AAR Naval Replenishment Contract Extended
Military Sealift Command Exercises Option Year with Airlift Group
WOOD DALE, Illinois, October 2, 2014 – AAR (NYSE: AIR) announces the Military Sealift Command (MSC) has exercised a one-year renewal option for its Airlift division to perform vertical replenishment (VERTREP) services for U.S. Naval vessels in the Western Pacific and Indian Oceans.
The one-year renewal is valued at approximately $15 million. The contract was awarded to AAR in 2011, for an estimated total value of $77 million. AAR has delivered VERTREP services to MSC since 2007.
Under the agreement, AAR will support the 5th and 7th Fleets by providing ship-to-shore replenishment, deep offshore underway replenishment, search and rescue (SAR), passenger transport, and other airlift support as required. The contract includes the use of four helicopters, personnel, and operational and technical support services.
“AAR is proud to be the premier commercial provider of deep offshore replenishment services,” said Randy J. Martinez, President and CEO, AAR Airlift Group. “We have an excellent record of safety, reliability and responsiveness to the dynamic needs of this mission, which ensures U.S. forces have the critical supplies they need at sea.”
Military Sealift Command is the leading provider of ocean transportation for the Navy and the U.S. Department of Defense, operating approximately 110 ships daily around the globe.
AAR Airlift provides expeditionary airlift services in support of contingency operations worldwide. The Company provides passenger and cargo transport, aeromedical services, night vision operations, SAR and other special mission services. AAR Airlift’s fleet of fixed-wing and rotary-wing aircraft serves the U.S. Department of Defense in Afghanistan, Africa, and the Western Pacific and Indian Oceans.
AAR is a global aerospace and defense contractor that employs more than 6,000 people in 17 countries. Based in Wood Dale, Illinois, AAR supports commercial, government and defense customers through two operating segments: Aviation Services and Technology Products. AAR’s services include inventory management and parts distribution; aircraft maintenance, repair and overhaul; and expeditionary airlift. AAR’s products include cargo systems and containers; mobility systems and shelters; advanced aerostructures; and command and control systems. More information can be found at www.aarcorp.com.
Aviation Week was not involved in the creation of this press release.