WOOD DALE, Ill., Sept. 1, 2016 /PRNewswire/ -- On September 1, 2016, the Department of State awarded AAR Airlift Group, Inc. (AAR) the contract for INL Global Aviation Support Services (GASS). This new contract continues the services currently provided under the current Global Aviation Support Services contract. The GASS contract was competed in accordance with the Federal Acquisition Regulations (FAR). AAR will be issued Task Orders under the GASS contract. Potential duration for this contract is eleven years, including a six month phase-in, a base year plus two options, up to seven award term option years and a six month phase-out. The GASS contract ceiling, to include all related task orders is $10 billion. The contract minimum guarantee is $100,000.
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, 2016. 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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