AAR Signs 10-year Contract for Avionics Support with Rockwell Collins

AAR has signed a long-term contract with aviation electronics manufacturer Rockwell Collins (NYSE: COL), which will provide component repair support for Rockwell Collins products used by AAR's growing portfolio of airline customers under long-term component support agreements.

The contract covers products on AAR customer fleets including the Airbus A319, A320, A330, Boeing 737 and 767, and Bombardier CRJ platforms.

Under the terms of the agreement, Rockwell Collins, a subcontractor to AAR, will perform the work at a fixed price-per-flight-hour rate, lowering end costs to the customer and expediting administrative processing and turnaround times.

'This program with Rockwell Collins enhances AAR's ability to provide comprehensive, one-stop shopping and support to our customers,' said John Holmes, Group Vice President - Aviation Supply Chain. 'The relationship also helps us add even more value to our customers through competitive pricing, innovative solutions and world-class technical support, including engineering, reliability and service improvements.'

With a global network of more than 80 locations, Rockwell Collins' provides maintenance, repair and overhaul of avionics equipment for more than 6,000 commercial, business, corporate and military operations. Additional logistics capabilities include on-board services, service parts, training and simulator systems and services, technical information services and technical services.

'Working with an industry-leading service provider such as AAR, we can offer our joint customers a stronger value proposition-convenience, expertise and cost predictability,' Thierry Tosi, Vice President and General Manager, Service Solutions, for Rockwell Collins. 'Together we provide a one-stop-shop for service, critical avionics proficiency and customized pricing solutions that offer certainty for the future.'