), one of the top contractors of aerospace, defense products and
services in the world, declared that its contract to provide
airlift services in Western and Central Africa has been renewed.
The contract is expected to close by June 2013 and is valued at
roughly $9 million.
The agreement entails providing services to U.S. Army Space
and Missile Defense Command (SMDC) and U.S. Department of Defense
Counter Narco-Terrorism Program Office (CNTPO) operations.
Per the terms of the renewed contract, the company will be
responsible for personnel and supplies transportation through the
use of two fixed-wing aircraft.
The company has a track record of successful contracts with
the US government. This deal, therefore, further strengthens the
company's ties with the government due to the safety and
reliability of the services it offers.
AAR reported its fiscal second quarter 2013 results last month
with earnings per share of 44 cents and revenue of $512.8
million. Based on the improved year-over-year results for the
quarter, management increased its earnings outlook for fiscal
2013. New contracts as well as contract renewals are expected to
help the company to achieve the target.
Illinois based AAR Corp. provides a wide range of
high-quality, and cost-effective technical services. The
company's airlift unit is engaged in offering expeditionary
airlift and specific aircraft services to assist national
security, safety and humanitarian relief operations in various
AAR Corp. carries a Zacks Rank #3 (Hold). Other stocks in the
industry which are worth considering include
Alliant Techsystems Inc.
Triumph Group Inc.
). Each of them holds a Zacks Rank #1 (Strong Buy).
AAR CORP (AIR): Free Stock Analysis Report
ALLIANT TECHSYS (ATK): Free Stock Analysis
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