WOOD DALE, Ill., April 22 /PRNewswire-FirstCall/ -- AAR CORP. (NYSE: AIR)
announced today that it has been awarded $24 million in contracts for mobility
shelters to support various defense customers including the U.S. Army, U.S.
Marine Corps and the Michigan National Guard. AAR Mobility Systems will
manufacture the shelters at its production facility in Cadillac, Mich., and
AAR's manufacturing centers in Goldsboro, N.C., and Sacramento, Calif.
Deliveries are scheduled over the next 12-18 months.
"AAR is proud to support our defense customers with products that meet a
wide range of mobility requirements in a variety of dynamic tactical
environments," said Terry Stinson, Group Vice President of AAR's Structures &
Systems segment. "These specialized shelters can be customized to provide
mobile, self-contained facilities that contribute to the responsiveness, rapid
deployment and sustainability of our armed forces."
AAR's mobility shelters can be outfitted to serve various purposes. The
U.S. Marine Corps will utilize the Company's standard 20' ISO shelter as small
arms repair and maintenance facilities. The U.S. Army has contracted SFA,
Inc. to outfit the shelters as field kitchens and Kipper Tool Company to
provide Standard Automotive Tool Sets. The Michigan National Guard has
ordered Expandable Light Air Mobile Shelters (ELAMS), which will be deployed
as portable command and control centers.
AAR Mobility Systems is a leading global supplier of rapid deployment
equipment and mobile tactical shelters designed to transport troops and
equipment into theaters of operation and sustain in-theater activity. AAR
provides ongoing product support through a network of service centers, field
service teams and strategic partners.
AAR is a leading provider of products and value-added services to the
worldwide aerospace and defense industry. With facilities and sales locations
around the world, AAR uses its close-to-the-customer business model to serve
aviation and defense customers through four operating segments: Aviation
Supply Chain; Maintenance, Repair and Overhaul; Structures and Systems and
Aircraft Sales and Leasing. More information can be found at
http://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 May 31, 2007 Form 10-K. 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 publicly release the result of any revisions that may
be made to 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.
SOURCE AAR CORP.
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