WOOD DALE, Ill., Nov. 29, 2017 /PRNewswire/ -- Global
aviation services leader AAR (NYSE: AIR) announced that its
subsidiary, AAR Airlift Group, received its first work order from
the U.S. Department of State and has begun work on the transition
phase of the Worldwide Aviation Support Services (WASS)
contract. This follows the October 31,
2017 decision by the U.S. Court of Federal Claims (COFC)
upholding the State Department's September
1, 2016 award of the contract.
"We are excited to begin work on this important national
security program," said John Holmes,
President and Chief Operating Officer, AAR. "We are confident that
our operational experience and fleet maintenance expertise will
benefit the Department of State and build on the aviation services
we provide to other government entities."
About AAR
AAR is a global aftermarket solutions
company that employs more than 5,000 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;
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, 2017. 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