GAO denies DynCorp appeal over AAR winning US Dept of State helicopter contract

GAO denies DynCorp appeal over AAR winning US Dept of State helicopter contract

5-Jan-2017 Source: AAR

AAR (NYSE: AIR) today learned that the United States Government Accountability Office denied DynCorp’s protest of the contract award to AAR Airlift, a subsidiary of AAR, for the United States Department of State’s Global Aviation Support Services program. Under the program, AAR Airlift will provide maintenance, operations, and logistical support to the fixed and rotary-wing aircraft fleet for the Department of State’s International Narcotics and Law Enforcement Office of Aviation.

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, 2016. 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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