AL AIN, United Arab Emirates, Nov. 10, 2014 /PRNewswire/ -- AAR (NYSE: AIR) announces it has been selected by AMMROC (Advanced Military Maintenance Repair and Overhaul Center) LLC, the Abu Dhabi-based Joint Venture between Mubadala Development Company, Sikorsky and Lockheed Martin, to support in the design, outfitting and integration of key areas of AMMROC's state-of-the-art facility in Al Ain, UAE. The new facility will be one of the largest dedicated military Maintenance, Repair and Overhaul (MRO) centers in the world, and will be an anchor tenant at Nibras Al Ain Aerospace Park (Nibras), the free-zone project being jointly developed by Mubadala and Abu Dhabi Airports Company to support the establishment of a sustainable aerospace hub in Abu Dhabi.
AMMROC was formed by the coming together of Mubadala, the Abu Dhabi-based investment and development company, Sikorsky, and Lockheed Martin, to serve as a leading provider of MRO services to the UAE Armed Forces, as well as other military providers across South Asia, the Middle East and North Africa. AMMROC's new facility is being built in Al Ain, the second largest city in the Emirate of Abu Dhabi. The approximately 1.2 million-square-foot facility will support more than 40 different types of military aircraft. This major feat of accomplishment is unmatched and unsurpassed by any other similar facility in the SAMENA region.
AMMROC contracted AAR to design support areas including hangars, work areas, and machine and special processes shops for this military maintenance center. AAR has a global reputation in the aviation sector for improving operational efficiencies and turn times, as well as lowering costs through its customer-centric solutions.
"We chose AAR to support us as we develop this world-class facility because of their experience and expertise in this area," said Fahed Al Shamesi, CEO of AMMROC. "We are excited to start work on this military aviation MRO that will allow us to reduce maintenance costs, increase fleet readiness levels for our valued customers and provide high-tech employment opportunities for UAE nationals."
"This deal allows the UAE government to retain control over maintenance of their military aircraft while leveraging AAR's industry experience and best practices," said David P. Storch, CEO and Chairman of AAR CORP. "While AAR has provided customers with counsel and training in the past, this deal brings our work to the next level, and will hopefully lead to additional opportunities once the facility begins operations."
Since 1999, AAR has provided training and advisement on aircraft components, hydraulics, avionics and landing gear for government customers around the world including the U.S. Department of Defense, Poland, Greece, Turkey, Singapore, South Korea and Egypt. The AMMROC deal represents the largest military-focused MRO advisory and design services contract in AAR's history.
Headquartered in Abu Dhabi, United Arab Emirates, AMMROC (Advanced Military Maintenance, Repair and Overhaul Center) LLC is a leading provider of military Maintenance, Repair and Overhaul (MRO) services across South Asia, Middle East and North Africa. AMMROC is a joint venture company owned by Mubadala, the Abu Dhabi-based investment and development company, Sikorsky Aerospace Services, and Lockheed Martin. AMMROC offers best practice military aviation MRO services for a wide range of fixed and rotary wing aircraft. Launched in 2010, AMMROC continues to expand the boundaries for flight as it leverages world-class capabilities, a highly skilled workforce and innovative technologies to deliver robust, MRO solutions that provide military operators with the highest level of aircraft readiness, fleet deployability and safety. AMMROC's key customers include the UAE Armed Forces and GHQ.
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, 2014. 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.