AAR and Defense Logistics Agency Land and Maritime sign Supply Chain Alliance, formalizing commitment to strengthening joint support of the warfighter
PRNewswire 16-Sep-2024 4:05 PM
WOOD DALE, Ill., Sept. 16, 2024 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, and the U.S. Defense Logistics Agency (DLA) Land and Maritime signed a Supply Chain Alliance charter, formalizing a commitment to strengthening joint support of the nation's warfighter.
"This DLA alliance recognizes AAR's commitment to provide value-added services," said Landrio.
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 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 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.
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