WOOD DALE, Ill., April 22 /PRNewswire-FirstCall/ -- AAR CORP. (NYSE: AIR)announced today that it has been awarded $24 million in contracts for mobilityshelters to support various defense customers including the U.S. Army, U.S.Marine Corps and the Michigan National Guard. AAR Mobility Systems willmanufacture the shelters at its production facility in Cadillac, Mich., andAAR'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 awide range of mobility requirements in a variety of dynamic tacticalenvironments,' said Terry Stinson, Group Vice President of AAR's Structures &Systems segment. 'These specialized shelters can be customized to providemobile, self-contained facilities that contribute to the responsiveness, rapiddeployment and sustainability of our armed forces.'
AAR's mobility shelters can be outfitted to serve various purposes. TheU.S. Marine Corps will utilize the Company's standard 20' ISO shelter as smallarms repair and maintenance facilities. The U.S. Army has contracted SFA,Inc. to outfit the shelters as field kitchens and Kipper Tool Company toprovide Standard Automotive Tool Sets. The Michigan National Guard hasordered Expandable Light Air Mobile Shelters (ELAMS), which will be deployedas portable command and control centers.
AAR Mobility Systems is a leading global supplier of rapid deploymentequipment and mobile tactical shelters designed to transport troops andequipment into theaters of operation and sustain in-theater activity. AARprovides ongoing product support through a network of service centers, fieldservice teams and strategic partners.
AAR is a leading provider of products and value-added services to theworldwide aerospace and defense industry. With facilities and sales locationsaround the world, AAR uses its close-to-the-customer business model to serveaviation and defense customers through four operating segments: AviationSupply Chain; Maintenance, Repair and Overhaul; Structures and Systems andAircraft Sales and Leasing. More information can be found athttp://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 PrivateSecurities Litigation Reform Act of 1995. These forward-looking statementsare based on beliefs of Company management, as well as assumptions andestimates based on information currently available to the Company, and aresubject to certain risks and uncertainties that could cause actual results todiffer materially from historical results or those anticipated, includingthose factors discussed under Item 1A, entitled 'Risk Factors', included inthe Company's May 31, 2007 Form 10-K. Should one or more of these risks oruncertainties materialize adversely, or should underlying assumptions orestimates prove incorrect, actual results may vary materially from thosedescribed. These events and uncertainties are difficult or impossible topredict accurately and many are beyond the Company's control. The Companyassumes no obligation to publicly release the result of any revisions that maybe made to any forward-looking statements to reflect events or circumstancesafter the date of such statements or to reflect the occurrence of anticipatedor unanticipated events. For additional information, see the commentsincluded in AAR's filings with the Securities and Exchange Commission.
SOURCE AAR CORP.
