AAR secures USD 118m 2-year contract from NAVAIR for 737 aircraft

Illinois-based aviation services provider AAR (NYSE: AIR) has announced it has secured a new USD 118.6 million contract with the Naval Air Systems Command (NAVAIR) to deliver two 737 aircraft and associated support equipment to the US Marine Corps (USMC), the company said.

The firm-fixed price contract, estimated to last two years, entails the acquisition, modification, acceptance and delivery of two 737-700 Increased Gross Weight (IGW) series commercial aircraft. The aircraft will meet USMC C-9B replacement medium lift requirements and be designated as C-40A aircraft when delivered. AAR leveraged expertise across its Government Programs, Parts Supply and MRO activities within the Aviation Services segment to deliver this innovative solution to NAVAIR.

AAR will manage the program and provide parts distribution from the company´s headquarters in Wood Dale, Illinois, perform engineering out of the Indianapolis MRO facility, and provide maintenance and modification services at the Oklahoma City MRO and Miami Landing Gear Services facilities.

AAR is a global aerospace and defense aftermarket solutions company that employs more than 6,000 people in over 20 countries. AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services.