WOOD DALE, Ill., Aug. 13 /PRNewswire-FirstCall/ -- AAR (NYSE: AIR)
announced today that it has received a $74 million order for shelters to be
used by the U.S. Army. AAR has previously delivered more than 400 of these
uniquely configured shelters as part of a 10-year ID/IQ contract.
AAR's 20-foot non-expandable ISO shelters will be outfitted by Kipper Tool
to serve as mobile tool shops to support vehicle maintenance. The shelters
will be manufactured over the next 12 months and the Army will begin taking
delivery in December 2008.
'Today's high-mobility military units rely on equipment that can be
deployed quickly and moved efficiently in theater,' said Timothy J. Romenesko,
President and Chief Operating Officer of AAR CORP. 'We are proud that AAR
shelters are part of several modernized combat support systems that are
helping our Warfighters perform their duties more effectively under very
demanding conditions.'
The shelters are being manufactured by AAR Mobility Systems, which
designs, builds, integrates, and supports rapid deployment equipment,
expeditionary systems, and command and control systems for military customers
and prime contractors. AAR's CSC-certified ISO shelters are rugged, versatile,
shelters available in non-expandable and expandable variants that can be
configured to house a wide range of applications and transported via air, land
or sea.
During AAR's fiscal year 2008, 37 percent of AAR's business was in support
of defense customers. AAR was also recently included among the Top 100 defense
companies in the world according to an annual ranking published by DefenseNews
in August 2008.
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, 2008 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