AAR and Woodward sign multi-year commercial distribution agreement
Under the agreement, AAR will serve as the preferred distributor of Woodward high-demand consumable parts, including fuel filters, gaskets, and seals, for the CFM LEAP*, GEnx, and CF34 engines, direct to commercial airlines. These parts are critical to ensuring optimal engine performance and reliability and represent some of the highest-demand components in commercial aviation today.
This agreement expands an existing relationship: AAR has distributed Woodward parts to the defense market, and this agreement extends that proven channel into commercial aviation. For customers, that means direct access to Woodward components through AAR's global warehouse network, with faster delivery and reliable support, including in
"Customers depend on commercial engine consumables to keep these engines running reliably, and getting those parts quickly is critical," said
"This new agreement recognizes AAR's success in distributing Woodward parts to the defense market and Woodward's confidence in our ability to deliver the same results to the commercial aviation market. We are excited to expand our parts offerings for these critical high-growth engines," said
For more information on AAR's new parts Distribution, part of the Company's Parts Supply segment, visit https://www.aarcorp.com/en/parts/new-parts/.
About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the
About Woodward
Woodward is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion, and motion control systems perform in some of the world's harshest environments. Woodward is a global company headquartered in
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This press release may contain 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 related to the commercial 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 management, as well as assumptions and estimates based on information currently available to management 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 |
*LEAP engines are a product of
Contacts:
AAR Media Team
+1-630-227-5100
Editor@aarcorp.com
+1-970-559-8840
Jennifer.regina@woodward.com
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