AAR Awarded 7-Year Engine MRO Contract for the Royal Danish Air Force
22 January 2019
WOOD DALE, Ill., Jan. 17, 2019 /PRNewswire/ -- AAR (NYSE: AIR), an independent provider of global aftermarket aviation services, has been awarded a seven-year contract by the Danish Defence Acquisition and Logistics Organisation (DALO) to perform maintenance, repair and overhaul of Pratt & Whitney F100-220 engine components on the General Dynamics F-16 for the Royal Danish Air Force (RDAF).
"We are proud to continue our trusted long-term partnership with the Royal Danish Air Force. This contract reflects our strong relationship, continued focus on exceeding customer expectations and shared core values with the RDAF," said Eric Bron, General Manager of AAR's MRO Services Component Repair Amsterdam. "AAR delivers tailored services and capabilities based on commercial best practices that result in quality work and cost savings for the customer."
"This contract is part of our strategy to sustain the F-100 engine components for the remaining lifetime of the F-16 within the Danish Air Force. We are looking forward to continuing our good relationship with AAR for the years to come," said Peter Laustsen, Branch Chief F-16 - Ballerup.
AAR's MRO Services Component Repair Amsterdam facility has been supporting European Participating Air Forces (EPAF) as either a prime or a subcontractor performing repair management, component maintenance, supply chain and depot services for more than three decades.
The Danish Ministry of Defence Acquisition and Logistics Organisation (DALO) is the logistics authority of the Danish Defence. The organization procures, maintains, develops and disposes materiel capacities and ensures provisions in due time for the Danish Defence operations.
DALO's yearly budget is approximately 7 billion DKK. The funds are used to provide efficient support primarily to international operations and operational units within the Danish Armed Forces. DALO has approximately 1,900 employees with headquarters in Ballerup near Copenhagen.
AAR is a global aerospace and defense aftermarket solutions company that employs more than 6,000 people in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR's Aviation Services include parts supply; OEM solutions; integrated solutions; maintenance, repair, overhaul; and engineering. AAR's Expeditionary Services include mobility systems and composite manufacturing operations. Additional information can be found at 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 Form 10-K for the fiscal year ended May 31, 2018. 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. For additional information, see the comments included in AAR's filings with the Securities and Exchange Commission.
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