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AAR Corp. (AIR) Reports $118M C-40 Aircraft Procurement & Modification Contract with Naval Air Systems Command
September 6, 2019 8:57 AM EDTAAR (NYSE: AIR) has secured a new $118.6 million contract with the Naval Air Systems Command (NAVAIR) to deliver two 737 aircraft and associated support equipment to the U.S. Marine Corps (USMC).
The firm-fixed price contract, estimated to last two years, entails the acquisition, modification, acceptance and delivery of two 737-700 Increased Gross Weight (IGW) series commercial aircraft. The aircraft will meet USMC C-9B replacement medium lift requirements and be... More
