Posted by Courtney E. HowardWOOD DALE, Ill., 17 Sept. 2011. AAR (NYSE:AIR) won a contract from Military Sealift Command (MSC) to provide airlift support for U.S. Navy ships. The contract includes a one-year initial base period, three one-year options, and an additional 11-month option—for an estimated total value of roughly $77 million. The vertical replenishment (VERTREP) contract calls for the renewal of four helicopters, personnel, and operational and technical support services that the company currently provides in the Western Pacific and Indian Oceans and the Arabian Gulf.
AAR's Airlift Group provides expeditionary airlift services in austere environments and performs specialized aircraft modifications in support of national defense, security, and humanitarian relief operations, describes a spokesperson. The company provides airlift for the Department of Defense in three regions around the world, using fixed-wing and rotary-wing aircraft to transport personnel, supplies, and mail.
