WOOD DALE, Ill., Oct. 16, 2018 /PRNewswire/ -- Ontic, a BBA
Aviation company and the aerospace industry's leading provider of
'Extended Life Solutions' for OEM legacy products, has appointed
AAR as its authorized inventory management partner and exclusive
distributor in support of Ontic UK's Military MRO business. This
business includes a variety of repair and overhaul services for a
portfolio of legacy avionics parts servicing the military market,
including electromechanical, barometric, gyroscopes and electronics
products. Key platforms include the BAE Hawk aircraft; Leonardo Sea King and AW101 helicopters;
Lockheed C-130 transports; Boeing F-15 and V22; and the
Tornado.
"This partnership with AAR represents a great strategic fit for
Ontic, with both organizations being very closely aligned in their
approach to delivering the highest customer service levels," said
Matthew Pritchard, Ontic's UK Site
Director. "We believe our military MRO customers will be pleased
with the increased level of service they receive as a consequence
of this relationship with AAR. As Ontic continues to grow, I'm
confident that our partnership will expand as we look to deliver
extended life solutions to our customers and OEM partners."
"We are delighted with our appointment as Ontic's authorized
inventory management partner and exclusive distributor for their
military MRO business," said AAR's Tim
Driscoll, Vice President and General Manager of OEM
Solutions. "We look forward to working with Ontic to provide
our mutual customers with the parts they need, when they need
them."
About Ontic
Ontic is a wholly-owned subsidiary of BBA
Aviation plc, with over 42 years of aerospace product manufacturing
and aftermarket support experience. Ontic provides FAA, CAAS, CAAC,
TCCA, DCA, EASA Part 21 and 145 OEM support, including new and
serviceable spares and repairs for over 4,500 maturing and legacy
aircraft parts. Its portfolio of products licensed or acquired from
major OEMs such as Honeywell, UTC Aerospace, Safran, Thales and GE
Aviation, span all major aircraft systems in both civil and
military markets. For more information, please visit
www.ontic.com.
About BBA Aviation
BBA Aviation plc is a market
leading, global aviation support and aftermarket services provider,
primarily focused on servicing the business and general aviation
(B&GA) market. BBA supports its customers through three
principal businesses: Signature Flight Support and Signature
TECHNICAirTM, which provide premium, full-service
flight and home base support including refuelling, ground handling,
hangarage and MRO services through the world's largest fixed base
operation (FBO) network for B&GA users with around 200
locations covering key destinations in North America, Europe, South
America, Caribbean,
Africa and Asia. Ontic is a leading provider of
high-quality equipment and cost-effective solutions for the
continuing support of maturing and legacy aerospace platforms, with
locations in the USA, Europe and Asia. Engine Repair & Overhaul/Global
Engine Services is a leading independent engine service
provider to global B&GA operators, the rotorcraft market and
regional airline fleets with locations in the USA, Europe,
South America, Asia and the Middle
East. For more information, please visit
www.bbaaviation.com.
About AAR
AAR is a global aftermarket solutions
company that employs more than 6,000 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 parts supply; OEM parts
distribution; supply chain programs; customer fleet management and
operations; aircraft maintenance, repair and overhaul; engineering
services and component repair. AAR's Expeditionary Services include
mobility systems; command and control centers in support of
military and humanitarian missions; and composite manufacturing
operations. Additional information can be found at
www.aarcorp.com.
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, 2018. 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.
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SOURCE AAR