WOOD
DALE, Ill., Nov. 14,
2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading
provider of aviation services to commercial and government
operators, MROs, and OEMs, has signed an exclusive multi-year
distribution agreement with Whippany Actuation Systems, a TransDigm
Group business.
"This agreement signals our confidence in
AAR's ability to deliver customer satisfaction," said Cedrick Fontes.
The agreement includes the global distribution of all components
and sub-assemblies in Whippany's actuation product line and expands
AAR's product offerings on key platforms, including Boeing 737 and
777. AAR's distribution services will compress lead times, add
stocking locations, and enhance customer service for Whippany end
users.
"This agreement signals our confidence in AAR's ability to
deliver customer satisfaction. The collaboration aims to streamline
the supply chain and enhance the delivery of our high-quality
products to our valued customers," said Cedrick Fontes, Whippany's President.
"AAR is proud to become a global distributor for Whippany, a
proven leader in flight critical and auxiliary electromechanical
actuation requirements," said Frank
Landrio, AAR's Senior Vice President of Distribution. "This
exclusive agreement scales Whippany's ability to reach customers
and enables AAR to drive further value through continued expansion
of products offered on key platforms."
For more information on AAR's Distribution division,
visit https://www.aarcorp.com/en/products/distribution/.
About AAR
AAR is a global aerospace and defense
aftermarket solutions company with operations in over 20 countries.
Headquartered in the Chicago area,
AAR supports commercial and government customers through four
operating segments: Parts Supply, Repair & Engineering,
Integrated Solutions, and Expeditionary Services. Additional
information can be found at aarcorp.com.
About Whippany Actuation Systems
Whippany Actuation
Systems supports flight critical and auxiliary electromechanical
actuation requirements across all military and commercial
applications. As your innovation partner for over 75 years, we
deliver quality and performance for the advancement of efficient,
more electric aircraft. Whippany Actuation Systems is based in
New Jersey. Additional information
can be found at www.whipactsys.com.
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This press release may
contain 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, reflecting management's
expectations about future conditions, including anticipated
activities and benefits under the distribution agreement.
Forward-looking statements may also be identified because they
contain words such as ''anticipate,'' ''believe,'' ''continue,''
''could,'' ''estimate,'' ''expect,'' ''intend,'' ''likely,''
''may,'' ''might,'' ''plan,'' ''potential,'' ''predict,''
''project,'' ''seek,'' ''should,'' ''target,'' ''will,'' ''would,''
or similar expressions and the negatives of those terms. These
forward-looking statements are based on beliefs of management, as
well as assumptions and estimates based on information currently
available to management and are subject to certain risks and
uncertainties that could cause actual results to differ materially
from historical results or those anticipated. For a discussion of
these and other risks and uncertainties, refer to "Risk Factors" in
AAR CORP.'s most recent Annual Report on Form 10-K and subsequent
Quarterly Reports on Form 10-Q. 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
management's control. Management 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.
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Contact:
Media Team
+1-630-227-5100
Editor@aarcorp.com
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SOURCE AAR CORP.