AAR adds Unison products under DLA Aviation Supplier Capabilities Contract
Rhea-AI Summary
AAR CORP. (NYSE: AIR) has expanded its Supplier Capabilities Contract with Defense Logistics Agency (DLA) Aviation to include distribution support for select Unison parts. The multi-year agreement leverages AAR's exclusive distribution capabilities for sole source spare parts manufactured by Unison, supporting various military aircraft platforms.
This strategic expansion builds upon AAR's landmark achievement in 2022 when it became the first non-OEM awarded a 20-year base Supplier Capabilities Contract with the DLA. The partnership aims to provide comprehensive supply chain management support and reduce supply volatility through improved material availability for the Department of Defense and U.S. allies.
Positive
- Secured exclusive distribution rights for Unison military aircraft parts
- Expansion of existing 20-year DLA contract
- Strategic enhancement of government supply chain services
- Potential for increased revenue through expanded product offerings
Negative
- None.
News Market Reaction
On the day this news was published, AIR declined 0.90%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
This multiple year agreement leverages AAR's exclusive distribution capabilities for sole source spare parts manufactured by Unison in support of various military aircraft platforms. AAR will provide comprehensive and integrated supply chain management support and perform associated functions to maximize the availability of parts to the DLA. This relationship reduces supply volatility through improved material availability.
In 2022, AAR was the first non-OEM to be awarded a 20-year base Supplier Capabilities Contract with the DLA, establishing a strategic relationship to provide total global supply chain support to the Department of Defense and to U.S. allies.
"AAR is proud to further grow our strategic partnership with the DLA through this new agreement," said Frank Landrio, AAR's Senior Vice President of Distribution. "Expanding our product offerings under our Supplier Capabilities Contract to include Unison's proprietary parts will enhance the level of support we provide the
For more information on AAR's Distribution division, which is part of the Company's Parts Supply segment, visit https://www.aarcorp.com/en/products/distribution/.
About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the
About Unison
Unison, a GE Aerospace company, is a leading global supplier of complex gas turbine engine components and electrical & mechanical systems. Unison supplies nearly every engine and airframe program, providing the most advanced performance solutions for a wide variety of markets including aviation, space and defense. Unison is a global company, employing more than 2,000 people across eight major manufacturing and overhaul/repair locations as well as engineering centers and supporting sites worldwide. For more information, visit unisonindustries.com.
This press release may contain 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, reflecting management's expectations about future conditions. Forward-looking statements may also be identified because they contain words such as ''anticipate,'' ''believe,'' ''continue,'' ''could,'' ''estimate,'' ''expect,'' ''intend,'' ''likely,'' ''may,'' ''might,'' ''plan,'' ''potential,'' ''predict,'' ''project,'' ''seek,'' ''should,'' ''target,'' ''will,'' ''would,'' or similar expressions and the negatives of those terms. These forward-looking statements are based on beliefs of management, as well as assumptions and estimates based on information currently available to management and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. For a discussion of these and other risks and uncertainties, refer to "Risk Factors" in AAR CORP.'s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. 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 management's control. Management assumes no obligation to update 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. |
AAR media contact:
Media Team
+1-630-227-5100
Editor@aarcorp.com
Unison media contact:
Michelle Becker
Sr. Director of Communications
M: +1 (904) 927-0441
Michelle.Becker1@UnisonIndustries.com
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SOURCE AAR CORP.
FAQ
What is the significance of AAR's expanded DLA contract to include Unison parts?
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