March 26, 2012
AAR Earns Boeing Gold Performance Excellence Awards - March 2012
Company recognized for excellence in commercial component repair and defense logistics
WOOD DALE, ILLINOIS — AAR (NYSE: AIR) announced today that it has earned Boeing Gold Performance Excellence Awards at two AAR operating units. AAR is distinguished by receiving awards at more than one facility supporting Boeing.
The Boeing Company issues the award annually to recognize suppliers who have achieved superior performance. AAR maintained Gold composite performance ratings for each month of the 12-month performance period, from Oct. 1, 2010, to Sept. 30, 2011.
“We are honored to earn Boeing’s Gold Performance Excellence award at two of our facilities and proud of the AAR employees who work hard every day to maintain high standards of performance and operational excellence,” said Timothy J. Romenesko, President and Chief Operating Officer of AAR CORP. “These awards also demonstrate the breadth of AAR’s capabilities in support of both commercial aviation and government and defense markets.”
AAR’s Aircraft Component Repair division in Europe earned the award for in-house component repairs and managing a network of component repair subcontractors in support of European airlines operating the 717 and 737 NG aircraft. AAR’s Defense Systems and Logistics division was recognized for their supply chain management services in support of The Boeing Company’s Harrier Integrated Supply Support (HISS) performance-based logistics contract. The program supports AV-8B Harriers operated by the U.S. Marine Corps, Italy and Spain from Cherry Point, North Carolina, where AAR manages inventory and logistics for the versatile fixed-wing aircraft.
For more information on the Boeing Performance Excellence Award, visit
http://www.boeing.com/companyoffices/doingbiz/supplier_portal/bpea.html .
About AAR
AAR is a global aftermarket solutions company that employs more than 6,000 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; engineering services 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.
Contact
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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, 2018. 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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