AAR (NYSE: AIR) announced today that the United States Transportation Command (USTRANSCOM) has exercised a renewal option for through May 31 of 2013. The option has a value of $104 million and is part of a task order awarded to AAR in June 2010.
The Company’s AAR Airlift operating unit will continue to support the requirement using 15 fixed-wing aircraft from its fleet. The Company provides both fixed-wing and rotary-wing aircraft, related personnel, equipment and maintenance to transport personnel, cargo and mail for U.S. Department of Defense and NATO operations in Afghanistan.
“We are proud of our role as the largest independent provider of airlift for the U.S. Government and its allies in Afghanistan and to serve as an integral part of our nation’s transportation and logistics capability,” said Randy J. Martinez, President of AAR Airlift and Group Vice President, with AAR CORP. “This renewal acknowledges the dedication and work of our pilots and support teams and the confidence that they have earned from USTRANSCOM and the Department of Defense.”
The mission of USTRANSCOM is to direct deployment and distribution in support of national security capabilities and to provide end-to-end process visibility and responsive support of joint, U.S. government and Secretary of Defense-approved multinational and non-governmental logistical requirements.
AAR’s Airlift Group provides expeditionary airlift services and performs specialized aircraft modifications for defense, security and humanitarian relief operations. Under current contracts, the Company provides airlift for the Department of Defense (DoD) in three regions around the world, transporting personnel, supplies and mail over land and at sea.