AAR Awarded $450 Million Task Order
AAR (NYSE: AIR) announced yesterday that it has been awarded a task order to provide airlift services under the U.S. Transportation Command's (USTRANSCOM) new long-term, multi-billion-dollar Indefinite Delivery/Indefinite Quantity (IDIQ) contract for rotary-wing airlift in Afghanistan.
The task order has a one-year initial term with four one-year renewal options and is valued at approximately $450 million over the five-year term. AAR was awarded six of eighteen aircraft included as part of USTRANSCOM's initial requirement for the program.
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