AAR PW2000 Contract with MTU Maintenance Extended for Another Five Years
AAR (NYSE: AIR) announces it will be extending its PW2000 engine support contract with MTU Maintenance for another five years. AAR will supply PW2000 parts to support MTU, one of the largest engine-overhaul providers in the world.
MTU says it has won contracts valued at more than $700 million and remains committed to its PW2000 engine MRO program for at least another 10 years. AAR is an important source of used serviceable materials (USM) in support of these engine overhauls.
AAR and MTU Maintenance have worked together since the mid-1990s, collaborating on various engine platforms such as the CF6. Under the PW2000 agreement, originally signed in 2009, AAR will continue to supply PW2000 parts via AAR’s facility in Hannover, Germany, significantly streamlining the logistical processes and supporting turnaround time. Partnering with AAR ensures that MTU Maintenance will have a reliable supply of USM for PW2000 shop visits.
“We are excited to extend our PW2000 agreement with one of the world's top commercial-aircraft engine-maintenance providers,” says Sal Marino, AAR SVP of Parts Supply. “AAR greatly values this multi-decade relationship and is proud to continue offering MTU solutions using the industry’s largest supply of USM quality parts.”
For more information on AAR’s global parts-supply services, visit https://www.aarcorp.com/parts-supply-/.