AAR Lands Potential $125M Air Force Cargo Pallet Production, Repair Contract

AAR (NYSE: AIR) has secured a potential five-year, $125M contract to produce and repair 463L cargo pallets for the U.S. Air Force.

The company said Monday its cargo pallets are made of balsa wood core materials that support strength-to-weight performance and designed for use with commercial and military aircraft platforms.

Production work will take place in Cadillac, Mich. The sole-source firm-fixed-price contract has one base year plus four option years.

Lee Krantz, senior vice president of AAR’s mobility systems business, said the company has supplied 463L pallets to U.S. military and its allies for many years.

You may also be interested in...

Dedrone

Ben Wenger Named Dedrone Chief Revenue Officer, Mary-Lou Smulders Appointed Chief Marketing Officer

Dedrone has named Ben Wenger, a two-decade enterprise technology sales veteran, as chief revenue officer and appointed Mary-Lou Smulders, strategic adviser at the counter-drone platform maker since February 2020, as chief marketing officer.

D.J. Dart VP

SAIC Promotes DJ Dart as DHS Enterprise VP

D.J. Dart, formerly business development executive for the Department of Homeland Security at Science Applications International Corp. (NYSE: SAIC), has elevated to the role of vice president for DHS enterprise. He joined SAIC through its acquisition of the Unisys Federal business in March 2020.