), one of the top contractors of aerospace, defense products and
services in the world, declared that it has been selected by U.S.
Transportation Command (USTRANSCOM) to continue its airlift
support services for the U.S. Department of Defense operations
based in Afghanistan. The renewal of the contract forms a part of
the deal awarded to the company in October, 2010, and is valued
at $161 million.
According to the terms of the contract, AAR will carry on its
services to meet the U. S Military's Airlift requirement through
using two Sikorsky S-92, six Sikorsky S-61, and two Bell 214 ST10
Additionally, the company will continue supporting the U.S.
North Atlantic Treaty Organization
) 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 strengthen the
company's influence within the U.S. Transportation Command and
Department of Defense.
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 Outperform recommendation on the stock.
AAR Corp. has a Zacks #2 Rank, implying a short-term Buy 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.