AAR continues successful Unison Industries partnership with re-selection as exclusive distributor
July 14 2020 - 4:10PM
AAR (NYSE: AIR), a leading provider of aviation services to
commercial and government operators worldwide, and Unison
Industries jointly announced today the expansion and extension of
the longstanding partnership as the exclusive worldwide aftermarket
distributor for Unison Industries´ aviation, aerospace, military,
civil and land vehicles products. The agreement adds new material
content to include new product introduction spanning multiple
aircraft platforms.
As exclusive distributor, AAR will be responsible for developing
customized sales strategies and marketing campaigns, executing
growth plans, forecasting, warehousing and performing aftermarket
product distribution services of Unison Original Equipment
Manufacturer (OEM) replacement parts. In addition, AAR will provide
24/7 Aircraft-On-Ground (AOG) call center support to deliver
rapid-response services to customers using Unison products in the
aviation aftermarket.
Components covered by the program include turbine ignition
systems, engine-dedicated alternators, sensors, switches, wiring
harnesses, bellows and metal tubing/ducting consumed by commercial
and military aircraft operators, maintenance repair and overhaul
facilities and other industry customers, worldwide. The agreement
also includes repair services management backed by AAR's supply
chain and customer support network.
“We are very excited to expand our longstanding partnership with
Unison Industries and to continue supporting our aftermarket
customers,” said Eric Young, AAR Senior Vice President of OEM
Solutions. “We look forward to continuing our pivotal partnership
role, serving as a value-add salesforce multiplier for Unison and
proactively driving strategic initiatives.”
Tom Hoferer, President of Unison Industries said, "Extending the
Unison business relationship with AAR is of vital strategic
importance to the Unison business. Expanding our agreement another
11 years with additional content speaks to the value we place on
AAR and the value they bring to our customers. Executing a contract
extension in these challenging times speaks to the deep partnership
we have, and will continue to grow, with AAR.”
# # #
About AAR AAR is a global aerospace and defense
aftermarket solutions company that operates 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; and
Maintenance, Repair and Overhaul (MRO) Services. AAR’s
Expeditionary Services include Mobility Systems and Composite
Manufacturing operations. Additional information can be found at
www.aarcorp.com.
About Unison Industries
Unison Industries, LLC, is a leading global supplier of complex
gas turbine engine components and electrical & mechanical
systems. Unison is a supplier to nearly every engine and airframe
program, providing the most advanced performance solutions for a
wide variety of markets including aviation, space and defense,
power, oil and gas, and transportation. Unison is a global company,
employing more than 2,000 people around the world. Unison has five
major manufacturing locations as well as engineering centers and
supporting sites across the globe. For more information, visit
www.unisonindustries.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,
including the agreement valued at more than $1 billion in sales
over an 11 year period. Forward-looking statements may also be
identified because they contain words such as ‘‘anticipate,’’
‘‘believe,’’ ‘‘continue,’’ ‘‘could,’’ ‘‘estimate,’’ ‘‘expect,’’
‘‘intend,’’ ‘‘likely,’’ ‘‘may,’’ ‘‘might,’’ ‘‘plan,’’
‘‘potential,’’ ‘‘predict,’’ ‘‘project,’’ ‘‘seek,’’ ‘‘should,’’
‘‘target,’’ ‘‘will,’’ ‘‘would,’’ or similar expressions and the
negatives of those terms. 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, 2019 and the Company’s Form 10-Q for
the fiscal quarter ended February 29, 2020. 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. |
Daniela Pietsch
AAR Corp
+1 630 227 5100
editor@aarcorp.com
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