AAR (NYSE: AIR) announces United States Transportation Command (USTRANSCOM) has issued its Airlift Group subsidiary an extension on an existing contract for rotary wing services in Afghanistan.
The extension, which is valid for up to nine months of service, is currently funded for a period of six months at a total value of $33.5 million. Under the contract, which was first awarded in September 2010, Airlift Group provides maintenance, logistics, and flight operations for four rotary wing aircraft conducting passenger and cargo movements in support of U.S. Central Command forces.
“AAR Airlift Group has been operating successfully in this region for over 10 years. We are pleased to have earned the Defense Department’s confidence and honored to continue our support of America’s service men and women,” said Steven B. Harrison, President of AAR Airlift Group.
Source: AAR Corporation (NYSE: AIR)
Date: May 23, 2016