- AAR Corp. AIR has secured a $41 million firm, fixed-price contract from the Department of Energy's (DOE) National Nuclear Security Administration (NNSA) for the conversion and delivery of a B737-700 aircraft modified into a "FlexCombi" configuration.
- The NNSA will increase its fleet size to support mission-critical activities to maintain the safety, security, and effectiveness of the United States' nuclear deterrent capacity.
- The FlexCombi configuration gives the NNSA the ability to quickly configure the aircraft between passenger and/or cargo modes, serving ever-evolving mission requirements.
- The company expects to commence the work immediately and complete it within twelve months.
- Price Action: AIR shares are trading lower by 1.69% at $31.405 on the last check Monday.
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