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AAR awarded new mobility solutions contract by Defense Logistics Agency Troop Support

1. AAR Corp. received an $85 million contract from the Defense Logistics Agency. 2. The contract includes a one-year base period and four option years. 3. AAR provides mobility solutions used by global operators including various U.S. military branches. 4. This relationship highlights AAR's longstanding commitment to government logistics support. 5. The company has over 30 years of experience in mobility solutions.

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FAQ

Why Bullish?

This contract signals robust demand for AAR's services, possibly improving revenue. Historical parallels indicate that government contracts can significantly boost stock prices.

How important is it?

The contract's significant value and duration could drive investor confidence and stock performance. Consistent revenue generation from government contracts is a strong positive signal.

Why Long Term?

The multi-year duration of the contract ensures steady revenue streams. Similar past contracts have led to sustained growth for AAR over time.

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Resources Blog Journalists Client Login Send a Release News Products Contact , /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has been awarded a new contract to provide mobility solutions to the Defense Logistics Agency Troop Support.The indefinite-delivery/indefinite-quantity contract includes a one-year base period and four one-year option periods with a total value of up to $85 million. The firm-fixed contract permits the government to order a comprehensive suite of specialized shipping and storage containers, shelters, and accessories. AAR’s mobility solutions are used by operators worldwide. Proud of its consistent performance in quality and customer service, AAR manufactures versatile, lightweight solutions that enhance the user's ability to move personnel and equipment in support of operational requirements. Customers include the U.S. Army, Navy, Air Force, Marine Corps, and other federal civilian agencies. "AAR has provided mobility solutions to the U.S. government for more than 30 years and is grateful for their continued confidence and support," said Mike Ritter, AAR's Vice President and General Manager of Mobility Systems. "Our proven, field-tested solutions support evolving logistical challenges faced by today's warfighters."For more information on AAR's Mobility Systems, visit aarcorp.com.About AARAAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. Additional information can be found at aarcorp.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, including anticipated activities and benefits under the contract and our ability to continue supporting evolving logistical challenges faced by our mobility solutions customers. 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. Contact:Media Team+1-630-227-5100[email protected]SOURCE AAR CORP. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In Also from this source

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