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DVIDS – Images – U.S. Navy SEALs Train with Coast Guard MSRT in VBSS Training [Image 1 of 14]

DVIDS – Images – U.S. Navy SEALs Train with Coast Guard MSRT in VBSS Training [Image 1 of 14]

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U.S. Naval Special Warfare operators and U.S. Coast Guard Maritime Security Response Team (West) members aboard combatant craft assault boats, accompanied by an MH-60R Seahawk helicopter from the “Magicians” of Helicopter Maritime Strike Squadron (HSM) 35, conduct visit, board, search, and seizure training in the Andaman Sea, Dec. 15, 2024. Naval Special Warfare provides maritime special operations force capabilities to enable Joint Force lethality and survivability inside denied and contested areas. U.S. 7th Fleet is the U.S. Navy’s largest forward-deployed numbered fleet, and routinely interacts and operates with allies and partners in preserving a free and open Indo-Pacific region. (U.S. Navy Photo by Mass Communication Specialist 1st Class Alex Perlman)










Date Taken:12.15.2024
Date Posted:12.19.2024 21:24
Photo ID:8810511
VIRIN:241215-N-GP724-1287
Resolution:7713×4339
Size:4.72 MB
Location:ANDAMAN SEA






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DVIDS – News – Army & Air Force Exchange Service Stores to Remain Open During Government Shutdown

DVIDS – News – Army & Air Force Exchange Service Stores to Remain Open During Government Shutdown

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DALLAS – Army & Air Force Exchange Service stores worldwide will remain open for Soldiers, Airmen, Guardians, military families, retirees and disabled Veterans if the federal government shuts down Dec. 21.

The Exchange is a non-appropriated fund entity of the Department of Defense, with most of its operating budget coming from the sale of goods and services. The Exchange operates more than 5,000 facilities, including PXs, BXs, Express convenience stores and gas stations, food courts, malls, theaters and more across the nation and in more than 30 countries.

ShopMyExchange.com, which offers the same tax-free savings and military-exclusive pricing found in brick-and-mortar PXs and BXs for authorized shoppers and honorably discharged Veterans, remains unaffected as well.

100% of Exchange earnings support the military community. In the last 10 years, the Exchange has contributed more than $15 billion in value to the military community.

Facebook-friendly version: @shopmyexchange PXs, BXs and ShopMyExchange.com will remain open if the government shuts down.

— 30 —

Since 1895, the Army & Air Force Exchange Service (Exchange) has gone where Soldiers, Airmen, Guardians and their families go to improve the quality of their lives by providing valued goods and services at exclusive military pricing. The Exchange is the 52nd-largest retailer in the United States. 100% of Exchange earnings support military communities. In the last 10 years, your Exchange benefit has provided $3.7 billion in earnings for critical military Quality-of-Life programs. The Exchange is a non-appropriated fund entity of the Department of Defense and is directed by a Board of Directors. The Exchange is a 50th Anniversary Vietnam War Commemorative Partner, planning and conducting events and activities that recognize the service, valor and sacrifice of Vietnam Veterans and their families in conjunction with the United States of America Vietnam War Commemoration. To find out more about the Exchange history and mission or to view recent press releases please visit our website at http://www.shopmyexchange.com or follow us on X at https://twitter.com/ExchangePAO.

###

Media Notes:

For more information or to schedule an interview with an Exchange representative please contact Julie Mitchell, 214-312-3327 or [email protected].

Follow the Exchange:

Facebook: www.facebook.com/shopmyexchange

Twitter: https://twitter.com/shopmyexchange

Instagram: @shopmyexchange







Date Taken:12.20.2024
Date Posted:12.20.2024 12:25
Story ID:488098
Location:DALLAS, TEXAS, US






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WOMEN VETERANS AND MILITARY SPOUSE ENTREPRENEURS CELEBRATED AT WARRIOR RISING BUSINESS SHOWER AND CHARITABLE GALA IN WASHINGTON D.C.

WOMEN VETERANS AND MILITARY SPOUSE ENTREPRENEURS CELEBRATED AT WARRIOR RISING BUSINESS SHOWER AND CHARITABLE GALA IN WASHINGTON D.C.

