4-Nov-2015 Source: AAR
AAR (NYSE: AIR) announces Military Sealift Command (MSC) has exercised a one-year renewal option for its Airlift division to perform vertical replenishment (VERTREP) services for the U.S. Navy’s 5th and 7thFleets in the Western Pacific and Indian Oceans.
The one-year renewal is valued at approximately $14 million. The contract was awarded to AAR Airlift Group in 2011 for an estimated total value of $77 million, including all options. The contract includes the use of four helicopters, personnel, and operational and technical support services.
Military Sealift Command is the leading provider of ocean transportation for the Navy and the U.S. Department of Defense, operating approximately 110 ships daily around the globe. AAR has been performing commercial VERTREP services including ship-to-shore and ship-to-ship vertical replenishment, search and rescue (SAR), and support for humanitarian aid operations for MSC since 2007. Airlift announced last week that MSC also exercised a one-year renewal option for its vertical replenishment (VERTREP) services for the U.S. Navy’s 5th and 7thFleets in the Mediterranean Sea, Arabian Gulf and Indian Ocean.
“AAR has become the premier commercial provider of deep offshore vertical replenishment services to the U.S. Navy,” said Steven B. Harrison, President, AAR Airlift Group. “For eight years, we have maintained an excellent record of safety, reliability and responsiveness to ensure U.S. forces have the critical supplies they need at sea.”
AAR Airlift provides aviation services in support of expeditionary operations worldwide, including passenger and cargo transport, aeromedical services, night vision operations, aerial delivery, search and rescue (SAR), and other special mission services. AAR Airlift’s fleet of fixed-wing and rotary-wing aircraft serves peacekeeping organizations and government customers in Afghanistan, Africa, the Mediterranean, and the Western Pacific and Indian Oceans.