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.
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.
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SOURCE AAR