AAR Expands Logistics Footprint in Asia
ENP Newswire - 20 August 2012 Release date- 17082012 - SINGAPORE - AAR (NYSE: AIR) is expanding its supply chain distribution network and inventory for the Asia market, strengthening its presence in the region and helping to boost distribution and reduce lead time for customers.
An important part of this expansion is an inventory of Unison Industries' aerospace components that will be made available from a warehouse in Singapore. The increased inventory will also include aerospace parts and components for AeroControlex Lube and Scavenge Pumps and customer-specific inventory. Adding product to this Singapore facility will make parts more accessible to commercial and regional aircraft operators in Asia and Australia. 'Our customers were requesting inventory and a presence in the region to help meet their shorter lead-time demands,' said Paul Richardson, Vice President of Sales and Marketing, AAR Aviation Supply Chain, Singapore. 'Today, we're holding dedicated inventory to support customer programs and material for sale to all customers at this new, strategically located distribution hub.' The Asia hub is managed by AAR Distribution, which operates as part of AAR's Allen Asset Management division. The program leverages AAR's global reach and extensive experience providing supply chain, component repair and parts distribution services to the commercial aviation industry. AAR is an exclusive supplier of aerospace parts for the Unison distribution channel, including turbine ignition systems, engine-dedicated alternators, sensors, switches and wiring harnesses. About AAR 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 four operating segments: Aviation Supply Chain; Maintenance, Repair and Overhaul; Structures and Systems and Government and Defense Services. More information can be found at www.aarcorp.com AAR was recently named the Best Aircraft Maintenance, Repair and Overhaul (MRO) Provider in the Americas, Aircraft Parts Supplier of the Year and was ranked among the Top Five MROs in surveys of airline executives and industry professionals. Contact: AAR CORP. Chris MasonCommunications DirectorTel: 630-227-2062Email: [email protected] 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. [Editorial queries for this story should be sent to [email protected] ]
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