AAR Bags $41M Contract From National Nuclear Security Administration

  • 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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