AAR Airlift Commences Work on State Department Aviation Services Contract

WOOD DALE, Ill., Nov. 29, 2017 /PRNewswire/ -- Global aviation services leader AAR (NYSE: AIR) announced that its subsidiary, AAR Airlift Group, received its first work order from the U.S. Department of State and has begun work on the transition phase of the Worldwide Aviation Support Services (WASS) contract.  This follows the October 31, 2017 decision by the U.S. Court of Federal Claims (COFC) upholding the State Department's September 1, 2016 award of the contract.

"We are excited to begin work on this important national security program," said John Holmes, President and Chief Operating Officer, AAR. "We are confident that our operational experience and fleet maintenance expertise will benefit the Department of State and build on the aviation services we provide to other government entities."

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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