WOOD DALE, Illinois, Jan. 27, 2020 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, has signed a multiyear agreement with AeroControlex, under which AAR will be exclusively stocking and selling auxiliary power unit (APU) lube pumps and all related piece-part components worldwide.
"AeroControlex is proud to announce the distribution partnership with AAR for the pumps product line," said Tim O'Keefe, AeroControlex Business Manager for the Pumps Business Unit. "As the OEM, our goal is to provide high-quality pumps and components to our customers around the world. Our partnership with AAR helps ensure that we continue to provide the customized programs and best-in-class service in the aftermarket to deliver the highest value to our customers and help them succeed."
"This is a meaningful growth opportunity for our business serving as a value-added extension of an original equipment manufacturer," said Darren Spiegel, AAR Vice President and General Manager of OEM Solutions - Commercial. "We are honored that AeroControlex has chosen us for this important partnership and will be highly focused on ensuring that airlines and MROs worldwide have ready access to AeroControlex pumps and related parts to minimize downtime and maximize operational efficiency."
For more information on AAR OEM Solutions, visit aarcorp.com/oems/.
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About AARAAR is a global aerospace and defense aftermarket solutions company that employs more than 6,000 people in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR's Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair and Overhaul (MRO) Services. AAR's Expeditionary Services include Mobility Systems and Composite Manufacturing operations. Additional information can be found at www.aarcorp.com.
About AeroControlexSince its founding in 1945 in Cleveland, Ohio as Great Lakes Manufacturing, AeroControlex has established itself as an industry leader in the design and production of hydraulic, fuel, lubrication and coolant pumps. In 1993, the company added mechanical actuators to the existing product offering. More at https://www.aerocontrolex.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. 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, including those factors discussed under Item 1A, entitled "Risk Factors", included in the Company's Form 10-K for the fiscal year ended May 31, 2019. 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. For additional information, see the comments included in AAR's filings with the Securities and Exchange Commission.
Daniela PietschAAR Corpemail@example.com