StandardAero to Continue U.S. Air Force T56 Engine Depot Maintenance Support for C-130 Aircraft Globally

StandardAero (NYSE: SARO) has been awarded a position on the U.S. Air Force’s new T56 engine depot maintenance contract, a 10-year IDIQ, firm-fixed-price agreement with a maximum ceiling of $342.2 million.

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New multi-year contract builds on more than 25 years of partnership with USAF on T56 platform

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- StandardAero (NYSE: SARO), a leading independent pure-play provider of aerospace engine aftermarket services including engine maintenance, repair and overhaul (MRO) and engine component repair, has been awarded a position on the U.S. Air Force’s new T56 engine depot maintenance contract, reinforcing the company’s long-standing partnership with the U.S. Air Force and its leadership in Rolls-Royce T56 engine maintenance, repair and overhaul (MRO).

The 10-year, indefinite-delivery/indefinite-quantity (IDIQ), firm-fixed-price contract has a maximum ceiling value of $342.2 million. Through this contract, StandardAero will provide depot-level repair and overhaul of T56 Series engines, modules and components for the global fleet of more than 1,200 C-130 aircraft for U.S. Air Force, U.S. Navy and Foreign Military Sales (FMS) customers.

“StandardAero is honored to continue our partnership with the U.S. Air Force in support of the T56 engine program,” said Rick Pataky, Vice President and General Manager of StandardAero San Antonio. “Having supported the Air Force’s T56 fleet for more than 25 years, this award reflects our team’s proven technical expertise, commitment to mission readiness and ability to deliver dependable, high-quality MRO solutions for military operators around the world.”

StandardAero’s partnership with the U.S. Air Force T56 program began in 1999. StandardAero is the world’s largest independent provider of T56 engine MRO services and continues to provide sustainment support for Foreign Military Sales operators in partnership with the U.S. Air Force. StandardAero also has played a pivotal role in modernizing the Air Force’s T56 fleet, having completed the conversion of USAF T56 Series 3 engines to the enhanced Series 3.5 configuration. The upgrade delivers improved fuel efficiency while extending engine time on wing, helping reduce lifecycle costs and increasing aircraft availability for critical missions.

This latest contract award further strengthens StandardAero’s position as a trusted partner for maintaining military propulsion systems and underscores the company’s continued commitment to supporting the readiness of U.S. and allied defense forces for years to come.

StandardAero is a leading independent pure-play provider of aerospace engine aftermarket services for fixed- and rotary-wing aircraft, serving the commercial, military and business aviation end markets. StandardAero provides a comprehensive suite of critical, value-added aftermarket solutions, including engine maintenance, repair and overhaul, engine component repair, on-wing and field service support, asset management and engineering solutions. StandardAero is an NYSE listed company under the ticker symbol SARO. For more information about StandardAero, go to www.standardaero.com.

Forward-Looking Statements
This press release contains forward-looking statements that involve substantial risks and uncertainties. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. In some cases, you can identify forward-looking statements by the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will” or “would” and/or the negative of these terms, or other comparable terminology intended to identify statements about the future. These statements include statements regarding our intentions, beliefs or current expectations concerning, among other things, the contract value of the new T56 engine depot maintenance contract with the U.S. Air Force, our results of operations, financial condition, liquidity, prospects, growth and strategies. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Factors that could cause actual results to differ materially from those forward-looking statements include, among others, risks described in our Annual Report on Form 10-K for the year ended December 31, 2025 and our other filings with the Securities and Exchange Commission. As a result of these factors, we cannot assure you that the forward-looking statements in this press release will prove to be accurate. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by us or any other person that we will achieve our objectives or plans in any specified time frame or at all. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. Forward-looking statements speak only as of the date of this press release. We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260817006202/en/

Media Contact:
Jake Saylor, VP Marketing & Communications
+1 602-209-1029
Jake.saylor@standardaero.com

Investor Contact:
Rama Bondada, SVP Investor Relations
+1 480-377-3196
Rama.bondada@standardaero.com

Source: StandardAero

Key Terms

mro technical

MRO stands for Maintenance, Repair, and Operations, referring to the supplies and services companies provide to keep machinery, buildings, and infrastructure functioning smoothly. These essentials are vital for ongoing business activities, much like routine car maintenance keeps a vehicle running reliably. Investors pay attention to MRO companies because their performance reflects the health of industries that rely heavily on regular upkeep and support services.

indefinite-delivery/indefinite-quantity regulatory

An indefinite-delivery/indefinite-quantity (IDIQ) contract is a purchasing agreement used mainly by governments where the buyer commits to buy goods or services over a set time but does not specify exact quantities or delivery dates up front. For investors this matters because an IDIQ can create a steady pipeline of potential orders and recurring revenue like a standing grocery list a store can draw from, while leaving total future sales and timing uncertain.

idiq regulatory

An IDIQ (Indefinite Delivery/Indefinite Quantity) is a type of government procurement contract that sets terms and maximum limits for buying goods or services over a period without specifying exact delivery dates or quantities up front. For investors, an IDIQ signals a potential steady revenue stream and easier repeat business because it gives a company preferred access to future orders under agreed terms—think of it as a standing shopping account that can generate unpredictable but recurring sales.

firm-fixed-price financial

A firm-fixed-price contract sets a single, unchanging price for goods or services that the seller must deliver, regardless of how much those costs rise or fall during performance. For investors, this matters because the buyer bears little cost uncertainty while the seller absorbs any cost overruns, which can make revenue more predictable but can squeeze profit margins if expenses increase—think of agreeing to buy a product at a set price even if the seller’s costs go up.

foreign military sales regulatory

Foreign military sales are transactions where one country sells military equipment, technology, or services to another country. These sales often involve government agreements and can influence international relationships and stability. For investors, understanding foreign military sales can indicate geopolitical stability and potential shifts in defense-related industries or government spending.