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Paden Sickles of SickFit Wins $50,000 Grant as Veterans Showcase Innovation and Entrepreneurship

WASHINGTON, Dec. 20, 2024 /PRNewswire/ — On December 12, 2024, as the lead up to Army-Navy weekend, Warrior Rising, the nation’s leading nonprofit supporting veteran entrepreneurs, hosted its Second Annual “Saluting Her Service” Gala and Business Shower in Washington, D.C., celebrating the resilience and ingenuity of women veterans and military spouses in entrepreneurship. The two-part event took place at J.P. Morgan Chase Headquarters and the historic Schuyler Ballroom of the Hamilton Hotel, offering a platform for these entrepreneurs to connect, learn, and compete for transformative opportunities. The evening’s centerpiece was the live pitch competition, where Paden Sickles, founder of SickFit, was awarded a $50,000 grant. Her victory was determined by a panel of esteemed judges and resoundingly supported by the gala audience, who recognized her entrepreneurial vision, hard work, and inspiring story.

Warrior Rising is a true game-changer for aspiring military Veteran businesses.

 “This opportunity is a game-changer for SickFit,” said Sickles. “Warrior Rising has provided not just financial support, but mentorship, community, and the tools to scale my business. I’m beyond grateful to be part of this incredible organization.”

Paden Sickles, a veteran and passionate entrepreneur from Dallas, Texas, launched SickFit with the mission of delivering innovative and inclusive fitness solutions that empower individuals of all abilities to achieve their health goals. By building a supportive fitness community, SickFit promotes physical and mental well-being, transforming lives one workout at a time and prioritizing foot health.

The Business Shower was hosted at the D.C. headquarters of J.P. Morgan Chase, where veteran entrepreneurs participated in coaching sessions and refined their pitches with professional mentors. The program culminated with the “Saluting Her Service” Gala, held at the Schuyler Ballroom of the Hamilton Hotel, where finalists presented their businesses to an audience of supporters, partners, and donors. The gala was joined by special guest Martha Stewart, who participated in a 30-minute fireside chat with Dawn Halfaker, where they discussed Stewart’s iconic rise as a female entrepreneur and her invaluable advice for veterans pursuing business ownership.  Martha Stewart captivated the audience with her insights, famously saying, “I don’t follow the trends; I set them.”

“I’m still blown away that Martha Stewart now knows me as ‘The Sock Lady!'” said Sickles, reflecting on the once-in-a-lifetime experience. “Such a surreal and humbling moment to have SickFit recognized on such an impactful stage. I really hope she is enjoying her socks because I would love to have a conversation with her and figure out how we can work together.”

The event also raised substantial funds to support Warrior Rising’s programs, which provide critical resources, mentorship, and financial support for veteran entrepreneurs. The success of the event was made possible through the generous support of flagship sponsors: J.P. Morgan Chase, a leader in supporting veteran initiatives; Dawn Halfaker and the Continuing to Serve Foundation, which champions programs that help veterans thrive as leaders in business and their communities; and Coforma, an advocate for entrepreneurship, investing in innovation and opportunities that uplift veteran-led businesses.

Warrior Rising’s Executive Director, Jason Van Camp, emphasized the importance of empowering veterans through entrepreneurship: “Our veterans are among the nation’s most resourceful and resilient leaders. This event reflects their capacity to innovate and thrive, and we’re proud to provide a platform that transforms their entrepreneurial visions into reality. We are incredibly grateful for the support of our sponsors and the D.C. community, who continue to invest in our nation’s heroes.”

About Warrior Rising

Warrior Rising is a nationwide 501(c)(3) nonprofit organization dedicated to empowering military veterans and their families through entrepreneurship. By offering mentorship, education, and financial support, Warrior Rising helps veterans establish successful businesses, driving economic growth and personal fulfillment. To learn more, visit www.warriorrising.org.

About the Continuing to Serve Foundation

Founded by veteran entrepreneur Dawn Halfaker, Continuing to Serve supports programs that empower military veterans in their transition to leadership roles in business and the community.

About Coforma

Coforma is committed to advancing innovation and entrepreneurial excellence by partnering with organizations that create opportunities for growth and impact, particularly for veteran-led businesses.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/women-veterans-and-military-spouse-entrepreneurs-celebrated-at-warrior-rising-business-shower-and-charitable-gala-in-washington-dc-302337195.html

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DVIDS – News – Air National Guard Defender Completes Jungle Agile Employment Course

DVIDS – News – Air National Guard Defender Completes Jungle Agile Employment Course

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Did you know that roughly one-third, or 500 million acres, of the U.S. is forest? And did you know that Puerto Rico’s El Yunque National Forest is the only tropical rainforest in the U.S. that is considered a jungle? By definition, a forest has many tall trees and can usually be traveled by humans, while a jungle is usually dense and overgrown with a tropical or humid climate.

