Airlift and other services at its stand, #2118.
AAR is a global aerospace and defense contractor that employs more than 6,000 people in 17 countries. Based in Wood Dale, Illinois, AAR supports commercial, government and defense customers through two operating segments: Aviation Services and Technology Products. AAR’s services include inventory management and parts distribution; aircraft maintenance, repair and overhaul; and expeditionary airlift. AAR’s products include cargo systems and containers; mobility systems and shelters; advanced aerostructures; and command and control systems. More information can be found at www.aarcorp.com.
It will provide airlift support in Afghanistan through May 31, 2014. The option has a value of approximately $98 million and is part of a contract awarded to AAR in June 2010.
It will provide airlift support in Afghanistan through October of 2012.
AAR will transport passengers and cargo for U.S. and Coalition forces.
AAR designs lightweight transport solutions that save on fuel costs and its advanced cargo loading systems help reduce manpower and the chance of injury.