AAR (NYSE: AIR) has been selected to provide the United States Air Force (USAF) with palletized seating systems to accommodate passenger carriage in KC-46 aircrafts in 10- or 12-seat configurations. The contract with AAR’s Mobility Systems is valued at just under $5 million, with ordering periods through the end of DoD’s FY19.
This contract supports the USAF’s newest air refueling tanker aircraft, the KC-46 Pegasus. The wide-body, multi-role tanker can refuel all US, allied and coalition military aircraft compatible with international aerial refueling procedures. For the first delivery, multiple sets of 12-passenger and 10-passenger seat pallets, valued at approximately $2 million, have been ordered by the USAF to support the Initial Test and Evaluation of the KC-46 Tanker Program.
“In addition to the KC-46 Seat Pallet contract, AAR is supplying the USAF with 463L Air Cargo Pallets and AAR ISU® Containers to support initial testing of this aircraft,” said J. Jason Raffaele, AAR Mobility Systems Vice President of Business Development and Chief Engineer. “AAR is proud to provide this variety of air mobile platforms to help our troops mobilize themselves and their critical mission equipment.”
About AAR Mobility Systems
AAR Mobility Systems is a leading global supplier of rapid deployment equipment including mobile tactical shelters, pallets and expeditionary containers that enhance the military’s ability to mobilize, deploy, maneuver and sustain forces. AAR Mobility also manufactures large lightweight structural assemblies and platforms that support mission essential functions. Products are supported through a network of service centers, field service teams and strategic partners. More information can be found at www.aarmobilitysystems.com.
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, 2015. 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.