WOOD DALE, Ill., Dec. 18, 2013 /PRNewswire/ -- AAR (NYSE: AIR) announced today that power management company Eaton has appointed AAR as the exclusive distributor to supply a variety of fluid distribution products to the Defense Logistics Agency (DLA). The new five-year agreement has a five-year renewal option and will strengthen service and support for America's military aircraft fleets by providing rapid-response capabilities for all branches of the U.S. armed forces.
"We look forward to providing world-class supply chain and logistics services to enhance parts availability and mission readiness for the DLA and U.S. armed forces," said John Holmes, Aviation Services Group Vice President – Aviation Supply Chain for AAR. "We value our expanding relationship with Eaton and are confident that this distributorship will provide a streamlined and efficient supply chain while offering a more centralized sourcing solution for the DLA."
Under its distribution agreement, Eaton will supply AAR a variety of products that support aircraft fluid distribution including, Teflon hose assemblies, quick disconnect couplings, debris-monitoring devices, pressure switches and transducers, pneumatic ducting systems, clamps and flanges.
"Eaton and AAR have extensive experience as military suppliers, and now we are working together to better serve the needs of the Defense Logistics Agency," said Einar Johnson, Vice President of Customer Solutions and Services for Eaton's Aerospace Group. "Teaming with AAR will increase the speed and efficiency of our global supply chain to ensure that America's troops have the products required to support 24/7 operational readiness."
The DLA is the Department of Defense's largest logistics combat support agency, providing supplies and services to U.S. military forces worldwide. The DLA procures nearly all of the consumable items used by America's military forces, including spare parts. AAR has a long history of working with the DLA and was recently selected to provide specialized shipping/storage containers to be used by the U.S. Department of Defense and other federal agencies. With this agreement, AAR further enhances its other products and services available to the DLA and its partners.
In the aerospace industry, Eaton is a leading supplier of hydraulic, electro-hydraulic pump and generator products and integrated systems; engine and airframe fuel pumps; electric motors; aircraft door actuation, flight and flow controls; fluid, fuel and air delivery products and systems; nose wheel steering systems; integrated control systems; cockpit controls and displays; power and load management systems; pressure sensors, seals, and fluid health monitoring products and systems. Eaton serves commercial and military aviation, aerospace, military weapons, marine and off-road markets worldwide.
Eaton is a power management company providing energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power. A global technology leader, Eaton acquired Cooper Industries plc in November 2012. The 2012 revenue of the combined companies was $21.8 billion on a pro forma basis. Eaton has approximately 102,000 employees and sells products to customers in more than 175 countries. For more information, visit www.eaton.com.
Through its Aviation Supply Chain businesses, AAR offers a suite of products and services ranging from new and aftermarket airframe and engine parts to complete end-to-end logistics programs involving inventory and repair management. AAR gives commercial and defense customers unmatched access to the aftermarket, maximizing service levels while minimizing total costs. AAR also maintains one of the industry's most extensive inventories of airframe and engine parts and components and is one of the largest providers of power-by-the-hour component support. Capitalizing on its international network of distribution and repair centers and its cutting-edge tracking technology, AAR expedites delivery of products and services and customizes solutions for airline, MRO and OEM customers around 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, 2013. 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.