Press release from PR Newswire
AAR Sources and Modifies 2 Boeing 737s for U.S. Marshals Service
Wednesday, July 24, 2013
AAR Sources and Modifies 2 Boeing 737s for U.S. Marshals Service08:12 EDT Wednesday, July 24, 2013
Company provides cost-effective solution for mission-ready passenger aircraft
WOOD DALE, Ill., July 24, 2013 /PRNewswire/ -- AAR (NYSE: AIR) announces that the U.S. Marshals Service has signed a purchase commitment for two Boeing 737-400 aircraft for delivery in September. In addition to sourcing the aircraft, AAR will provide airframe and landing gear overhaul, aircraft painting and interior reconfiguration. AAR recently delivered two similar aircraft to the Colombian Air Force as part of a cost-effective program that included the conversion of the aircraft for cargo transport and the supply of custom seat pallets.
The program demonstrates AAR's wide range of capabilities, which the Company combines to create custom-tailored solutions for its commercial, federal civilian government, and defense customers.
"This program will enable AAR to deliver an efficient, cost-effective means to satisfy the U.S. Marshal Service, Justice Prisoner and Alien Transportation System's prisoner transport requirements," said Donald J. Wetekam, Senior Vice President of Government and Defense Business Development for AAR. "Our one-stop shop approach to procurement, overhaul and reconfiguration enables us to react quickly to a variety of customer needs."
Modifications and reconfiguration of the aircraft are on course for delivery by September 2013.
About AAR AAR is a global aerospace and defense contractor that employs more than 6,000 people in 17 countries. Based in Wood Dale, Illinois, AAR supports commercial, government and defense customers through two operating segments: Aviation Services and Technology Products. AAR's services include inventory management and parts distribution; aircraft maintenance, repair and overhaul; and expeditionary airlift. AAR's products include cargo systems and containers; mobility systems and shelters; advanced aerostructures; and command and control systems. 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, 2012. 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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