WOOD DALE, Ill., Nov. 1, 2017 /PRNewswire/ -- Global aviation
services leader AAR (NYSE: AIR) announced that the Court of Federal
Claims (COFC) entered judgment late yesterday in favor of the U.S.
Government, upholding the award of the Worldwide Aviation Support
Services (WASS) by the U.S Department of State to AAR Airlift and
dismissing the protest filed by incumbent DynCorp
International.
AAR Airlift is ready to commence work immediately under the WASS
contract that was awarded in September
2016 by the U.S. State Department to support the work of the
Bureau for International Narcotics and Law Enforcement Affairs,
Office of Aviation.
"We are very pleased that the Court affirmed the State
Department's decision to award the WASS contract to AAR Airlift,"
said Don Wetekam, Chairman, AAR
Airlift. "Our talented team is excited to begin work on this
contract and deliver world-class service for this important
national security program."
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