Investing.com -- AAR (NYSE: AIR) Manufacturing LLC has secured a $159.78 million contract from the U.S. Department of War to repair 463L Legacy Cargo Pallets, the Air Force Life Cycle Management Center announced Thursday.

The firm-fixed-price, indefinite-delivery requirements contract covers repair services for the 463L Legacy Cargo Pallet system. Work will be carried out at AAR Manufacturing's facility in Cadillac, Michigan, with completion expected by March 5, 2031.

The contract was awarded as a sole source acquisition, with no funds obligated at the time of award. The Air Force Life Cycle Management Center, Combat Readiness-Support Equipment and Vehicles division at Robins Air Force Base in Georgia, served as the contracting authority.

The 463L pallet system is a standard cargo handling system used by the U.S. Air Force for air transport operations.