WOOD
DALE, Ill. , April 4,
2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading
provider of aviation services to commercial and government
operators, MROs, and OEMs, has announced an exclusive
multi-year commercial distribution agreement with TRIUMPH's Actuation Products & Services
business unit.
"This relationship will expand AAR's
offerings to the commercial aftermarket," said AAR's SVP of
Distribution.
Under the agreement, which commences in January of 2026, AAR
will exclusively distribute TRIUMPH's commercial actuation product line,
which includes more than 100 top-level assemblies and their
subcomponents used on various Boeing and Airbus commercial
platforms. AAR will support commercial airlines and MRO customers
through its global distribution network.
This new OEM distribution relationship complements AAR's
existing product offerings and customer base. Additionally,
TRIUMPH will benefit from AAR's
services and robust global sales force in efficiently executing the
delivery of inventory to customers.
"This relationship will expand AAR's offerings to the commercial
aftermarket on key Boeing and Airbus platforms," said Frank Landrio, AAR's Senior Vice President of
Distribution. "We are excited to distribute this product line as
part of the AAR product portfolio given TRIUMPH's reputation for quality."
For more information on AAR's distribution capabilities, visit
https://www.aarcorp.com/en/products/distribution/.
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 four
operating segments: Parts Supply, Repair & Engineering,
Integrated Solutions, and Expeditionary Services. Additional
information can be found at aarcorp.com.
About TRIUMPH
TRIUMPH, headquartered in
Radnor, Pennsylvania, designs,
develops, manufactures, repairs, and overhauls a broad portfolio of
aerospace and defense systems and components. The company serves
the global aviation industry, including original equipment
manufacturers and the full spectrum of military and commercial
aircraft operators.
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, reflecting management's expectations about future
conditions, including anticipated activities and benefits under the
commercial distribution agreement. 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.
|
Contact:
Media Team
Corporate Marketing and Communications
+1-630-227-5100
Editor@aarcorp.com
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SOURCE AAR CORP.