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AAR awarded five-year contract to perform airframe maintenance for U.S. Navy's P-8A Poseidon fleet

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AAR CORP. (NYSE: AIR) has been awarded a five-year contract by the U.S. Navy's Naval Air Systems Command (NAVAIR) to perform P-8A Poseidon depot airframe maintenance and depot field team support. The contract has an aggregate ceiling value of approximately $1.2 billion and covers services for the U.S. Navy, government of Australia, and foreign military sales customers.

AAR will provide scheduled and unscheduled maintenance, in-service repair, technical directive incorporation, airframe modifications, and aircraft-on-ground (AOG) support. This follow-on contract maintains AAR's position as a leader in commercial derivative airframe maintenance for the U.S. Department of Defense and supports Navy readiness.

AAR CORP. (NYSE: AIR) ha ricevuto un contratto quinquennale dal Comando dei sistemi aerei navali della Marina degli Stati Uniti (NAVAIR) per eseguire la manutenzione degli airframe del P-8A Poseidon e il supporto del team operativo in deposito. Il contratto ha un valore complessivo di circa 1,2 miliardi di dollari e copre i servizi per la Marina degli Stati Uniti, il governo dell'Australia e i clienti delle vendite militari estere.

AAR fornirà manutenzione programmata e non programmata, riparazioni in servizio, incorporazione di direttive tecniche, modifiche agli airframe e supporto per gli aeromobili a terra (AOG). Questo contratto di follow-on mantiene la posizione di AAR come leader nella manutenzione degli airframe derivi commerciali per il Dipartimento della Difesa degli Stati Uniti e supporta la prontezza della Marina.

AAR CORP. (NYSE: AIR) ha sido galardonada con un contrato de cinco años por parte del Comando de Sistemas Aéreos Navales de la Marina de los EE. UU. (NAVAIR) para realizar mantenimiento de airframe del P-8A Poseidon y soporte del equipo de campo en depósito. El contrato tiene un valor máximo total de aproximadamente 1.2 mil millones de dólares y cubre servicios para la Marina de los EE. UU., el gobierno de Australia y clientes de ventas militares extranjeras.

AAR proporcionará mantenimiento programado y no programado, reparaciones en servicio, incorporación de directivas técnicas, modificaciones de airframe y soporte para aeronaves en tierra (AOG). Este contrato de seguimiento mantiene la posición de AAR como líder en el mantenimiento de airframes derivados comerciales para el Departamento de Defensa de los EE. UU. y apoya la preparación de la Marina.

AAR CORP. (NYSE: AIR)는 미국 해군 항공 시스템 사령부(NAVAIR)로부터 5년 계약을 체결하였으며, 이는 P-8A 포세이돈의 공항 유지보수 및 현장 팀 지원을 수행하는 것입니다. 이 계약의 총 금액은 약 12억 달러에 달합니다 그리고 미국 해군, 호주 정부 및 외국 군사 판매 고객을 위한 서비스를 포함합니다.

AAR는 정기 및 비정기 유지보수, 재서비스 수리, 기술 지침 통합, 공항 수정 및 지상 항공기(AOG) 지원을 제공할 것입니다. 이 후속 계약은 AAR을 미국 국방부의 상업파생 항공기 유지보수 분야의 선두주자로 자리매김하며 해군 준비태세를 지원합니다.

AAR CORP. (NYSE: AIR) a été attribuée un contrat de cinq ans par le Commandement des systèmes aériens navals de la Marine américaine (NAVAIR) pour effectuer la maintenance de la cellule P-8A Poseidon et le soutien de l'équipe de champ en dépôt. Le contrat a une valeur plafond totale d'environ 1,2 milliard de dollars et couvre des services pour la Marine américaine, le gouvernement australien et des clients de ventes militaires à l'étranger.

