AAR (NYSE: AIR) announces that the United States Transportation Command (USTRANSCOM) has exercised a renewal option valued at approximately $156 million for airlift support in Afghanistan through October 31, 2014.
The USTRANSCOM renewal extends AAR's mission-critical support of the U.S. military under a contract awarded in September 2010. AAR will meet the requirements using 10 rotor-wing aircraft from its fleet. The U.S.-based defense contractor transports people, cargo and mail for U.S. Department of Defense (DoD) and NATO operations in Afghanistan.
"We are proud of our role as the largest provider of airlift for the U.S. government and its allies in Afghanistan and to serve as an integral part of our nation's logistics capability," said Randy J. Martinez, President and CEO of AAR Airlift Group. "This renewal reflects the excellent work of our pilots and support teams and the confidence they have earned supporting USTRANSCOM and Department of Defense operations."
USTRANSCOM provides transportation solutions over air, land and sea in support of national security and non-governmental logistical requirements approved by the U.S. government and secretary of defense.
Source: AAR Corporation (NYSE: AIR)
Date: Nov 7, 2013