AAR PW2000 Contract with MTU Maintenance Extended for Another Five Years
Wood Dale, Ill., April 10, 2019 /PRNewswire/ -- AAR (NYSE: AIR) just announced that it will be extending its PW2000 engine support contract with MTU Maintenance for another five years. AAR will be supplying PW2000 parts to support MTU, which is one of the largest engine overhaul providers in the world. MTU has recently said they have won contracts valued at more than $700 million and remains committed to its PW2000 engine MRO program for at least another 10 years. AAR is an important source of used serviceable materials (USM) in support of these engine overhauls.
AAR and MTU Maintenance have worked together since the mid-1990's, collaborating on various engine platforms such as the CF6. Under the PW2000 agreement originally signed in 2009, AAR will continue to supply PW2000 parts via AAR's facility in Hannover, Germany, which significantly streamlines the logistical processes and supports turnaround time. Partnering with AAR ensures that MTU Maintenance will have a reliable supply of USM for PW2000 shop visits.
"We are excited to extend our PW2000 agreement with one of the world's top commercial aircraft engine maintenance providers," said Sal Marino, AAR SVP of Parts Supply. "AAR greatly values this multi-decade relationship and is proud to continue offering MTU solutions using the industry's largest supply of USM quality parts."
For more information on AAR's global parts supply services, click here.
About AAR
AAR is a global aerospace and defense aftermarket solutions company that employs more than 6,000 people in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR's Aviation Services include parts supply; OEM solutions; integrated solutions; maintenance, repair, overhaul; and engineering. AAR's Expeditionary Services include mobility systems and composite manufacturing operations. Additional information can be found at www.aarcorp.com.
About MTU Maintenance
MTU Maintenance specializes in creating customized solutions for aero engines. The company operates a global network with facilities in the Americas, Asia and Europe. Around 5,000 employees from over 60 nationalities provide customers with a wide range of service solutions encompasses all aspects of engine MRO, asset management and leasing. With close to 30 engines in its portfolio, MTU Maintenance has performed more than 18,000 shop visits in nearly 40 years. Additional information can be found www.mtu.de.
Source AAR
Contact:
Mae Fitzpatrick or Daniela Pietsch, +1 (630) 227-5100, Editor@aarcorp.com
Web Site: https://www.aarcorp.com
