AAR RECEIVES 10-YEAR CONTRACT TO SUPPORT HONEYWELL TECHNOLOGY SOLUTIONS INC. AT HILL AIR FORCE BASE - Press Release
Filed under: AAR Corporation, Contract Awards, HTSI, Military Aviation, Press Releases, U.S. Air Force, logistics
AAR RECEIVES 10-YEAR CONTRACT TO SUPPORT
HONEYWELL TECHNOLOGY SOLUTIONS INC. AT HILL AIR FORCE BASE
WOOD DALE, ILLINOIS (July 31, 2008) - AAR CORP. (NYSE: AIR) announced today that it has
been awarded a 10-year contract to provide logistics support services to Honeywell Technology
Solutions, Inc. (HTSI). HTSI provides logistics services and depot maintenance support for the
B-2 Spirit stealth bomber and C-130 Hercules aircraft at Hill Air Force Base.
“AAR is very proud to support Honeywell Technology Solutions, Inc. and the U.S. Air Force,”
said Timothy J. Romenesko, AAR’s President and Chief Operating Officer. “This adds to the
growing list of strategic Air Force assets supported by AAR and is a testament to the flexibility
and scalability of AAR’s supply chain management capabilities.”
AAR is a leading provider of products and value-added services to the worldwide aerospace and
defense industry. With facilities and sales locations around the world, AAR uses its close-to-thecustomer
business model to serve aviation and defense customers through four operating
segments: Aviation Supply Chain; Maintenance, Repair & Overhaul; Structures & Systems and
Aircraft Sales & Leasing. More information can be found at www.aarcorp.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 May 31, 2008 Form 10-K. 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 publicly release the result of any revisions that may be made to 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.
ASIS to develop new security standards
ALEXANDRIA, Va., July 31 (UPI) -- Virginia-based security professionals organization ASIS International announced development plans for new business security risk standards.Navy contract to support sensor network
MCLEAN, Va., July 31 (UPI) -- The U.S. Office of Naval Research has contracted SPADAC to support the Large Tactical Sensor Networks II program through development of an analytic technology.Intellitactics to support ship defense
RESTON, Va., July 31 (UPI) -- DRS Technologies has contracted Intellitactics for its Security Manager technology in support of a U.S. Navy Sea Systems Command deal.Contracts for July 31, 2008
Filed under: Contract Awards, Department of Defense, Syndicated Industry News
210 million Americans at risk from offshore nuke threat
By MARTIN SIEFFUPI Senior News AnalystWASHINGTON, July 31 (UPI) -- The threat is real; the technology exists, and it is available and incredibly cheap; at least a half-dozen rogue states and well-funded terrorist groups around the world could afford it; and the menace puts in danger the lives of more than 200 million Americans. Yet almost nothing has been done about it.
DeltaNu to develop Raman detection tech
SANTA CLARA, Calif., July 31 (UPI) -- The U.S. Defense Department has contracted Intevac Photonics to develop toxic and pathogen threat detection technologies.Air Force contracts for ETC M138s
SOUTHAMPTON, Pa., July 31 (UPI) -- The U.S. Air Force has contracted Environmental Tectonics Corp. for the company's portable field sterilization technologies.Curtiss-Wright to support Army FCS program
ROSELAND, N.J., July 31 (UPI) -- Curtiss-Wright Corp. has been contracted to supply its Gigabit Ethernet Switch Module technology under a U.S. Army Future Combat Systems support deal.LM delivers MH-60R helicopters
OWEGO, N.Y., July 31 (UPI) -- Lockheed Martin says the first batch of MH-60R maritime strike helicopters has been delivered to the U.S. Navy for deployment.Coalition forces fly 79 Afghan sorties
KABUL, Afghanistan, July 30 (UPI) -- U.S. and coalition air forces coordinated with ground troops Tuesday to conduct strikes against insurgents in Afghanistan, the U.S. Air Force said Wednesday.ManTech reports well
ManTech is a second tier defense contractor that provides services and support to the US military. For the quarter ending in June ManTech reported income of $21.9 M. See a press release here. This was a substantial improvement over the same quarter in 2007. Much of the increase came from large IT support contracts for various services. There was also substantial business with classified contracts. Many of the defense contractors that have reported to date have done well over the last quarter.
