AAR awarded $41M contract by National Nuclear Security Administration to provide a reconfigured transport aircraft
AAR (NYSE: AIR) has secured a firm, fixed-price contract with the Department of Energy’s National Nuclear Security Administration for the conversion of a B737-700 aircraft into a FlexCombi configuration. This contract enhances the NNSA's airlift capabilities, supporting critical nuclear deterrent operations. Work will start immediately and be completed within 12 months. AAR's expertise in commercial aftermarket solutions positions it well to deliver quality products at competitive prices, emphasizing the importance of commercial best practices in governmental acquisitions.
- Secured a contract with the Department of Energy's NNSA, boosting revenue potential.
- Enhances operational capacity for the NNSA's nuclear deterrent mission.
- AAR's commercial aftermarket expertise strengthens government relationships.
- None.
Wood Dale, Sept. 20, 2021 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, was awarded a firm, fixed-price contract by the Department of Energy’s (DOE) National Nuclear Security Administration (NNSA) for the conversion and delivery of a B737-700 aircraft modified into a “FlexCombi” configuration.
“AAR is once again honored to provide increased airlift capability to the Department of Energy and the National Nuclear Security Administration,” said Jay Pereira, AAR Vice President of Government Programs. “We are proud to support this critical mission with a high-quality product at a very competitive price.”
With this acquisition, the NNSA will increase its fleet size to support mission-critical activities to maintain the safety, security and effectiveness of the United States’ nuclear deterrent capacity. The FlexCombi configuration gives the NNSA the ability to quickly configure the aircraft between passenger and/or cargo modes, serving ever-evolving mission requirements. Work will commence immediately and be completed within twelve months.
“We applaud the NNSA for recognizing the value and embracing the use of commercial best practices in this acquisition,” said Nicholas Gross, AAR Senior Vice President Integrated Solutions. “This award further demonstrates the advantages available to the US Government by accessing the aftermarket for its systems and sustainment needs. AAR is in a unique position to deliver benefits given our commercial aftermarket expertise and ability to adapt to the needs of our government customers.”
For more information about AAR´s Government Solutions, please visit aarcorp.com/integrated-solutions/government-solutions/.
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About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair and Overhaul (MRO) Services. AAR’s Expeditionary Services include Mobility Systems operations. Additional 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 which reflect management’s expectations about future conditions, including the Company’s unique position to deliver value given its commercial aftermarket expertise and ability to adapt to the needs of its government customers. Forward-looking statements may also be identified because they contain words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘continue,’’ ‘‘could,’’ ‘‘estimate,’’ ‘‘expect,’’ ‘‘intend,’’ ‘‘likely,’’ ‘‘may,’’ ‘‘might,’’ ‘‘plan,’’ ‘‘potential,’’ ‘‘predict,’’ ‘‘project,’’ ‘‘seek,’’ ‘‘should,’’ ‘‘target,’’ ‘‘will,’’ ‘‘would,’’ or similar expressions and the negatives of those terms. 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. For a discussion of these and other risks and uncertainties, refer to “Risk Factors” in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. 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. |
FAQ
What contract did AAR (AIR) secure with the Department of Energy in September 2021?
How does the FlexCombi configuration benefit the NNSA?
When will the work on the B737-700 aircraft be completed?
What does AAR's expertise in aftermarket solutions imply for government contracts?
