Ontic: AAR and Ontic expand relationship with multiple long-term distribution agreements

WOOD DALE, Ill., July 24, 2024 /PRNewswire/ -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed multiple long-term distribution agreements with Ontic that expand the companies' existing defense and commercial partnerships and enhance service offerings for the U.S. government and worldwide commercial customers.Under the first defense agreement, AAR will expand its support for U.S. government customers to include a specific list of T55 engine components applicable to the CH-47 helicopter. Under a second agreement, AAR will add part numbers for various platforms, including the C-130, H-60, and E-2D, to increase its Ontic offerings for direct sales to the U.S. government by more than 33%. Under a third agreement, AAR will expand on a current contract with Ontic to begin distributing a thrust vector actuation systems motor manufactured by Ontic.Additionally, AAR and Ontic signed a long-term global exclusive commercial agreement for a specified list of parts for multi-channel ...Full story available on Benzinga.com