AAR Corp. Enters Multi-Year Deal with AmSafe Bridport

AAR Corp. has entered a multi-year deal with AmSafe Bridport to provide aftermarket aerospace and defense solutions. AAR supports commercial and government customers through four segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. The deal will strengthen AAR's position in the global aerospace and defense market.

AAR Corp. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, has entered into a multi-year exclusive defense distribution agreement with AmSafe Bridport, a TransDigm company. This strategic partnership aims to strengthen AAR's position in the global aerospace and defense market.

Under the agreement, AAR will become the exclusive distributor for AmSafe Bridport's KC-46 and C-40 platform products in the global defense and military aftermarket. This includes direct and indirect sales to the U.S. Defense Logistics Agency (DLA), U.S. Armed Services, and foreign militaries, such as Japan. The deal enhances AAR's government contract support and customer service via its Government Programs business and expands its defense distribution portfolio to include cargo handling products [1][2].

AmSafe Bridport, a world leader in aerospace and defense safety restraint products, provides engineered textile restraint and protection solutions. The company's extensive experience and proven safety solutions on platforms like the KC-46 and C-40 complement AAR's extensive distribution network and in-region support, ensuring that these solutions are available to customers exactly when and where they're needed [2].

The agreement is a significant milestone for AAR, which supports commercial and government customers through four segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. This new partnership will enable AAR to offer a more comprehensive suite of offerings, further diversifying its defense distribution portfolio [3].

AAR's Senior Vice President of Distribution, Frank Landrio, expressed his satisfaction with the partnership, stating, "We are pleased to become an exclusive distributor of AmSafe Bridport products to the U.S. and foreign defense market. This new, exclusive agreement expands our product offerings on the KC-46 and C-40 platforms. Coupling this with our value-added services enables us to provide an even more comprehensive suite of offerings" [2].

This deal is expected to bolster AAR's financial performance, as it opens new revenue streams and enhances its market position in the aerospace and defense sector.

References:
[1] https://seekingalpha.com/news/4490231-aar-inks-exclusive-defense-deal-with-amsafe-bridport
[2] https://finance.yahoo.com/news/aar-signs-exclusive-defense-distribution-204500756.html
[3] https://www.marketscreener.com/news/aar-signs-exclusive-defense-distribution-agreement-with-amsafe-bridport-ce7c50dcda89f62d