AAR (NYSE: AIR) announced today that the Company's Airlift business was selected to renew its support in Western and Central Africa. The renewal is valued at approximately $9 million in revenue and will run through mid-June 2013. AAR Airlift supports this requirement as a subcontractor to ACADEMI, LLC.
The contract renewal calls for AAR to transport personnel and supplies using two fixed-wing aircraft to support U.S. Army Space and Missile Defense Command (SMDC) and U.S. Department of Defense Counter Narco-Terrorism Program Office (CNTPO) operations.
"This renewal signals the confidence our dedicated pilots and support teams have earned by providing reliable support in austere environments," said Randy J. Martinez, President, AAR Airlift Group. "We are very proud to provide airlift support for the U.S. Government and its allies in this region as an integral part of our nation's extended transportation and logistics capability."
Source: AAR Corporation (NYSE: AIR)
Date: Jan 24, 2013