AAR Mobility Systems awarded a $125 million sole source firm-fixed-price (FFP) contract from the US Air Force to produce and repair 463L Cargo Pallets
AAR Corp. (AIR)
Last aar corp. earnings: 3/24 04:05 pm
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Source: GlobeNewswire
CADILLAC, Michigan, April 27, 2020 (GLOBE NEWSWIRE) -- AAR’s (NYSE: AIR) Mobility Systems division, a leading global supplier of rapid deployment equipment, has been awarded a sole source firm-fixed-price (FFP) requirements contract that includes a base year with four one year option periods from the U.S. Air Force for the production and repair of 463L cargo pallets. The total contract value is $125 million. The cargo pallets will be manufactured and repaired in Cadillac, Michigan. “AAR continues to produce and maintain this strategic asset for the U.S. Air Force to ensure it meets its worldwide operational requirements,” said Lee Krantz, Senior Vice President, AAR Mobility Systems. “For many years, AAR has been proud to provide the 463L cargo pallet to the U.S. Armed Forces, its allies, and other U.S. Government agencies.” AAR has been proud to provide the 463L systems cargo pallets to the U.S. Armed Forces and continues to be the world leader in design and production. The 463L
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AIR
Earnings
- 3/21/24 - Beat
AIR
Sec Filings
- 4/11/24 - Form 4
- 4/9/24 - Form 144
- 4/4/24 - Form 4
- AIR's page on the SEC website