WOOD
DALE, Ill., March 10,
2025 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading
provider of aviation services to commercial and government
operators, MROs, and OEMs, announced that its Component Services
facility in Amsterdam has been
named a "Best Source of Repair" and ranked number one among all
component source of repair (SOR) facilities by the NATO Support and
Procurement Agency (NSPA) and the International Aerospace
Management Company (IAMCO). Both organizations manage maintenance
work for NATO.
AAR's Component Services facility in Amsterdam is recognized for its superior
product quality, timely delivery, quality assurance services, and
component support on the NATO Airborne Warning and Control System
(AWACS) fleet.
"We are honored to receive this prestigious recognition once
again as a testament to the hard work, dedication, and passion of
our entire team," said Arnold
Koster, AAR's General Manager of Component Services –
Amsterdam. "We are proud of the
work we deliver and strive to continue building on this success to
support the readiness mission of NATO."
"NSPA congratulates AAR for their selection as the top SOR. With
strong competition from other SORs, AAR managed to once again come
out on top and this will be the sixth time that they receive this
award," said Radek Chlistovsky, NSPA Chief of Component Maintenance
& Support. "NSPA acts in the market to link industry
capabilities and nations' requirements to find the most
cost-effective and efficient solutions, whether for national or
collective defence. Our procurement processes rely on competition,
transparency, integrity and equal treatment to all companies
bidding on our offers, to ensure the cost and operation benefits
for our customers are maximized."
"IAMCO extends its congratulations to the AAR team for being
recognized as the Best Source of Repair. This outstanding
achievement underscores AAR's unwavering commitment to excellence
and reliability, solidifying its position as a cornerstone in the
NATO AWACS program. This recognition is a testament to the team's
dedication and hard work in delivering top-quality services," said
Bernard Masuy, IAMCO Branch Manager
– Components.
For more information on AAR's Component Services, part of the
Company's Repair & Engineering segment,
visit https://www.aarcorp.com/en/services/component-services/.
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.
About NSPA
The NATO Support and Procurement Agency (NSPA) is NATO's lead
organisation for multinational acquisition, support and sustainment
in all domains. NSPA is headquartered in the Grand Duchy of
Luxembourg, with main operational
centres in France, Hungary and Italy. The Agency employs over 1,500 staff and
oversees more than 500 contractors worldwide.
About IAMCO
IAMCO is a multinational joint venture company founded in 1991.
As an industrial prime contractor, IAMCO is responsible for
management of collaborative efforts in depot-level maintenance of
NATO's E-3A Airborne Warning and Control System (AWACS) fleet,
including the maintenance of engines and aircraft components.
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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. 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.
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Contact:
Media Team
+1-630-227-5100
Editor@aarcorp.com
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