AAR (NYSE: AIR) announced today that the U.S. Transportation Command (USTRANSCOM) awarded its Airlift division a contract to provide dedicated fixed-wing lift services to U.S. Africa Command (USAFRICOM) throughout four Central African countries.
The contract, which includes a base period of seven months plus five three-month option periods, is valued at approximately $23 million in revenue. Under the agreement, AAR will perform fixed-wing passenger and cargo transport services, aerial delivery services, and logistics support for allied forces.
USTRANSCOM is the Department of Defense’s agency responsible for the transportation, sustainment, and distribution to the nation’s warfighters. Its responsibilities include the procurement of commercial transportation services for U.S. military forces.
“AAR is pleased to expand our airlift services footprint in Africa,” said Randy J. Martinez, President and CEO, AAR Airlift Group. “USTRANSCOM’s issuance of this contract to AAR acknowledges our proven performance in remote and austere environments.”
AAR provides expeditionary airlift services in support of contingency operations worldwide. The Company currently operates a fleet of more than 40 fixed-wing and rotary-wing aircraft to transport personnel, supplies, and mail for the U.S. Department of Defense in Afghanistan and the Western Pacific.
Source: AAR Corporation (NYSE: AIR)
Date: Dec 2, 2013