AAR Corp. (AIR) has recently been selected by EADS EFW to manufacture main deck cargo loading systems for its Airbus A300-600 & A310-300 freighter conversion program. The financial terms of the deal have not yet been disclosed.
AAR Cargo Systems holds FAA certifications for a wide range of commercial aircraft types, including the Airbus A300-600 and A310-300. According to the contract, conversion program involves conversion of EADS EFW jets into cargo freighters by AAR Corp.
EADS EFW, headquartered in Dresden, Germany, is a subsidiary of Airbus parent European Aeronautic Defense and Space Co. It is the Centre of Excellence for Airbus passenger-to-freighter conversions within EADS and develops and manufactures flat fibre-reinforced composite components for structures and interiors of the entire Airbus family. Furthermore, it offers engineering services in the context of certification and approval.
EADS EFW recently bought 13 systems for the A300-600 aircraft, which is scheduled to be delivered next year. According to the deal, the cargo systems will be made by an AAR division in Goldsboro, North Carolina. The recent order is expected to strengthen the company’s position as a leading cargo systems provider, helping them to capitalize on cost-effectiveness and efficiency of the converted aircrafts
Wood Dale, Illinois based AAR Corp. has scheduled to report its first-quarter financial results for 2012 on September 15, after the market closes. The company expects positive trends in the commercial air transportation markets and strategic contract winnings going forward. It competes directly with its peers, such as Goodrich Corp (GR), Boeing Co (BA) and Lockheed Martin Corporation (LMT).
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