So why did a Security Forces Specialist assigned to the 148th Fighter Wing, Minnesota Air National Guard, travel to the pacific to participate in the Air Forces’ new Jungle Agile Employment Course?

An instructor and planner for the Air National Guard’s Cold Weather Operations Course at Camp Ripley Training Center, Minn., Master Sgt. Ian Nickila, “wanted to learn the finer details of operating and surviving in the jungle climate.”

The 10-day JACE course, attended by 22 service members from the Air Force, Army, and Marines, was planned and executed by the 36th Contingency Response Group and the 736th Security Forces Squadron, Anderson Air Force Base, Guam. The CRG mission is to advise, defend, construct, connect, and operate. The 736th is creating training to help Airmen produce a rapid Air Base Opening during Humanitarian Assistance or Disaster Relief mission.

“The core purpose of the course is to prepare airmen who will execute future Agile Combat Employment operations, at small spokes skills necessary to survive if support is interrupted or delayed, will be vital” said Capt. Wyatt Huff, Operations Officer with the 736th Security Forces Squadron and lead course developer.

The JACE contained survival-based curriculum to include survival, navigation, force protection, and mobility skills. Students collected and purified food and water, trained on cliffside rappelling, knot tying, building hasty shelters, and fire starting.

“On day one, Nickila stood out as an avid outdoorsman and his desire to share his skills was of great benefit to his classmates,” said Huff.

The three-day field training exercise included agile combat employment concepts, allowing Nickila and his classmates to practice operations with speed, scope, and complexity found in recent campaigns.

While in the field, the class attendees “were hunted by the course planners, or CADRE, so we built hasty shelters to sleep in,” said Nickila.

The physically grueling course taught Nickila “the importance of water,” he said. “I’ve always known I need water but determining how much I need and how much I wanted to carry in my ruck was a challenge.” Nickila filled a camelback, a canteen, and Nalgene bottle three times a day, and still fought dehydration. “I realized if I was struggling, that others would be, so finding an abundant and consistent water source is vital to operating in the jungle.”

Nickila, a 2005 graduate of Duluth Denfeld High School, joined the Air National Guard prior to his senior year of high school. “After September 11th, I knew I wanted to join the military,” said Nickila. “I talked to all types of recruiters. My father’s Army unit was activated at the 148th during Operation Noble Eagle; he convinced me that Security Forces would be a good fit.”

Since joining, Nickila has deployed to Manas Air Base, Kyrgyzstan; Eskan Village Compound, Saudi Arabia; Thumrait Air Base, Oman; Al Udeid Air Base, Qatar; and Amahd al-Jaber Air Air Base, Kuwait in addition to participating several specialized training exercises.

“Having ‘Defenders” with diverse training backgrounds is a key to our future success,” said 148th Security Forces Operations Superintendent, Senior Master Sgt. Ben Nyen. “Ian has extensive experience in the Middle East and has always stepped up to increase his knowledge base. As a person who winter camps for fun, the Cold Weather Operations Course was a great opportunity for him to show his skills an instructor. Now he can teach the opposing lessons learned at the JACE course to our squadron.”

Bibliography

U.S. Department of Agriculture Forest Service (2013). By the Numbers. Retrieved from By the Numbers | US Forest Service

U.S. Air Force (2021). U.S. Air Force Doctrine Note 1-21, Agile Combat Employment (2021, Dec. 21). Retrieved from https://www.af.mil/Portals/1/documents/Force%20Management/AFDN_1-21_ACE.pdf







Date Taken:12.20.2024
Date Posted:12.20.2024 10:41
Story ID:488076
Location:GU






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DVIDS – Images – Rainy Reindeer Rally

DVIDS – Images – Rainy Reindeer Rally

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Maintenance window scheduled to begin at February 14th 2200 est. until 0400 est. February 15th



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DVIDS – Images – Camp Pendleton Marines Martial Arts Instructor Course [Image 12 of 13]

