WOOD DALE, Illinois, November 2, 2015 – AAR (NYSE: AIR) announces Military Sealift Command (MSC) has exercised a one-year renewal option for its Airlift division to perform vertical replenishment (VERTREP) services for the U.S. Navy’s 5th and 7th Fleets in the Western Pacific and Indian Oceans.
The one-year renewal is valued at approximately $14 million. The contract was awarded to AAR Airlift Group in 2011 for an estimated total value of $77 million, including all options. The contract includes the use of four helicopters, personnel, and operational and technical support services.
Military Sealift Command 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 and ship-to-ship vertical replenishment, search and rescue (SAR), and support for humanitarian aid operations for MSC since 2007.
“AAR has become the premier commercial provider of deep offshore vertical replenishment services to the U.S. Navy,” said Steven B. Harrison, President, AAR Airlift Group. “For eight years, we have maintained an excellent record of safety, reliability and responsiveness to ensure U.S. forces have the critical supplies they need at sea.”
AAR Airlift provides aviation services in support of expeditionary operations worldwide, including passenger and cargo transport, aeromedical services, night vision operations, aerial delivery, search and rescue (SAR), and other special mission services. AAR Airlift’s fleet of fixed-wing and rotary-wing aircraft serves peacekeeping organizations and government customers in Afghanistan, Africa, the Mediterranean, and the Western Pacific and Indian Oceans.
About AAR
AAR is a global aftermarket solutions company that employs more than 4,500 people in over 20 countries. Based in Wood Dale, Illinois, AAR supports commercial aviation and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR's Aviation Services include inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; and component repair. AAR's Expeditionary Services include airlift operations; mobility systems; and command and control centers in support of military and humanitarian missions. More information can be found at www.aarcorp.com