Army buys more FLIR systems for force protection
Filed under: Contract Awards, FLIR, U.S. Army, production program
The US Army awarded FLIR Systems a $30 M contract for more systems to support ground based force protection systems. See a press release here. FLIR Systems has long built sensors for aircraft but recently the US has invested in this technology for the monitoring of perimeters and base security. FLIR Systems has won several contracts and options for this type of equipment while continuing its success with aviation systems.
U.S. lawmakers hold Pakistani F-16 plans
WASHINGTON, July 30 (UPI) -- U.S. lawmakers requested a hold on plans in Washington to release $200 million from counter-terrorism resources to upgrade Pakistani F-16 fighter jets.U.S. trains Georgian troops for Iraq
TBILISI, Georgia, July 30 (UPI) -- U.S. and Georgian troops are leading a military exercise to train Georgian forces in small-arms combat for future Iraqi operations.U.S. bill aimed at drug shipment routes
WASHINGTON, July 30 (UPI) -- U.S. lawmakers have introduced legislation designed to deter the use of unflagged underwater vessels in the international drug trade.OSCE upgrades Tajik weapons facilities
DUSHANBE, Tajikistan, July 30 (UPI) -- Tajikistan Wednesday signed an agreement to upgrade armory and small and light-weapons storage facilities, a conflict prevention group said.BMD Watch: ABL laser starts new tests
By MARTIN SIEFFUPI Senior News AnalystWASHINGTON, July 30 (UPI) -- Boeing announced Monday that, working with its partner companies and with the U.S. Missile Defense Agency, it has finished work on fitting its high-energy laser on the Airborne Laser aircraft and has already started running exercises on the laser with its chemical fuel at Edwards Air Force Base in California.
Outside View: U.S. still needs its B-52s
By ILYA KRAMNIKUPI Outside View CommentatorMOSCOW, July 30 (UPI) -- The Boeing B-52 Stratofortress bomber that crashed in the Pacific Ocean near the island of Guam was the third plane of the U.S. Air Force's strategic aviation to be lost in the last six months.
Analysis: Taiwan defense plans — Part 2
By ANDREI CHANGHONG KONG, July 30 (UPI) -- The worries of neighboring countries about China are on the rise. Therefore, the top priority of the new Kuomintang government in Taiwan is to strengthen its strategic relations with the United States and Japan and rebuild strategic mutual trust. This kind of trust between Taiwan, the United States and Japan has been greatly jeopardized over the last eight years.DoD utilizes bankrupt Iridium satellites
Filed under: Boeing, Contract Awards, IT, Satellites, U.S. Navy, development program, space
Boeing won a contract to develop the bankrupt Iridium communication satellites for DoD. See an article here. Iridium is a network of low earth orbit satellites that were to be used to provide telephonic communication. Motorola had led the original consortium that put the satellites in orbit, but they company went bankrupt. The Navy Research Lab awarded Boeing a contract to exploit the Iridium satellites to support the GPS network already deployed. DoD has been using the satellites for communications purposes, along with commercial customers.
Iraqi Air Force to expand
Filed under: Contract Awards, Lockheed Martin, Military Aviation, logistics, production program
According to reports the Iraqi government is planning on buying six C-130J aircraft and associated support equipment. See an article here. The total contract could be worth around $1.5 B. The sale would be handled through the Pentagon’s Defense Security Assistance organization.
Northrop Grumman continues strong performance of defense sector
Northrop Grumman continued the trend of the defense sector by reporting strong earnings and profits. See an article here. There had been some trepidation due to the taking back of the KC-45 contract. The company is able to still win this in December, and if it does it will contribute to further strong earnings and profits.
Military force feckless against al-Qaida
SANTA MONICA, Calif., July 29 (UPI) -- The use of military force employed by the United States against terrorist groups has had little deterrent effect, a RAND Corp. study released Tuesday says.Most federal computers lack encryption
WASHINGTON, July 29 (UPI) -- A report by the U.S. Government Accountability Office found only 30 percent of all federal laptops or similar devices use data protection technology.
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