AAR announced that it was awarded a five-year contract by the U.S. Army for the repair and overhaul of a key control component on the CH-47 (Chinook) helicopter, valued at $25 million. The work will be performed by AAR Aircraft Component Services - New York and is scheduled to begin in
March 2008. This is the second helicopter component repair and overhaul services contract awarded to AAR Aircraft Component Services - New York by the U.S. Army in the past six months. In September 2007, the Army awarded AAR a five-year contract to provide repair and overhaul services for helicopter engine components. The CH-47 Chinook is a twin engine, tandem rotor helicopter used to transport ground forces, supplies, ammunition and other battle-critical cargo in support of worldwide defense, contingency and humanitarian relief operations. For related news