AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced the U.S. Air Force recently awarded the Company two major pallet contracts with a combined value of up to approximately $450 million.
Under a sole-source $160 million firm-fixed-price, indefinite-delivery requirements contract, AAR will provide repair services for the 463L Legacy Cargo Pallet. The work is expected to be completed by March 2031.
Under a separate $290 million sole-source requirements contract, AAR will manufacture and produce 463 legacy air cargo pallets. The work is expected to be completed by March 2032.
The 463L Pallet is the standard pallet used by the U.S. Air Force to transport concentrated cargo and is designed to be used with the dual-rail cargo systems on military transport aircraft. AAR has been the primary supplier of 463L Pallets to the U.S. Air Force since 1963.
“Government contracts are core to AAR’s diversified business model. For decades, AAR has proudly met the pallet needs of the U.S. government, and these additional awards extend our services into 2032, bringing support and stability wherever they are needed worldwide,” said Tom Hoferer, AAR’s Senior Vice President of Repair & Engineering.
