AAR Sumisho Aviation Services (ASAS) announces new distribution agreement with Northrop Grumman for E-2D Advanced Hawkeye parts
Wood Dale, Illinois — AAR Sumisho Aviation Services (ASAS), a joint venture launched by AAR CORP. (NYSE: AIR) and Sumitomo Corporation, announced a new agreement with Northrop Grumman for E-2D Advanced Hawkeye aircraft parts distribution. The Japan Air Self-Defense Force has been operating the E-2D since March 2019.
Under the five-year agreement, ASAS will be the distributor of certain Northrop Grumman parts to the Japan Ministry of Defense’s (JMOD) E-2D tactical airborne early warning aircraft program. ASAS will provide parts demand forecasting, stock component and spare parts inventory, and manage logistics to support the program. This relationship, ASAS’ first with Northrop Grumman, builds on AAR’s and Sumitomo’s long-term relationships with the E-2 program, along with their combined strengths in offering product and service solutions to Japan’s defense sector.
“ASAS is enthusiastic about working with Northrop Grumman to bring our OEM Solutions expertise to the Japanese defense industry,” said Frank Landrio, ASAS Chief Executive Officer. “The global capabilities of ASAS and our support of defense-critical missions position us to best service the JMOD.”
In November 2014, JMOD competitively selected the Northrop Grumman E-2D to fulfill an emerging next-generation airborne early warning requirement. Japan has operated 13 Northrop Grumman E-2C Hawkeyes since 1983 and is the largest E-2 operator outside the U.S.
About Sumitomo Corporation
Our corporate message, “Enriching lives and the world”, was created to encapsulate our vision for sustainability in the next 100 years. Our business, as well as our relationship with our stakeholders, has expanded on a global scale. Our mission is to grow sustainably alongside society, pursue development for the world, and enable better lives for all. For more information, please visit: https://www.sumitomocorp.com/en/jp .
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 which reflect management’s expectations about future conditions. Forward-looking statements may also be identified because they contain words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘continue,’’ ‘‘could,’’ ‘‘estimate,’’ ‘‘expect,’’ ‘‘intend,’’ ‘‘likely,’’ ‘‘may,’’ ‘‘might,’’ ‘‘plan,’’ ‘‘potential,’’ ‘‘predict,’’ ‘‘project,’’ ‘‘seek,’’ ‘‘should,’’ ‘‘target,’’ ‘‘will,’’ ‘‘would,’’ or similar expressions and the negatives of those terms. These forward-looking statements are based on beliefs of ASAS management, as well as assumptions and estimates based on information currently available to ASAS, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. 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 ASAS’s control. ASAS 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.
Corporate Marketing & Communications