WOOD DALE, Ill., Oct. 9, 2019 /PRNewswire/ -- AAR (NYSE: AIR), a
leading provider of aviation services to commercial airlines and
governments worldwide, has expanded its Component Repair and
overhaul services with BAE Systems Regional Aircraft to include a
wider range of components for its regional jet support
programs.
AAR began executing on the Component Repair contract in
January 2019, and following strong
operational performance, signed a service expansion agreement in
September to cover additional components. The scope of services
focuses on BAE Systems' out-of-production regional aircraft,
utilizing AAR's proven expertise in legacy platform component
repair.
"With the rapid expansion of our global aerospace and defense
business, AAR has been a trusted, skilled aftermarket provider to
support our commercial regional aircraft programs," said
Andrew James, Director of BAE
Systems Regional Aircraft. "Since entering our contract in January,
AAR Component Repair has consistently delivered cost savings and a
high-quality final product, and we look forward to continued
benefits as we expand the services in our partnership."
The services for the BAE Systems agreement are performed out of
AAR's Component Repair facility in Amsterdam.
"We are proud to take on a larger role supporting our OEM
partner BAE Systems' regional jet programs," said Andre op't Hof,
Director of Commercial Operations at AAR Component Repair. "Our
expertise has optimized our service delivery, providing
high-quality, reliable repairs at a lower cost to the
customer."
For more information on AAR's Component Repair capabilities,
click here.
About AAR
AAR is a global aerospace and defense
aftermarket solutions company that employs more than 6,000 people
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 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, 2019. 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