AAR selected to provide cargo pallets to U.S. Air Force

AAR has been awarded a contract from the United States Air Force for the production and repair of 463L cargo pallets. The contract has a two-year base period valued at $133m in revenue and an estimated value of $323m over the five-year term. The cargo pallets will be manufactured and maintained by AAR’s Mobility Systems business in Cadillac, Michigan. The 463L pallet was developed by the U.S. Air Force and put into operation with the assistance of the Company nearly 50 years ago.