DVIDS – Images – Camp Pendleton Marines Martial Arts Instructor Course [Image 12 of 13]

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Camp Pendleton Marines Martial Arts Instructor Course


U.S. Marine Corps Cpl. Javier Padron, a Gunner with Combat Logistics Battalion 13, 1st Marine Logistics Group, receives his tab symbolizing the completion of the martial arts instructor course at Marine Corps Base Camp Pendleton, California, Dec. 19, 2024. The Marine Corps martial arts program aims to strengthen the mental and moral resiliency of individual Marines through realistic combative training, warrior ethos studies, and physical hardening. (U.S. Marine Corps photo by Lance Cpl. Nicole Stuart)










Date Taken:12.19.2024
Date Posted:12.20.2024 10:47
Photo ID:8810537
VIRIN:241219-M-KL381-2761
Resolution:8192×5464
Size:5.09 MB
Location:MARINE CORPS BASE CAMP PENDLETON, CALIFORNIA, US






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DVIDS – News – VTANG Airman Represents Vermont at White House for Joining Forces

DVIDS – News – VTANG Airman Represents Vermont at White House for Joining Forces

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BURLINGTON, Vt. — It’s not every day a member of the Vermont Air National Guard walks the halls of the White House, let alone shares a moment with the First Lady of the United States. For Tech. Sgt. Hayden Lessor of the 158th Fighter Wing, that moment became reality when he represented Vermont and the VTANG at the annual Joining Forces event.

The event, launched in 2011, was hosted by First Lady Dr. Jill Biden and celebrates military families, caregivers and survivors, while addressing critical challenges in employment, education, and wellness.

Lessor was selected in recognition for his dedication to service which also highlighted the Vermont National Guard’s commitment to supporting military families.

“It was a tremendous honor to be selected by the Vermont Air National Guard,” Lessor said. “Representing the Vermont Guard has been an even greater privilege. Knowing that the dedication and hard work I’ve put in have been recognized at the highest level is deeply rewarding.”

The Joining Forces initiative reflects the values Vermonters hold dear: community, service, and resilience. With a focus on employment, education and wellness, the program addresses challenges faced by service members and their families — challenges that are often felt keenly in Vermont, where many guard members balance civilian careers, military duties and family responsibilities.

The event itself featured a vibrant holiday atmosphere, complete with festive decorations and live music. One of the most memorable moments for Lessor was when his 5-year-old son, joined Dr. Biden on stage during her address.

“Seeing him standing near her will remain a cherished memory for my family,” Lessor said.

As part of the Joining Forces initiative, Lessor engaged in discussions highlighting the challenges and strengths of military families.

“Conversations with other attendees highlighted the shared purpose among Army and Air components, and the camaraderie was truly heartwarming,” he said.

The initiative’s goal of fostering community connections resonates deeply in Vermont, where the guard plays an integral role in supporting both its members and the broader community.

Lessor reflected on the importance of the initiative’s focus areas, saying, “Employment provides stability for our families, child education ensures the next generation is better equipped, and maintaining overall well-being is foundational to our success.”

For Vermont’s Guard members, who often live in close-knit towns, these priorities are especially vital.

Beyond the celebration, Lessor emphasized the value of recognition within the military.

“Awards like ‘NCO of the Year’ open incredible doors,” he said. “This opportunity at the White House not only celebrated my work but also reinforced the importance of striving for excellence.”







Date Taken:12.20.2024
Date Posted:12.20.2024 10:41
Story ID:488075
Location:DISTRICT OF COLUMBIA, US






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DVIDS – News – Marine Corps Warfighting Laboratory Leads Innovation During Steel Knight 2024

DVIDS – News – Marine Corps Warfighting Laboratory Leads Innovation During Steel Knight 2024

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MARINE CORPS BASE QUANTICO, Va. – The Marine Corps Warfighting Laboratory played a pivotal role in Exercise Steel Knight 2024, leveraging the annual training event to test advanced technologies and experimental concepts aimed at modernizing the force and enhancing joint interoperability. Held from December 2 to December 19, the exercise took place in multiple locations across the Southwest United States.

Advancing Force Modernization

As a leader in the Marine Corps’ experimentation efforts, MCWL used SK24 to evaluate emerging capabilities critical to the Combined Joint All-Domain Command and Control initiative. This experimentation directly supported the Joint Warfighting Concept 3.0, which focuses on integrating sensors, decision-making systems, and operational capabilities to improve battlefield effectiveness.

