AAR announces implementation of Airvolution® digital repair cycle management tool with Textron Aviation Defense
July 25 2022 - 4:05PM
AAR CORP. (NYSE: AIR), a leading provider of aviation services to
commercial and government operators, MROs, and OEMs, announced the
implementation of Airvolution® — AAR’s customizable, cloud-based,
end-to-end repair cycle management (RCM) tool focused on optimizing
the administration of aircraft component repairs — at Textron
Aviation Defense.
Airvolution® was designed by AAR to meet the demands and
challenges of the aviation supply chain by enhancing aviation
repair teams’ management efficiencies, reducing operational costs,
maximizing productivity, improving component availability, and
streamlining supplier performance management.
“Airvolution® incorporates AAR’s decades of industry expertise
into an easy-to-use SaaS platform,” said Matt Kammerait, AAR’s Vice
President, Strategy, Planning, and Innovation. “Textron Aviation
Defense is an industry leader with a well-known track record for
innovation. They were a natural fit for our product launch.”
Textron Aviation Defense LLC — a wholly owned subsidiary of
Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company — will
rely on Airvolution® to supplement and modernize current workflows
for its repair orders. Textron Aviation Defense will leverage such
features as straightforward quote processing, enhanced reporting
and data analytics, standardized order management, and
comprehensive repair status communications with end-customers and
suppliers.
“The launch of Airvolution® is the most recent example of AAR’s
focus on developing digital technologies to increase efficiencies
and decrease operational costs of our customers,” said Rahul S.
Ghai, AAR’s Chief Digital Officer. “Implementation of this product
with Textron Aviation Defense demonstrates AAR’s commitment to
helping our customers better achieve their goals by providing
cutting-edge applications, and we look forward to offering the
product to AAR’s other customers and end users.”
For more information on AAR’s Airvolution® tool, visit
aarcorp.com/airvolution/.
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 the continued focus on developing digital technologies to
increase efficiencies and decrease operational costs of our
customers, AAR’s ability to commit to helping our customers better
achieve their goals by providing cutting-edge applications, and to
offering the product to AAR’s other customers and end users.
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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