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BAE Systems Selects AAR for Military Shelters

Written by thomas · Filed Under Defense 

August 25, 2009

thomas

WOOD DALE, Ill., Aug. 25 /PRNewswire-FirstCall/ — AAR (NYSE: AIR) announced today that it has received a contract from BAE Systems to manufacture mobile shelters for the U.S. Army’s Family of Medium Tactical Vehicles (FMTV) program. BAE Systems is exercising the one-year option on a contract issued to AAR in October 2008 with a $40 million order for additional shelters. Delivery of the shelters is scheduled to start in April 2010 and be completed by November 2010.

“We are very pleased that BAE Systems has extended and expanded this program and that our mobility products will continue to be an integral part of the U.S. Army’s ground operations,” said Timothy J. Romenesko, President and Chief Operating Officer of AAR CORP. “AAR is dedicated to supporting the warfighter in a wide variety of functions and operations. Our shelters help our soldiers achieve more by increasing efficiency, mobility and readiness.”

The shelters will be built by AAR’s Mobility Systems division, which designs, builds, integrates and supports rapid deployment equipment, expeditionary systems and command and control systems for defense customers and prime contractors.

BAE Systems’ Global Tactical Systems business produces the FMTV at its facility in Sealy, Texas. The FMTV is the medium tactical vehicle platform of choice for the U.S. Army in the 2.5- and 5-ton cargo vehicle class. More than 56,000 FMTVs have been produced in 21 variants during the vehicle’s 17-year production run.

About AAR

AAR is a leading provider of products and value-added services to the worldwide aerospace and defense industry. With facilities and sales locations around the world, AAR uses its close-to-the-customer business model to serve aviation and defense customers through four operating segments: Aviation Supply Chain; Maintenance, Repair and Overhaul; Structures and Systems; and Aircraft Sales and Leasing. More information can be found at www.aarcorp.com.

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