“Steel Knight provided MCWL an unparalleled opportunity to evaluate technologies and concepts in realistic operational environments,” said Maj. Patrick O’Mara, Concept Development Team Lead, MCWL Experiment Division. “Our efforts are aimed at ensuring Marines remain agile, lethal, and aligned with the needs of the Joint Force.”

Key Areas of Experimentation

1. Data Integration and Decision Superiority:

MCWL tested systems that enabled rapid sensor-to-shooter data exchanges across air, land, sea, space, and cyber domains. These systems provide real-time battlespace awareness, enhancing decision-making in high-intensity operations.

2. Resilient Logistics and Sustainment:

Experimentation included new approaches to supply chain resilience, ensuring the effective deployment of equipment and personnel in contested environments.

3. Tactical-Level Interoperability:

Collaboration with joint and allied forces during SK24 allow MCWL to assess the integration of new technologies and operational frameworks with coalition partners, fostering greater interoperability.

Supporting Joint Experimentation

Steel Knight 2024 also contributed to broader Joint Force experimentation efforts. By collaborating with other services and allied nations, MCWL explored how new systems improved multi-domain operations and strengthened the capabilities of a unified Joint Force.

“The work conducted at Steel Knight helped shape the future of warfighting,” said Capt. Mario Fajardo, Concept Development Team Assistant Lead, MCWL Experiment Division. “We do not just prepare for tomorrow’s battles—we influence how they will be fought.”

Building on Lessons Learned

The experiments at SK24 built upon insights from previous exercises, such as Project Convergence Capstone 4 and Valiant Shield. MCWL incorporates after-action reviews to refine technologies and operational concepts, ensuring a continuous cycle of improvement.

Strategic Contributions

MCWL’s efforts at SK24 demonstrates the Marine Corps’ commitment to force modernization and innovation. By rigorously testing and evaluating concepts in realistic environments, MCWL ensures the Marine Corps remains at the forefront of military capability development.

The Marine Corps Warfighting Laboratory/Futures Directorate generates and examines threat-informed, operating concepts and capabilities and provides analytically supported recommendations to inform subsequent force design and development activities.







Date Taken:12.16.2024
Date Posted:12.20.2024 10:22
Story ID:487564
Location:MARINE CORPS BASE QUANTICO, VIRGINIA, US






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RAF INNOVATES THE FUTURE OF PILOT TRAINING WITH REVOLUTIONARY RED 6 AUGMENTED REALITY TECHNOLOGY ON HAWK JET

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ORLANDO, Fla., Dec. 20, 2024 /PRNewswire/ — This week, the Royal Air Force (RAF) took a significant leap forward in redefining pilot training with the completion of successful demonstration flights of a revolutionary airborne augmented reality (AR) technology, ATARS (Advanced Tactical Augmented Reality System), on its Hawk advanced training jet. RAF test pilots were able to identify, engage, and defeat virtual adversaries and co-operate with synthetic wingmen while airborne in real time.

“We’re thrilled to see the Royal Air Force embrace the transformative potential of ATARS (Advanced Tactical Augmented Reality System). This successful demonstration marks a massive milestone in, showcasing how Red 6’s technology will revolutionize pilot training. By projecting synthetically generated entities through Red 6’s patented augmented reality technology into the field of view of the pilots, ATARS negates the need to provide live aircraft and instructors for students to fly with, or against. This revolutionary technology promises to transform the capacity and quality of UK Military Flying Training by increasing the throughput of students at enormous cost savings to the MoD.  It’s an honour to collaborate with the RAF as we redefine the future of aviation training,” said Daniel Robinson, Founder and CEO of Red 6. 

This summer, the RAF awarded a contract to BAE Systems to conduct the in-flight demonstration of ATARS, developed by AR specialists Red 6, on a Hawk TMk2 aircraft. The contract was delivered by the UK Military Flying Training System (MFTS) Hawk Delivery Team at Defence Equipment and Support (DE&S), the procurement arm of the UK MOD.

