AAR and Defense Logistics Agency Land and Maritime sign Supply Chain Alliance, formalizing commitment to strengthening joint support of the warfighter
Rhea-AI Summary
AAR CORP. (NYSE: AIR) and the U.S. Defense Logistics Agency (DLA) Land and Maritime have signed a Supply Chain Alliance charter, formalizing their commitment to strengthen joint support for the nation's warfighter. This alliance advances a longstanding partnership and aims to enhance responsiveness, reduce customer wait time, and improve administrative lead time.
The official partnership provides AAR with a dedicated resource within the DLA to expedite contract award and execution processes. This is expected to enhance AAR's position in supporting OEM customers through increased efficiencies, including a streamlined contracting experience, reduction in labor hours, expedited product delivery, and opportunities for process improvement.
Positive
- Formalization of partnership with DLA Land and Maritime
- Dedicated DLA resource for expedited contract processes
- Potential for increased efficiencies in supporting OEM customers
- Opportunity for streamlined contracting and reduced labor hours
- Possible improvement in product delivery times
Negative
- None.
News Market Reaction
On the day this news was published, AIR gained 1.07%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
The charter advances a longstanding partnership between the entities and demonstrates a shared interest in enhancing responsiveness to the warfighter, customer wait time, and administrative lead time. The official partnership provides AAR a dedicated resource within the DLA to expedite contract award and execution processes. This enhances AAR's position to effectively support OEM customers through increased efficiencies, including a streamlined contracting experience, reduction in labor hours, expedited delivery of products, and an opportunity to aggregate process improvement measures.
"This DLA alliance recognizes AAR's commitment to provide value-added services and continue growing our strategic partnership," said Frank Landrio, AAR's Senior Vice President of Distribution. "We are proud to be recognized as a top provider of supply chain management solutions and continue executing on our joint strategies to provide the best product and service possible to the warfighter."
For more information on AAR's Distribution division, 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
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, reflecting management's expectations about future conditions, including anticipated activities and benefits resulting from the supply chain alliance. 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 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. For a discussion of these and other risks and uncertainties, refer to "Risk Factors" in our 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 the Company's control. The Company 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. |
Contact:
Media Team
+1-630-227-5100
Editor@aarcorp.com
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SOURCE AAR CORP.
FAQ
What is the significance of AAR's Supply Chain Alliance with DLA Land and Maritime?
How will the Supply Chain Alliance benefit AAR CORP. (NYSE: AIR)?
What improvements are expected from the AAR and DLA Land and Maritime alliance?
When was the Supply Chain Alliance charter between AAR and DLA Land and Maritime signed?
