AAR Awarded Medical Logistics Support Contract for U.S. Army Company diversifies into forward deployed medical logistics services
WOOD DALE, Ill., Jan. 30, 2013 /PRNewswire/ -- AAR (NYSE: AIR) has been awarded a medical logistics contract for the U.S. Army Medical Material Center -- Southwest Asia, located at Camp As Sayliya, Qatar. AAR's Defense Systems and Logistics business will provide inventory management support to the U.S. Central Command (CENTCOM) in Iraq, Afghanistan, Kuwait, Qatar and the United Arab Emirates. The one-year agreement includes two renewal options.
This program marks the first time AAR's Defense Systems and Logistics business will manage inventories of medical supplies for a defense customer. To date, its programs have focused exclusively on parts and logistics in support of various aircraft platforms and ground equipment.
"We appreciate the confidence the U.S. Army has in AAR Defense Systems and Logistics to run this important program in support of the warfighter," said John Holmes, Aviation Services Group Vice President, Inventory, Management and Distribution. "We thank our personnel on the ground for being responsive and for maintaining great relationships with our customers."
AAR Defense Systems and Logistics provide comprehensive supply chain management services to the U.S. government and its allies. AAR is as ranked one of the Top 100 defense contractors in the world.
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.