WOOD DALE, Ill., March 19, 2015 /PRNewswire/ -- AAR (NYSE:
AIR) announces that AAR Airlift has been awarded a contract by the
United Nations for airlift services in Central Africa. The contract is valued at
approximately $19 million.
AAR Airlift will provide passenger and cargo air charter
services in support of the MONUSCO operation, the United Nations
Organization Stabilization Mission in the Democratic Republic of Congo (DRC). The
MONUSCO mandate includes support of the Government of the DRC in
its stabilization and peace consolidation efforts.
Under the contract, AAR will provide rotary-wing aircraft,
flight operations, maintenance and logistical support. Operations
will begin in July 2015 and continue
for a period of 3 years, including options.
"This win represents another strategic market diversification
effort and complements our existing presence in Africa," said Randy J.
Martinez, President and CEO, AAR Airlift. "We are
particularly pleased to leverage our experience in this market to
support the UN's critically important mission in Central Africa."
AAR Airlift provides aviation services in support of
expeditionary operations worldwide. The Company provides passenger
and cargo transport, aeromedical services, night vision operations,
aerial delivery, search and rescue (SAR), and other special mission
services. AAR Airlift's fleet of fixed-wing and rotary-wing
aircraft serves peacekeeping organizations and government customers
in Afghanistan, Africa, the Mediterranean, and the Western
Pacific and Indian Oceans.
About AAR
AAR is a global aerospace and defense
contractor that employs more than 6,000 people in 17 countries.
Based in Wood Dale, Illinois, AAR
supports commercial, government and defense customers through two
operating segments: Aviation Services and Technology Products.
AAR's services include inventory management and parts distribution;
aircraft maintenance, repair and overhaul; and expeditionary
airlift. AAR's products include cargo systems and containers;
mobility systems and shelters; advanced aerostructures; and command
and control systems. More information can be found at
www.aarcorp.com.
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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, 2014. 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