AAR fournira des services de maintenance planifiée et non planifiée, des réparations en service, l'incorporation de directives techniques, des modifications de la cellule et un soutien pour les aéronefs au sol (AOG). Ce contrat de suivi maintient la position d'AAR en tant que leader dans la maintenance des cellules d'avions dérivés commerciaux pour le Département de la Défense des États-Unis et soutient la préparation de la Marine.

AAR CORP. (NYSE: AIR) wurde von dem Naval Air Systems Command (NAVAIR) der US Navy mit einem Fünfjahresvertrag beauftragt, um die Wartung des P-8A Poseidon airframe und Unterstützung des Depotfeldteams durchzuführen. Der Vertrag hat einen Gesamtwert von ca. 1,2 Milliarden Dollar und umfasst Dienstleistungen für die US Navy, die Regierung Australiens und ausländische Militärexportkunden.

AAR wird geplante und ungeplante Wartung, In-Service-Reparaturen, die Implementierung technischer Leitfäden, Modifikationen des airframes und Unterstützung für am Boden befindliche Flugzeuge (AOG) bereitstellen. Dieser Anschlussvertrag festigt die Position von AAR als führendes Unternehmen in der Wartung von kommerziellen Derivaten für das US-Verteidigungsministerium und unterstützt die Einsatzbereitschaft der Navy.

Positive
  • Awarded a five-year contract with a $1.2 billion ceiling value
  • Retains position as a leader in commercial derivative airframe maintenance for U.S. Department of Defense
  • Expands service provision to include U.S. Navy, Australian government, and foreign military sales customers
  • Continues strategic partnership with NAVAIR
Negative
  • None.

WOOD DALE, Ill., Sept. 23, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has been awarded a five-year indefinite delivery / indefinite quantity contract with an aggregate ceiling value of approximately $1.2 billion by the U.S. Navy's Naval Air Systems Command (NAVAIR) to perform P-8A Poseidon depot airframe maintenance and depot field team support for the U.S. Navy, government of Australia, and foreign military sales (FMS) customers. 

"Our rapid deployment teams provide on-demand expertise anywhere in the world," said Nicholas Gross.

This follow-on contract continues AAR's strategic partnership supporting NAVAIR. AAR will provide scheduled and unscheduled maintenance, in-service repair, technical directive incorporation, airframe modifications, and aircraft-on-ground (AOG) support.

This contract retains AAR's position as a leader of commercial derivative airframe maintenance for the U.S. Department of Defense and supports the Navy's readiness through the repair of the P-8A Poseidon.

"AAR is pleased to continue our longstanding partnership with NAVAIR and honored to be the prime provider supporting this critical fleet," said Nicholas Gross, AAR's Senior Vice President of Integrated Solutions. "Our rapid deployment teams provide on-demand expertise anywhere in the world."

For more information on AAR's government solutions, visit https://www.aarcorp.com/en/services/government-solutions/.

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 four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. Additional information can be found at 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, reflecting management's expectations about future conditions, including anticipated activities and benefits under the five-year contract. 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.

Contact:
Media Team
+1-630-227-5100
Editor@aarcorp.com

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SOURCE AAR CORP.

FAQ

What is the value of AAR's new contract with the U.S. Navy for P-8A Poseidon maintenance?

AAR (NYSE: AIR) has been awarded a five-year contract with an aggregate ceiling value of approximately $1.2 billion for P-8A Poseidon depot airframe maintenance and depot field team support.

What services will AAR provide under the P-8A Poseidon maintenance contract?

AAR will provide scheduled and unscheduled maintenance, in-service repair, technical directive incorporation, airframe modifications, and aircraft-on-ground (AOG) support for the P-8A Poseidon fleet.

Which customers will benefit from AAR's P-8A Poseidon maintenance services?

The contract covers services for the U.S. Navy, government of Australia, and foreign military sales (FMS) customers.

How long is the duration of AAR's new contract for P-8A Poseidon maintenance?

The contract awarded to AAR (NYSE: AIR) for P-8A Poseidon maintenance is a five-year indefinite delivery / indefinite quantity contract.

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