May 21, 2014
AAR Expands Support of Boeing’s U.S. Army CH-47 Helicopter Recapitalization Program
AAR repair facility to overhaul components on the Boeing CH-47 Chinook helicopter
GARDEN CITY, New York – AAR (NYSE: AIR) has won a contract that expands its component repair support of The Boeing Company’s Helicopter Recapitalization Program for the U.S. Army. Under a five-year general terms agreement on Multi Year II, AAR will overhaul multiple components on the CH-47 Chinook helicopter. This is a significant increase over AAR’s portion of Boeing’s initial Multi Year I program.
The work is being performed at AAR Aircraft Component Services in Garden City, N.Y., which already has received more than 300 units from Boeing’s facility in Ridley Park, Pa., near Philadelphia. The first repaired and overhauled units have already shipped back to Boeing.
Boeing’s Recapitalization Program breathes new life into old U.S. Army CH-47 helicopters. As part of this program, the airframe is discarded and the components are harvested and sent out for repair and overhaul. The refurbished parts are put into a new airframe along with other modern upgrades.
“Boeing tried AAR and appreciated our performance and the cost savings we provided, which led to this expansion,” said Glenn Meyers, Vice President, Military Programs, for AAR. “The recapitalization program is important to our nation’s security and our military’s effectiveness, which AAR is always proud to support.”
The CH-47 helicopter is viewed as critical to supporting our troops, logistics and humanitarian relief efforts for military operations around the world. Recapitalization has saved the U.S. government hundreds of millions of dollars.
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
Media Team
Corporate Marketing & Communications
+1-630-227-5100
Editor@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, 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.
Related news
See all
November 26, 2024
AAR included among Forbes’ America’s Dream Employers 2025
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has been recognized by Forbes as one of America’s Dream Employers 2025. This prestigious award is presented in collaboration with Statista, the world-leading statistics portal and industry ranking provider. The award list was announced late last week and can be viewed on Forbes’ website.
November 18, 2024
AAR releases 2024 Sustainability Report
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, released its 2024 Sustainability Report today, highlighting the continuation and advancement of the Company’s environmental, social, and governance commitments.
November 14, 2024
AAR signs exclusive global distribution agreement with Whippany Actuation Systems
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed an exclusive multi-year distribution agreement with Whippany Actuation Systems, a TransDigm Group business.
