29-Nov-2011 Source: AAR
AAR (NYSE: AIR) announced today that the United States Transportation Command (USTRANSCOM) has exercised two renewal options for AAR to provide airlift support in Afghanistan through October of 2012. The first option has a value of $99 million and is part of a task order awarded to AAR in October, 2010. The second option has a value of $51 million and is part of a task order awarded to AAR in August, 2011.
The Companyâ€™s AAR Airlift operating unit provides rotary-wing aircraft and related personnel, equipment and maintenance to transport personnel, cargo and mail in support of U.S. and NATO operations in Afghanistan. AAR Airlift will support the requirement using three Bell 214ST, seven Sikorsky S-61 and two Sikorsky S-92 helicopters, which were acquired to fulfill the initial contract award.
â€œWe are very proud to provide airlift for the U.S. Government and its allies as an integral part of our nationâ€™s transportation and logistics capability in this austere environment,â€ said Randy J. Martinez, Group Vice President, for AARâ€™s Government and Defense Services segment. â€œThis renewal reflects the dedication and outstanding work of our pilots and support personnel and the confidence that theyâ€™ve earned from both the U.S. Transportation Command and Department of Defense.â€
AARâ€™s Airlift Group provides expeditionary airlift services and performs specialized aircraft modifications for defense, security and humanitarian relief operations. Under current contracts, the Company provides airlift for the Department of Defense (DoD) in three regions around the world, using both fixed-wing aircraft and rotary-wing aircraft to transport personnel, supplies and mail over land and at sea.
AAR is a leading provider of products and value-added services to the worldwide aerospace and government and defense industries. With facilities and sales locations around the world, AAR uses its close-to-the-customer business model to serve customers through four operating segments: Aviation Supply Chain; Maintenance, Repair and Overhaul; Structures and Systems; and Government and Defense Services. More information can be found at www.aarcorp.com.