AAR Corp. Awarded ~$450M Two Major Pallet Contracts By U.S. Air Force

AAR Corp. (NYSE: AIR) has been awarded two major contracts by the U.S. Air Force, totaling approximately $450 million. The first contract, valued at $160 million, involves repair services for the 463L Legacy Cargo Pallet, expected to be completed by March 2031. The second contract, worth $290 million, is for the manufacturing of 463 legacy air cargo pallets, with completion anticipated by March 2032. AAR has been the primary supplier of these pallets to the U.S. Air Force since 1963.