Business News

AAR Receives $26 Million Order for Container Roll-In/Out Platforms

2008-07-15 12:00:00

    WOOD DALE, Ill., July 15 /EMWNews-FirstCall/ -- AAR CORP. (NYSE:

AIR) announced today that it has received an order to provide containerized

roll-in/out platforms (CROP) for the U.S. Army, valued at $26 million.

    The specialized equipment, which is used primarily to transport

ammunition, will be manufactured by AAR SUMMA Technology in Cullman,

Alabama through June 2011. The order was placed as part of a five-year

requirements contract that was established in 2005.

    AAR SUMMA Technology is a leading provider of high-end sub-systems and

precision machining, fabrication, welding and engineering services. AAR

SUMMA Technology currently provides complex machined parts and assemblies

for the F-35, F-22, F-16, F-18, C-130, Gulfstream Aircraft, Expeditionary

Fighting Vehicle (EFV) and various missile and space programs.

Headquartered in Huntsville, Alabama, AAR SUMMA Technology operates

additional facilities in Cullman, Alabama and Lebanon, Kentucky, totaling

over 420,000 square feet of manufacturing space.

    AAR is a leading provider of products and value-added services to the

worldwide aerospace and defense industry. With facilities and sales

locations around the world, AAR uses its close-to-the-customer business

model to serve aviation and defense customers through four operating

segments: Aviation Supply Chain; Maintenance, Repair and Overhaul;

Structures and Systems and Aircraft Sales and Leasing. More information can

be found at

    This press release contains certain statements relating to future

results, which are forward-looking statements as that term is defined in

the Private Securities Litigation Reform Act of 1995. These forward-looking

statements are based on beliefs of Company management, as well as

assumptions and estimates based on information currently available to the

Company, and are subject to certain risks and uncertainties that could

cause actual results to differ materially from historical results or those

anticipated, including those factors discussed under Item 1A, entitled

"Risk Factors", included in the Company's May 31, 2007 Form 10-K. Should

one or more of these risks or uncertainties materialize adversely, or

should underlying assumptions or estimates prove incorrect, actual results

may vary materially from those described. These events and uncertainties

are difficult or impossible to predict accurately and many are beyond the

Company's control. The Company assumes no obligation to publicly release

the result of any revisions that may be made to any forward-looking

statements to reflect events or circumstances after the date of such

statements or to reflect the occurrence of anticipated or unanticipated

events. For additional information, see the comments included in AAR's

filings with the Securities and Exchange Commission.

Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89

Get Unlimited Organic Website Traffic to your Website now offers Organic Lead Generation & Traffic Solutions

Senny Lorry

My great passion is bringing healing to people who have been through a traumatic/stressful experience. I help my clients, who include children, adults and families, to find healthy perceptions of themselves and strengthen their relationships so they can know themselves as peaceful, complete, whole and safe. Senny is our CrowdFunding Specialist

Related Articles

Check Also
Back to top button