AAR Signs Component Repair, License & Parts Supply Agreements with Honeywell

WOOD DALE, Illinois, April 3, 2018 - AAR (NYSE: AIR), a global leader in aviation services, has signed a long-term Repair and Overhaul License agreement along with a Parts Supply agreement with Honeywell Aerospace. AAR will be providing repairs of over 1,800 Honeywell base part number and line replacements unit (LRU) repair items in AAR’s New York and Amsterdam component repair shops.

To support those component repairs, AAR will source over 4,000 material supply piece part items from Honeywell who will also provide repair and overhaul of LRUs to support AAR’s growing flight-hour component support programs for airline fleets worldwide. The agreement covers various platforms including pneumatics, hydraulics, and power generation for Boeing, Airbus and regional commercial fleet types. These combined agreements make AAR a long-term Channel Partner to help grow and maintain the Honeywell products throughout the globe.

“This is the latest step in AAR’s focus on continuous improvement to drive more predictable maintenance while gaining the highest on-wing reliability for our airline customers,” said Ken Hein, Senior Vice President of Operations, AAR. “We partner with Honeywell in many of our aviation service businesses, and this agreement will build on that strong relationship.”

About AAR

AAR is a global aftermarket solutions company that employs more than 5,500 people in over 20 countries. Based in Wood Dale, Illinois, AAR supports commercial aviation and government customers in more than 100 countries. AAR’s Aviation Services include inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; 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.