AAR awarded first Captains of Industry contract by the U.S. Department of Defense’s DLA focused on distribution of sustainment services
July 19 2022 - 5:30PM
AAR CORP. (NYSE: AIR), a leading provider of aviation services to
commercial and government operators, MROs, and OEMs, has been
awarded a Captains of Industry contract with the Defense Logistics
Agency (DLA), establishing a long-term strategic relationship to
provide total global supply chain support to the U.S. Department of
Defense (DoD) and U.S. allies.
DLA’s Captains of Industry contracts are holistic support
contracts with built in performance metrics geared to improve
readiness for weapon systems. Contracts are awarded to partners who
are able to help DoD increase warfighter readiness.
This 20-year term contract incorporates total supply chain
support strategies, including but not limited to parts supply,
performance-based logistics, engineering and technical solutions,
depot and field maintenance activities, repair development, and
forecasting and planning.
This contract will enable new AAR / OEM partnerships with DLA,
which will allow for more efficient and open information sharing,
mutual identification of opportunities, and contractual execution
of sustainment solutions.
“This contract strengthens our relationship with the DLA by
supporting their strategic mission to deliver improved readiness
and transform logistics support,” said Christopher Gross, Senior
Director, Program Management, OEM Solutions – Government. “This
U.S. government-AAR partnership recognizes AAR’s unique ability to
provide flexible, timely, and cost-effective support to the U.S.
Armed Services and Foreign Military Sale (FMS) end-users,” said
Timothy Driscoll, Vice President, OEM Solutions – Government.
For more information on AAR’s OEM Solutions, visit
aarcorp.com/oems.
About AARAAR is a global aerospace and defense
aftermarket solutions company with operations in over 20 countries.
Headquartered in the Chicago area, AAR supports commercial and
government customers through two operating segments: Aviation
Services and Expeditionary Services. AAR’s Aviation Services
include Parts Supply; OEM Solutions; Integrated Solutions; and
Maintenance, Repair, and Overhaul (MRO) Services. AAR’s
Expeditionary Services include Mobility Systems operations.
Additional information can be found at 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
which reflect management’s expectations about future conditions,
including enabling AAR to bring on new OEM / DLA partnerships,
which will allow for more efficient and open information sharing,
mutual identification of opportunities, and contractual execution
of sustainment solutions, strengthening our relationship with the
DLA and AAR’s unique ability to provide flexible, timely, and
cost-effective support.. Forward-looking statements may also be
identified because they contain words such as ‘‘anticipate,’’
‘‘believe,’’ ‘‘continue,’’ ‘‘could,’’ ‘‘estimate,’’ ‘‘expect,’’
‘‘intend,’’ ‘‘likely,’’ ‘‘may,’’ ‘‘might,’’ ‘‘plan,’’
‘‘potential,’’ ‘‘predict,’’ ‘‘project,’’ ‘‘seek,’’ ‘‘should,’’
‘‘target,’’ ‘‘will,’’ ‘‘would,’’ or similar expressions and the
negatives of those terms. 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. For a discussion of these and other risks and
uncertainties, refer to “Risk Factors” in our most recent Annual
Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.
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. |
Media Team
AAR CORP.
+1-630-227-5100
editor@aarcorp.com
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