WOOD
DALE, Ill., Nov. 12,
2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading
provider of aviation services to commercial and government
operators, MROs, and OEMs, is pleased to announce the signing of a
multi-year engine parts supply agreement to distribute Chromalloy's
Parts Manufacturer Approval (PMA) parts for the CF6-80C2 engine
high pressure turbine (HPT) Stage 1 and Stage 2 turbine blades.
Under the agreement, AAR will be the exclusive distributor of these
two PMA blades to the global aftermarket with limited account
coverage exclusions, due to Chromalloy's pre-existing customer
agreements.
"This agreement builds on the long relationship between AAR and
Chromalloy for connecting innovative solutions to our global
aftermarket customers. The combination of the Chromalloy
engineering and manufacturing capability, with the AAR global
aero-engine channel access ensures that our PMA solutions are
accessible by operators and repair stations in every region,"
Chromalloy's Chief Executive Officer Chris Celtruda
commented.
"AAR is pleased to partner with Chromalloy and to expand our
aftermarket solution offerings to include Chromalloy's CF6-80C2
parts. AAR provides a complete range of solutions for engine repair
facilities, ensuring access to the best value combination for our
customers," said Sal Marino, AAR's
Senior Vice President of Parts Supply.
The agreement has an initial term of three years, and AAR has
made an initial provisioning order that ensures there is inventory
in place to provide for the global distribution of Chromalloy's
CF6-80C2 HPT Stage 1 and Stage 2 turbine blades.
For more information on AAR's products and services, visit
aarcorp.com.
About AAR
AAR 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 four
operating segments: Parts Supply, Repair & Engineering,
Integrated Solutions, and Expeditionary Services. Additional
information can be found at aarcorp.com.
About Chromalloy
Chromalloy is a leading provider of
engineering, manufacturing and service for the aerospace,
aero-derivative, and energy / industrial gas turbine aftermarket.
For over 70 years, Chromalloy has been a trusted partner of
airlines, aero-engine asset owners, and engine repair facilities.
Chromalloy is a leader for FAA certified, third-party PMA and DER
solutions to enable customer value during engine restoration and
maintenance. The combination of alternative PMA new parts, DER part
repairs, and inventory of used serviceable material (USM) enables
each engine overhaul to achieve expected performance and achieve
best value. Operating from over 20 locations worldwide, Chromalloy
remains committed to having the right global team, available
inventory, and a bias for addressing service needs for legacy and
midlife engines. Our investments in design engineering, testing,
and component manufacturing ensure that all regulatory and
performance criteria are met or exceeded.
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This press release may
contain 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, reflecting management's
expectations about future conditions, including anticipated
activities and benefits under the new engine parts supply
agreement. 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 management, as well as assumptions and estimates based on
information currently available to management 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 AAR CORP.'s 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 management's control. Management 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.
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Contact:
Media Team
+1-630-227-5100
Editor@aarcorp.com
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SOURCE AAR CORP.
