AAR Awarded $41M Contract by National Nuclear Security Administration to Provide a Reconfigured Transport Aircraft
AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, was awarded a firm, fixed-price contract by the Department of Energy’s (DOE) National Nuclear Security Administration (NNSA) for the conversion and delivery of a B737-700 aircraft modified into a “FlexCombi” configuration.
“AAR is once again honored to provide increased airlift capability to the Department of Energy and the National Nuclear Security Administration,” said Jay Pereira, AAR Vice President of Government Programs. “We are proud to support this critical mission with a high-quality product at a very competitive price.”
With this acquisition, the NNSA will increase its fleet size to support mission-critical activities to maintain the safety, security, and effectiveness of the United States’ nuclear deterrent capacity. The FlexCombi configuration gives the NNSA the ability to quickly configure the aircraft between passenger and/or cargo modes, serving ever-evolving mission requirements. Work will commence immediately and be completed within twelve months.
“We applaud the NNSA for recognizing the value and embracing the use of commercial best practices in this acquisition,” said Nicholas Gross, AAR Senior Vice President Integrated Solutions. “This award further demonstrates the advantages available to the US Government by accessing the aftermarket for its systems and sustainment needs. AAR is in a unique position to deliver benefits given our commercial aftermarket expertise and ability to adapt to the needs of our government customers.”
For more information about AAR´s Government Solutions, please visit aarcorp.com/integrated-solutions/government-solutions/.
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 inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; engineering services and component repair. AAR’s Expeditionary Services include airlift operations; mobility systems; and command and control centers in support of military and humanitarian missions. More 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.