AAR Wins Maintenance and Logistics Contract from U.S. Department of Energy Worth $18.5M
AAR (NYSE: AIR) has been selected prime contractor by the U.S. Department of Energy National Nuclear Security Administration to provide supply chain and aircraft support services for NNSA's aircraft maintenance operations in Albuquerque, New Mexico. The agreement strengthens AAR's position as prime contractor in the global government and defense market, which currently accounts for approximately half of AAR's business.
The contract has an initial one-year base period and four one-year renewal options with a total estimated value of $18.5 million. AAR will provide logistics and aircraft support for NNSA's fleet of Boeing 737-400 passenger/cargo (Combi), DC-9 Combi and Learjet aircraft. Work is scheduled to begin in December and will be performed by a dedicated program team managed by AAR's Aircraft Services division in Oklahoma City.
