AL AIN, United Arab Emirates,
Nov. 10, 2014 /PRNewswire/
-- AAR (NYSE: AIR) announces it has been selected by AMMROC
(Advanced Military Maintenance Repair and Overhaul Center) LLC, the
Abu Dhabi-based Joint Venture
between Mubadala Development Company, Sikorsky and Lockheed Martin,
to support in the design, outfitting and integration of key areas
of AMMROC's state-of-the-art facility in Al Ain, UAE. The new facility will be one of
the largest dedicated military Maintenance, Repair and Overhaul
(MRO) centers in the world, and will be an anchor tenant at Nibras
Al Ain Aerospace Park (Nibras), the free-zone project being jointly
developed by Mubadala and Abu Dhabi Airports Company to support the
establishment of a sustainable aerospace hub in Abu Dhabi.
AMMROC was formed by the coming together of Mubadala, the
Abu Dhabi-based investment and
development company, Sikorsky, and Lockheed Martin, to serve as a
leading provider of MRO services to the UAE Armed Forces, as well
as other military providers across South
Asia, the Middle East and
North Africa. AMMROC's new
facility is being built in Al Ain,
the second largest city in the Emirate of Abu Dhabi. The approximately 1.2
million-square-foot facility will support more than 40 different
types of military aircraft. This major feat of accomplishment is
unmatched and unsurpassed by any other similar facility in the
SAMENA region.
AMMROC contracted AAR to design support areas including hangars,
work areas, and machine and special processes shops for this
military maintenance center. AAR has a global reputation in the
aviation sector for improving operational efficiencies and turn
times, as well as lowering costs through its customer-centric
solutions.
"We chose AAR to support us as we develop this world-class
facility because of their experience and expertise in this area,"
said Fahed Al Shamesi, CEO of
AMMROC. "We are excited to start work on this military aviation MRO
that will allow us to reduce maintenance costs, increase fleet
readiness levels for our valued customers and provide high-tech
employment opportunities for UAE nationals."
"This deal allows the UAE government to retain control over
maintenance of their military aircraft while leveraging AAR's
industry experience and best practices," said David P. Storch, CEO and Chairman of AAR CORP.
"While AAR has provided customers with counsel and training in the
past, this deal brings our work to the next level, and will
hopefully lead to additional opportunities once the facility begins
operations."
Since 1999, AAR has provided training and advisement on aircraft
components, hydraulics, avionics and landing gear for government
customers around the world including the U.S. Department of
Defense, Poland, Greece, Turkey, Singapore, South
Korea and Egypt. The AMMROC
deal represents the largest military-focused MRO advisory and
design services contract in AAR's history.
About AMMROC
Headquartered in Abu Dhabi, United
Arab Emirates, AMMROC (Advanced Military Maintenance, Repair
and Overhaul Center) LLC is a leading provider of military
Maintenance, Repair and Overhaul (MRO) services across South Asia, Middle
East and North Africa.
AMMROC is a joint venture company owned by Mubadala, the
Abu Dhabi-based investment and
development company, Sikorsky Aerospace Services, and Lockheed
Martin. AMMROC offers best practice military aviation MRO services
for a wide range of fixed and rotary wing aircraft. Launched in
2010, AMMROC continues to expand the boundaries for flight as it
leverages world-class capabilities, a highly skilled workforce and
innovative technologies to deliver robust, MRO solutions that
provide military operators with the highest level of aircraft
readiness, fleet deployability and safety. AMMROC's key customers
include the UAE Armed Forces and GHQ.
To learn more about AMMROC or Mubadala log onto: www.ammroc.ae
or www.mubadala.ae.
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.
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