AAR Mobility Systems awarded a $10.8 million order from USAF to produce 463L cargo pallets

Date : 03/18/2019 @ 5:00PM
Source : PR Newswire (US)
Stock : AAR Corp (AIR)
Quote : 41.0  -1.15 (-2.73%) @ 9:01PM
AAR share price Chart

AAR Mobility Systems awarded a $10.8 million order from USAF to produce 463L cargo pallets

AAR (NYSE:AIR)
Historical Stock Chart

6 Months : From Feb 2019 to Aug 2019

Click Here for more AAR Charts.

CADILLAC, Mich., March 18, 2019 /PRNewswire/ -- AAR (NYSE: AIR), an independent provider of aviation and defense aftermarket solutions, has been awarded a $10.8 million order from the U.S. Air Force for the production of 463L cargo pallets. The cargo pallets will be manufactured at AAR's Mobility Systems business unit in Cadillac, Michigan.

"AAR continues to provide this crucial, strategic asset to the U.S. Air Force to ensure it meets its worldwide operational requirements," said Lee Krantz, Senior Vice President, AAR Mobility Systems. "As a trusted source, AAR is proud to provide the 463L pallet to the U.S. Armed Forces, its allies and other U.S. Government agencies."

AAR continues to be the world leader in the design and production of the cargo pallets. The 463L USAF design uses a lightweight balsa wood core that continues to provide unparalleled strength-to-weight performance and reliability compared to alternative commercial pallet designs. The pallets are designed to be loaded and off-loaded on a variety of military and commercial aircraft.

U.S. Air Force photo: Master Sgt. Jeremy Lock

About AAR
AAR is a global aerospace and defense aftermarket solutions company that employs more than 6,000 people in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR's Aviation Services include parts supply; OEM solutions; integrated solutions; maintenance, repair, overhaul; and engineering. AAR's Expeditionary Services include mobility systems and composite manufacturing operations. Additional information can be found at www.aarcorp.com.

AAR Mobility Systems is a division of AAR and a leading global supplier of rapid deployment equipment, including mobile tactical shelters, pallets and expeditionary containers that enhance the military's ability to mobilize, deploy, maneuver and sustain forces. AAR Mobility also manufactures large lightweight structural assemblies and platforms that support mission essential functions. Products are supported through a network of service centers, field service teams and strategic partners. More information can be found at www.aarmobilitysystems.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.

AAR Logo (PRNewsFoto/AAR) (PRNewsFoto/AAR) (PRNewsfoto/AAR)

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/aar-mobility-systems-awarded-a-10-8-million-order-from-usaf-to-produce-463l-cargo-pallets-300813494.html

SOURCE AAR

Copyright 2019 PR Newswire

Latest AIR Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20190824 04:43:23