AAR Receives $27 Million Order for Specialized Shelters
WOOD DALE, Ill., March 31, 2011 /PRNewswire/ -- AAR (NYSE: AIR) announced today that it has received a $27 million order for specialized shelters to be used for the U.S. Army's Standard Automotive Tool Set (SATS) program. To date, AAR has delivered more than 2,000 of these specialized shelters as part of a 10-year ID/IQ contract.
"We have a successful track record of providing versatile mobility solutions and are grateful for the opportunity to support the U.S. Army's SATS program," said Timothy J. Romenesko, President and Chief Operating Officer of AAR CORP. "We take pride in knowing that our products are used to improve efficiencies and facilitate field repairs in support of U.S. Army Combat Service and other national priorities that require specialized and durable mobility products."
AAR Mobility Systems designs and manufactures specialized rapid deployment equipment and mobile tactical shelters used to mobilize, deploy and sustain forces.
AAR is a leading provider of products and value-added services to the worldwide aerospace and government and defense industries. With facilities and sales locations around the world, AAR uses its close-to-the-customer business model to serve aviation and government and defense customers through four operating segments: Aviation Supply Chain; Government and Defense Services; Maintenance, Repair and Overhaul; and Structures and Systems. More information can be found at www.aarcorp.com.
Named One of the Most Trustworthy Companies by Forbes.
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 May 31, 2010 Form 10-K. 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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