(NYSE: AIR) has signed a contract to supply specialized storage/shipping containers, shelters, air cargo pallets, and accessories to the North Atlantic Treaty Organization (NATO) Support and Procurement Agency (NSPA). The sole- source indefinite delivery/indefinite quantity (IDIQ) contract with AAR Mobility Systems includes a 3-year base period with an option to extend thereafter for two additional years for an estimated value of $12.6 million.
This contract provides NATO countries and its allies with a direct method for procuring AAR’s rapid deployment products that have been used by troops around the globe for over five decades. The products are designed to offer militaries worldwide a robust, modular and secure method for transporting their mission critical equipment and for use by troops once deployed.
“This contract vehicle enhances our capability to efficiently support NATO countries by allowing them to use the NATO Logistics Stock Exchange (NLSE) portal to submit orders directly to us,” said Jeffery Jackson, Vice President of Sales and Marketing, AAR Mobility Systems. “This will dramatically decrease processing times and, in turn, get our product to the customer faster.”