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AAR Corporation

07/27/2020 | Press release | Distributed by Public on 07/27/2020 06:45

AAR awarded three-year MRO contract with Royal Netherlands Air Force to service the F-16 jet fuel starter

AAR awarded three-year MRO contract with Royal Netherlands Air Force to service the F-16 jet fuel starter

July 27, 2020

WOOD DALE, Illinois -AAR (NYSE: AIR), a leading provider of aviation services to commercial airlines and governments worldwide, has been awarded a three-year contract by the Royal Netherlands Air Force (RNLAF) to perform maintenance, repair and overhaul on F-16 jet fuel starters.

AAR will service the jet fuel starters in its component repair facility in Amsterdam, where AAR has been supporting European Participating Air Forces (EPAF) for over 30 years as a prime provider or subcontractor for repair management, component maintenance, supply chain and depot services.

'The RNLAF is pleased to have an MRO contract in place for its F-16 jet fuel starters,' said Lieutenant Colonel Ronald Zoeteman, Program Manager F-16. 'The F-16 community is excited to have a trusted partner like AAR support the RNLAF to maintain and improve the availability of the F-16 fleet, and looks forward to continuing this valued relationship.

'AAR has been a proud and trusted partner of the RNLAF on the F-16 platform for more than 30 years,' said Maarten Willemsen, Government Program Manager of AAR Component Repair in Amsterdam. 'Since the 1980s, AAR Amsterdam has serviced over 3,500 jet fuel starters at our Amsterdam facility - including all RNLAF jet fuel starters. The award of this End-of-Life-of-Type contract reflects our strong relationship, dedication to exceeding customer expectations and shared core values with the RNLAF. We deliver tailored services and capabilities based on commercial best practices and our customers' unique needs to produce high quality work and cost savings.'

For more information about AAR Component Repair services, please click here.

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About the Royal Netherlands Air Force

The Royal Netherlands Air Force is a modern, high-tech armed forces Service that is active on a global basis. The Air Force lends support in combating international unrest and provides disaster relief. At home in the Netherlands, the Air Force ensures security from the air. For these purposes, it has highly-qualified personnel, aircraft, helicopters and other weapon systems at its disposal.


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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 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.

Media contact: Daniela Pietsch, Vice President Corporate Marketing & Communications, at [email protected] or +1 630-227-5100.

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 estimated contract value. 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.