AAR signs extension and expansion of V2500 engine component distribution agreement with Sumitomo Precision Products
Under the agreement, AAR has extended its exclusive agreement to distribute the V2500 pneumatic starter and starter control valve on behalf of SPP for the life of the program. The contract also expands AAR's exclusive distributorship with the addition of all V2500 starter/valve subcomponents.
"AAR is proud to expand and extend our support of Sumitomo Precision Products on this critical engine component," said
"This relationship enables us to better serve V2500 operators and repair facilities through compressed lead times, 24/7 AOG support, and global stocking locations," said
For more information on AAR's distribution capabilities, visit https://www.aarcorp.com/en/products/distribution/.
About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the
About Sumitomo Precision Products
Sumitomo Precision Products Co., Ltd., (Hyogo Japan) is a 100% subsidiary of Sumitomo Corporation that specializes in the design and manufacture of aerospace equipment, heat exchangers, hydraulic controls, MEMS sensors, micro-electronics technology, and environmental systems. The company has been engaged in the design and manufacture of aerospace equipment for more than half a century and is an experienced supplier of traditional propellers, landing gears, pneumatic equipment and heat exchangers over the world.
This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, reflecting management's expectations about future conditions, including anticipated activities and benefits under the extended and expanded distribution agreement. Forward-looking statements may also be identified because they contain words such as ''anticipate,'' ''believe,'' ''continue,'' ''could,'' ''estimate,'' ''expect,'' ''intend,'' ''likely,'' ''may,'' ''might,'' ''plan,'' ''potential,'' ''predict,'' ''project,'' ''seek,'' ''should,'' ''target,'' ''will,'' ''would,'' or similar expressions and the negatives of those terms. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. For a discussion of these and other risks and uncertainties, refer to "Risk Factors" in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond the Company's control. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. |
Contact:
Media Team
+1-630-227-5100
Editor@aarcorp.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/aar-signs-extension-and-expansion-of-v2500-engine-component-distribution-agreement-with-sumitomo-precision-products-302114725.html
SOURCE