WOOD DALE, Ill. , Sept. 26, 2024 /PRNewswire/ -- AAR CORP.
(NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has been awarded a five-year indefinite delivery / indefinite quantity contract with an aggregate ceiling value of approximately $1.2 billion by the U.S.
Navy's Naval Air Systems Command (NAVAIR) to perform engine depot maintenance and repair for its P-8A Poseidon Aircraft fleet. This new award follows a recently announced award under which AAR will continue to perform P-8A airframe maintenance for the U.S.
Navy. Beginning October 2024 , AAR, along with strategic partner Delta TechOps, will provide program management, supply chain management, engineering support, and maintenance and repair services to increase engine asset availability for the Navy's growing fleet. The additional engine maintenance capability achieved through this partnership with AAR will enable the U.
S. Navy to continue flying the P-8A and complete its vital national security mission. This contract is an important step forward in AAR's strategy to grow and advance its commercial derivative business through the delivery of integrated solutions.
It is also expected to increase the volume of engine part sales in the Company's Part Supply segment. "AAR's tailored solutions integrate government and commercial capabilities to provide parts supply, maintenance, and other services to meet customers' unique mission-critical needs," said Nicholas Gross.
