WOOD DALE, Illinois, June 9, 2014 – AAR (NYSE: AIR) announces the Military Sealift Command awarded its Airlift division a contract to provide vertical replenishment (VERTREP) services to its 5th and 7th Fleets in the Mediterranean Sea, Arabian Gulf, and Indian and Western Pacific oceans. The contract is valued at approximately $34 million, inclusive of all options.
Military Sealift Command (MSC) is the leading provider of ocean transportation for the Navy and the U.S. Department of Defense, operating approximately 110 ships daily around the globe. AAR has been performing commercial VERTREP services including ship-to-shore replenishment, ship-to-ship underway replenishment, search and rescue, and support for humanitarian aid operations for MSC since 2007.
AAR Airlift will provide two helicopters, personnel, and operational and technical support to the detachment. The new contract will be the third helicopter detachment operated by the Company for MSC.
“AAR Airlift Group has provided exceptional service to the U.S. Navy at an excellent value for seven consecutive years,” said Randy J. Martinez, President and CEO, Airlift Group. “We’re honored to be awarded another contract to provide this critical service for our military personnel.”
AAR provides expeditionary airlift services in support of contingency operations worldwide. The Company owns and operates a fleet of fixed-wing and rotary-wing aircraft to transport personnel, supplies and mail for the U.S. Department of Defense in Afghanistan, Africa and the Western Pacific.
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.