), a world-renowned supplier of aerospace, defense products and
services, recently declared that it has been chosen by U.S.
Transportation Command (USTRANSCOM) to extend its airlift support
services for the U.S. Department of Defense operations based in
Afghanistan through May 31, 2013. The renewal option offered to AAR
is valued at $104 million and it will be considered as the
extension of the service order won by the company in June,
According to the renewal contract, AAR will carry on its
services to meet the U. S Military's Airlift requirement through
using its 15 fixed-wing aircraft. Additionally, the company will
continue supporting the U.S. NATO operations in Afghanistan and
U.S. Department of Defense engaging its airlift operating entity by
providing rotary-wing aircraft as well as fixed-wing support
services. The aircraft allocated by AAR are specifically designed
to transport personnel, cargo and mail while the support process
offers personnel, tools and maintenance services.
The company has already established itself successfully within
the U.S. Government and its associates in Afghanistan, serving
transport and logistics requirement of the nation's defense forces.
Thus, this renewal option is expected to bolster the company's
influence within the U.S. Transportation Command and Department of
Illinois based AAR Corp.'s 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 regions. The company
competes directly with its peers such as
, Rolls Royce Holdings plc
Lockheed Martin Corporation
We currently hold an 'Underperform' recommendation on the stock.
AAR Corp. has a Zacks #3 Rank, implying a short-term 'Hold' rating
AAR CORP (AIR): Free Stock Analysis Report
HEXCEL CORP (HXL): Free Stock Analysis Report
LOCKHEED MARTIN (LMT): Free Stock Analysis
(RYCEY): ETF Research Reports
To read this article on Zacks.com click here.