AAR adds Woodward, Inc. (66503) distribution support under Supplier Capability Contract with DLA Aviation
11 Diciembre 2023 - 3:05PM
AAR CORP. (NYSE: AIR), a leading provider of aviation services to
commercial and government operators, MROs, and OEMs, has added
distribution support of select Woodward, Inc. (Woodward) parts
under its Supplier Capability Contract with DLA Aviation.
Under this multiple year agreement, AAR will supply DLA with
spare parts from Woodward’s fuel control product family to which
AAR holds an exclusive distribution agreement with Woodward as the
single source of supply to the government for items sole source to
Woodward in support of various military aircraft platforms. AAR
will provide comprehensive and integrated supply chain management
support and perform associated supply chain management functions to
maximize the availability of parts to DLA. The relationship reduces
supply volatility through improved material availability.
In 2022, AAR was the first non-OEM to be awarded the 20-year
base Supplier Capabilities Contract with the Defense Logistics
Agency (DLA), establishing a strategic relationship to provide
total global supply chain support to the DOD and to
U.S. allies.
“AAR is proud to grow our strategic partnership with the DLA
under our Supplier Capabilities Contract,” said Frank Landrio,
AAR’s SVP of Distribution. “Our new Woodward agreement will enhance
the level of support we provide the U.S. government and help
promote increased warfighter readiness.”
For more information on AAR’s Distribution division, which is
part of the Company’s Parts Supply segment, visit
https://www.aarcorp.com/en/products/distribution/.
About AARAAR 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 four operating segments: Parts Supply,
Repair & Engineering, Integrated Solutions, and Expeditionary
Services. Additional information can be found at aarcorp.com.
About Woodward, Inc.Woodward is the global leader in the
design, manufacture, and service of energy conversion and control
solutions for the aerospace and industrial equipment markets.
Together with our customers, we are enabling the path to a cleaner,
decarbonized world. Our innovative fluid, combustion, electrical,
propulsion and motion control systems perform in some of the
world’s harshest environments. Woodward is a global company
headquartered in Fort Collins, Colorado, USA. Visit our website at
www.woodward.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,
including expected activities and benefits under the agreements.
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. |
Media Team
AAR CORP.
+1-630-227-5100
Editor@aarcorp.com
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