Wood Dale, Illinois, April 27, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, was awarded the 2021 Secretary of Defense Performance-Based Logistics (PBL) Award for its Landing Gear PBL (LGPBL) Program. The Award acknowledges Government-industry teams that have demonstrated innovative sustainment solutions. The LGPBL Program is the largest commodity-level U.S. Air Force (USAF) PBL contract, supporting C-130, E-3, and KC-135 aircraft landing gear system sustainment.
As the prime contractor, AAR provides total supply chain support for these assets, directing procurement, inventory management, and commercial and USAF depot remanufacturing operations. The USAF-AAR team has driven industry best practices and innovation at the USAF Ogden landing gear remanufacturing facility, while balancing performance metrics and optimizing availability.
“The outstanding partnership between the USAF and AAR has generated increased readiness at a reduced cost,” said Lisa Smith, Deputy Assistant Secretary of Defense for Product Support. By aligning long-term product support planning and sustainment activities, the team has achieved a 97% reduction in Mission Impaired Capability Awaiting Parts (MICAPs), realized an 88% reduction in backorders, shortened requisition fulfillment times, repatriated remanufacturing workload to the USAF, and diversified the supply chain through new source identification and approval.
“The USAF-AAR team has developed and successfully delivered a pioneering PBL solution, leveraging commercial best practices to optimize C-130, E-3, and KC-135 mission readiness,” said Nick Gross, AAR Senior Vice President of Integrated Solutions. “AAR is honored to receive this award and looks forward to continuing our strong and effective partnership with the USAF.”
For more information about AAR’s government solutions, please visit aarcorp.com/integrated-solutions/government-solutions/.
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 two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair, and Overhaul (MRO) Services. AAR’s Expeditionary Services include Mobility Systems operations. Additional information can be found at 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 which reflect management’s expectations about future conditions. 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. |
