July 25, 2012
AAR Tapped by U.S. Army to Support Egypt Air Defense 776 Command and Control System
2-year contract calls for upgrades, maintenance, repairs and troubleshooting
Huntsville, ALABAMA – AAR (NYSE: AIR) has been selected by the U.S. Army Aviation and Missile Command (AMCOM) to upgrade and modify the Government of Egypt’s Project 776 Integrated Air Defense Command and Control System used by the Egyptian Armed Forces’ HAWK Air Defense System. The work will be performed by AAR Precision Systems in Huntsville through June 2014.
The 776 system is a command and control, communication, computer, intelligence and battle management network designed to integrate airborne and land-based air defenses. AAR has been contracted to replace older electronic components with modern solid-state circuits to simplify and minimize the number of components required, increase reliability and operability, minimize obsolescence issues and increase product life.
AAR will also provide two technical assistants (TAs) with systems and software experience to assist with upgrades and perform maintenance, troubleshooting, repairs and modifications as part of an 11-month program awarded in June. The TAs also will be responsible for making recommendations for improvements on all electronics and software components in the 776 system for commercial-off-the-shelf (COTS) subsystems, assemblies, subassemblies, circuit cards assemblies and component parts.
Combined, the new upgrade and field support programs are valued at approximately $4.45 million. The awards follow a two-year contract with ANCOM for technical, repair and return, and space parts in support of air defense systems that expired June 30
“We have 20 years of unique experience in legacy system repair, refurbishment, and sustainment/obsolescence mitigation for missile defense,” said Kevin Lawlor, Vice President and General Manager, AAR Precision Systems. “This agreement leverages the specialized talents of our support staff and helps to keep AAR at the forefront of the technology that drives such an advanced ground and command control system as the 776. We anticipate the award of several more sole-source follow-on programs as additional funding is secured.”
About AAR
AAR is a global aftermarket solutions company that employs more than 6,000 people in over 20 countries. Based in Wood Dale, Illinois, AAR supports commercial aviation and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; engineering services and component repair. AAR’s Expeditionary Services include airlift operations; mobility systems; and command and control centers in support of military and humanitarian missions. More information can be found at www.aarcorp.com.
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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, 2018. 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.
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