Business

June 19, 2013

AAR explore establishment of supply chain, MRO 0perations in Russia

AAR CORP. announced June 18 that it has signed a letter of intent outlining a tentative two-phase project to establish a technical maintenance center for commercial aircraft in Ulyanovsk, Russia.

The project, as initially defined, includes an aircraft parts distribution and logistics center, scheduled to open in mid-2014, followed by a commercial aircraft maintenance facility, scheduled to open in 2015.

Our long-term growth strategy continues to address what is clearly a global opportunity for value-added aviation services,î said David P. Storch, chairman and CEO of AAR CORP. ìWith this agreement, AAR will extend its superior value proposition into this rapidly growing, yet significantly underserved market in Russia and eastern Europe. We believe we are in an excellent position to leverage our expertise to establish a world-class facility with a comprehensive service offering to support a wide range of customers throughout the region. We are confident that with the assistance of strong, capable partners and the continued support of the Russian government, we can bring this project to fruition.

Konstantin Koloskov, principal at Tur Partners LLC, a Chicago-based adviser specializing in infrastructure development within Russia, commented, We are very pleased to work with AAR on the exploration of this important project. The Russian aviation marketplace, the excellent support of the leadership in Russia, and AARís industry leading position make a powerful combination that we expect will lead to a successful launch and strengthen Ulyanovskís position as an aviation center of excellence.î




All of this week's top headlines to your email every Friday.


 
 

 

Headlines July 30, 2014

News: Software to power F-35 running as much as 14 months late - Software needed to operate Lockheed Martin’s F-35 jet, the Pentagon’s costliest weapons system, may be as much as 14 months late for required flight testing, according to a Pentagon review.   Business: Lockheed will turn on JLTV production line In August; 6-D truck...
 
 

News Briefs July 30, 2014

U.S. military deaths in Afghanistan at 2,197 As of July 29, 2014, at least 2,197 members of the U.S. military had died in Afghanistan as a result of the U.S.-led invasion of Afghanistan in late 2001, according to an Associated Press count. At least 1,819 military service members have died in Afghanistan as a result...
 
 
Lockheed Martin photograph by Tom Reynolds

F-35B successfully completes wet runway, crosswind testing

Lockheed Martin photograph by Tom Reynolds F-35B aircraft BF-4, piloted by Lockheed Martin Test Pilot Dan Levin, starts down the runway as part of wet runway and crosswind testing at Edwards AFB, Calif. In an important program ...
 

 
boeing-chinook

Boeing delivers first U.S. Army multiyear II configured Chinook

Boeing July 29 delivered the first multiyear II configured CH-47F Chinook helicopter to the U.S. Army one month ahead of schedule. The delivery was celebrated in a ceremony at the production facility in Ridley Township, Penn. ...
 
 
Army photograph by SSgt. Angela Stafford

Engineers developing safer, more accurate tracer round

Army photograph Tracer rounds enable the shooter to follow the projectile trajectory to make aiming corrections. However, the light emitted by these rounds also gives away the position of the shooter. Engineers at Picatinny Ars...
 
 
NASA photograph by Carla Thomas

Katherine Lott awarded NASA Armstrong employee scholarship

NASA photograph by Carla Thomas Katherine Lott, the recipient of the 2014 NASA Armstrong Employee Exchange Council Joseph R. Vensel Memorial Scholarship, is congratulated by NASA Armstrong center director David McBride. Flankin...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>