AAR : Awarded $5 Million Contract for Petroleum Quality Analysis System – Enhanced (PQAS-E) Shelters

AAR Awarded $5 Million Contract for Petroleum Quality Analysis System - Enhanced (PQAS-E) Shelters

August 15, 2017

CADILLAC, Michigan, August 15, 2017 - AAR (NYSE: AIR) has been awarded a contract by Army Contracting Command-Rock Island (ACC-RI) to provide Petroleum Quality Analysis System-Enhanced (PQAS-E) Shelters. The five-year, fixed-price (FFP) indefinite delivery/indefinite quantity (IDIQ) contract is valued at more than $5 million.

The battlefield-ready PQAS-E is a mobile fuel-testing analysis and certification laboratory based on AAR Mobility Systems' proprietary 20-foot ISO shelter design. The aluminum, lightweight ruggedized shelter was rigorously tested and approved for harsh conditions, weight limitations, ISO construction standards, and Electromagnetic Impulse Shield (EMI) Radio Frequency Interference (RFI) stability by the U.S. Army. The shelter will be integrated with equipment at Rock Island Arsenal and will be capable of testing virtually any fuel for air and land mobile forces prior to use.

'As a total solution provider, we are leveraging our proven shelter technology to meet the needs of today's warfighter,' said Mark Platko, General Manager, AAR Mobility Systems. 'This contract validates our ability to customize our products to address a wide range of missions.'

As with all of AAR's rapidly deployable containers and shelters, this shelter will be customized to meet mission requirements and include three different sections: a mechanical porch, an enclosed work area and an enclosed storage room. There will also be extensive seat track mounted horizontally and vertically to the walls to accommodate a wide variety of integration requirements.

About AAR Mobility Systems

AAR Mobility Systems is a leading global supplier of rapid deployment equipment including mobile tactical shelters, pallets and expeditionary containers that enhance the military's ability to mobilize, deploy, maneuver and sustain forces. AAR Mobility also manufactures large lightweight structural assemblies and platforms that support mission essential functions. Products are supported through a network of service centers, field service teams and strategic partners. More information can be found at www.aarmobilitysystems.com.

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About AAR

AAR is a global aftermarket solutions company that employs more than 5,000 people in over 20 countries. Based in Wood Dale, Illinois, AAR supports commercial aviation and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR's Aviation Services include inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; and component repair. AAR's Expeditionary Services include airlift operations; mobility systems; and command and control centers in support of military and humanitarian missions. More information can be found at www.aarcorp.com.

Contact:

Kathleen Cantillon at [e-mail] | 630-227-2081 or email: [e-mail]

This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, including those factors discussed under Item 1A, entitled 'Risk Factors', included in the Company's Form 10-K for the fiscal year ended May 31, 2017. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond the Company's control. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. For additional information, see the comments included in AAR's filings with the Securities and Exchange Commission.