AAR signs exclusive foreign military distribution agreement with Pall Corporation

Rhea-AI Summary

AAR Corp. signs multi-year foreign military distribution agreement with Pall Corporation

Positive

• AAR Corp. gains exclusive rights to distribute and market select Pall products to foreign military customers worldwide (excluding Japan and South Korea)
• Collaborative venture promises to amplify sales reach and enhance service experience

Negative

• None.

Wood Dale, Illinois, Sept. 20, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed an exclusive multi-year foreign military distribution agreement with Pall Corporation.

This agreement grants AAR exclusive rights to distribute and market select Pall products to foreign military customers in worldwide territories, with the exception of Japan and South Korea. AAR will plan, stock, and actively promote Pall’s highly engineered filtration products and solutions.

Mark Morris, Senior Vice President of Global Sales for Pall’s aerospace business unit, expressed enthusiasm about the partnership, stating, “Pall is thrilled to join forces with AAR, bringing forth enhanced product availability through strategic forecasting and inventory planning. This collaborative venture promises to amplify our sales reach and provide our customers with an enhanced service experience.”


Frank Landrio, AAR’s Senior Vice President of Distribution, shares the sentiment, saying, “AAR looks forward to delivering a strong value proposition for Pall. We possess the processes, customer knowledge, and compliance program to meet the unique needs of this customer base. This strategic relationship complements AAR’s current offerings and adds leading filtration products to our international distribution portfolio.”

For more information on AAR’s Distribution division, which is part of the Company’s Parts Supply segment, visit https://www.aarcorp.com/en/products/distribution/.

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.

About Pall
Pall Corporation is a filtration, separation and purification leader providing solutions to meet the critical fluid management needs of global customers across the broad spectrum of industries. Pall works with customers to advance health, safety, and environmentally responsible technologies. The Company’s engineered products enable process and product innovation and minimize emissions and waste. For more information visit www.pall.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 expected benefits under the distribution agreement. 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.