WOOD
DALE, Ill., March 4,
2025 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a
leading provider of aviation services to commercial and government
operators, MROs, and OEMs, has signed an exclusive
Distribution and License Agreement for the Parts Manufacturer
Approval (PMA) high pressure turbine blades for the PW4000 engine
platforms manufactured by Chromalloy's wholly owned subsidiary,
BELAC LLC.
"AAR is focused on delivering cost saving
solutions to our global customer base," said Sal Marino, SVP of Parts Supply.
The multi-year contract will ensure guaranteed stock levels for
the in-demand T1 blade on this high value engine platform. This
complements an existing AAR agreement to distribute BELAC's T1 and
T2 turbine blades for the CF6-80C2 engine platform.
"BELAC products are engineered to provide enhanced durability
and deliver downstream cost savings. By collaborating with AAR, we
are able to offer additional engine material options and enhance
supply chain reliability for the global aviation market," commented
Mike Zerbe, General Manager of
BELAC.
"AAR is focused on delivering cost saving solutions to our
global customer base," said Sal
Marino, AAR's Senior Vice President of Parts Supply. "We are
pleased to expand AAR's engine portfolio and support the continued
growth of our product offerings through this relationship with
Chromalloy."
For more information on AAR's engine solutions, part of the
Company's Parts Supply segment, visit
https://www.aarcorp.com/en/products/engine-solutions/.
About AAR
AAR is a global aerospace and defense
aftermarket solutions company with operations in over 20 countries.
Headquartered in the Chicago area,
AAR supports commercial and government customers through four
operating segments: Parts Supply, Repair & Engineering,
Integrated Solutions, and Expeditionary Services. Additional
information can be found at aarcorp.com.
About Chromalloy
Chromalloy is a leading provider of
engineering, manufacturing, and service for the aerospace,
military, aero-derivative, and energy/industrial gas turbine
aftermarket. For over 70 years, Chromalloy has been a trusted
partner of airlines, aero-engine asset owners, and engine repair
facilities. Chromalloy is a leader in FAA-certified, third-party
PMA and DER solutions to enable customer value during engine
restoration and maintenance. The combination of alternative PMA new
parts, DER part repairs, and inventory of used serviceable material
(USM) enables each engine overhaul to achieve expected performance
and achieve best value. Operating from over 20 locations worldwide,
Chromalloy remains committed to having the right global team,
available inventory, and a bias for addressing service needs for
legacy and midlife engines. Our investments in design engineering,
testing, and component manufacturing ensure that all regulatory and
performance criteria are met or exceeded. For additional
information, please visit www.chromalloy.com.
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This press release may
contain 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, reflecting management's
expectations about future conditions, including anticipated
activities and benefits under the distribution and license
agreement. 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 management, as well as assumptions and estimates based on
information currently available to management and are subject to
certain risks and uncertainties that could cause actual results to
differ materially from historical results or those anticipated. For
a discussion of these and other risks and uncertainties, refer to
"Risk Factors" in AAR CORP.'s most recent Annual Report on Form
10-K and subsequent Quarterly Reports on Form 10-Q. 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 management's control. Management 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.
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Contact:
Media Team
+1-630-227-5100
Editor@aarcorp.com
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SOURCE AAR CORP.
