AAR Awarded $1.2B Five-Year Contract By U.S. Navy For P-8A Poseidon Engine Overhaul And Maintenance
Portfolio Pulse from Benzinga Newsdesk
AAR Corp has been awarded a $1.2 billion five-year contract by the U.S. Navy for the overhaul and maintenance of P-8A Poseidon engines. This contract highlights AAR's strong position in the aerospace maintenance sector.
September 26, 2024 | 8:06 pm
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AAR Corp has been awarded a significant $1.2 billion contract by the U.S. Navy for P-8A Poseidon engine maintenance, reinforcing its position in aerospace maintenance.
The $1.2 billion contract is a substantial addition to AAR's revenue stream and strengthens its relationship with the U.S. Navy, likely boosting investor confidence and stock price in the short term.
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