Air Commodore Rob Caine, the RAF’s Head of Flying Training, said: “Exploitation of novel technologies like this is an essential part of ensuring the RAF is able to sustain our combat edge and to be ready to fly, fight, and win when called upon by our Country. This latest development is a very exciting proposition and a huge opportunity to improve training quality, increase throughput and lower essential overheads like aircraft, airspace, and instructors. We are all looking forward to seeing how we can take this kind of technology into our plans for the future.”

This demonstration is full circle for Red 6 Founder and CEO, Daniel Robinson. Robinson was a Qualified Weapons Instructor on the Tornado F3 with the Royal Air Force, before being selected as the first non-American to fly the F-22 Raptor for the USAF. In 2018, he formed Red 6 with a vision to transform military flying training for all allied nations world-wide.

The ATARS assessment has provided the UK essential insights into the value of capabilities such as augmented reality which can be considered for inclusion in the UK’s Military Flying Training System. Red 6 looks forward to continuing to work with the RAF to deliver a paradigm shift in capacity and capability, while delivering enormous cost savings to the MoD.

ABOUT RED 6 

Red 6, founded in 2018, is the creator of Advanced Tactical Augmented Reality System (ATARS) and Augmented Reality Command and Analytic Data Environment (ARCADE). Red 6 systems are the first wide field-of-view, full colour demonstrably proven outdoor augmented reality solution that operates in dynamic outdoor environments. Together, they bring virtual and constructive assets into the real-world by allowing pilots and ground operators to see synthetic threats in real-time, outdoors, and critically, in high-speed environments. 

Red6ar.com

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AAR resolves Foreign Corrupt Practices Act investigations with the DOJ and SEC

AAR resolves Foreign Corrupt Practices Act investigations with the DOJ and SEC

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WOOD DALE, Ill., Dec. 19, 2024 /PRNewswire/ — AAR CORP. (NYSE: AIR) (“AAR” or the “Company”) announced today that it has reached resolutions with the Department of Justice (“DOJ”) and the Securities and Exchange Commission (“SEC”) to resolve previously disclosed potential violations of the U.S. Foreign Corrupt Practices Act (the “FCPA”) relating to certain transactions signed in 2016 and 2017 in Nepal and South Africa.  

After self-reporting the potential violations to the DOJ and SEC in 2019, and cooperating with both agencies in a multi-year investigation, AAR has entered a Non-Prosecution Agreement (“NPA”) with the DOJ, and the SEC has accepted the Company’s Offer of Settlement and issued a cease-and-desist order (the “SEC Order”). The resolutions with both the DOJ and SEC make clear that the relevant conduct was principally carried out by a former employee of a Company subsidiary and former third-party agents.

The total amount payable by AAR under the NPA and SEC Order is $55,599,653, inclusive of penalties, forfeiture, and prejudgment interest, which will be reflected as a one-time charge in the Company’s consolidated financial statements for fiscal year 2025 second quarter ended November 30, 2024. The Company expects to fund these payments using a combination of cash on hand and borrowings under its revolving credit facility.

“We are pleased to resolve these matters with the DOJ and SEC,” said John M. Holmes, AAR’s Chairman, President and Chief Executive Officer. “We thank the DOJ and SEC for their collaboration and their recognition of the Company’s substantial cooperation. AAR remains committed to transparency and accountability and operating in an ethical and compliant manner as we deliver innovative, value-driven solutions to meet the ever-evolving needs of our customers worldwide.”

Since self-reporting the potential violations to the DOJ and SEC in 2019, the Company has taken extensive steps to enhance its global compliance program. AAR’s remedial actions, along with the significant effort it made to cooperate with the investigations, were acknowledged by the DOJ and the SEC as part of the resolutions.

About AAR

AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. Additional information can be found at aarcorp.com.

Forward-looking statements



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, including, but not limited to, funding the payments required pursuant to the resolution of the DOJ and SEC investigations.

 

Forward-looking statements often address our expected future operating and financial performance and financial condition, or sustainability targets, goals, commitments, and other business plans, and often 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 the beliefs of Company management, as well as assumptions and estimates based on information available to the Company as of the dates such assumptions and estimates are made, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, depending on a variety of factors, including: (i) factors that adversely affect the commercial aviation industry; (ii) adverse events and negative publicity in the aviation industry; (iii) a reduction in sales to the U.S. government and its contractors; (iv) cost overruns and losses on fixed-price contracts; (v) nonperformance by subcontractors or suppliers; (vi) a reduction in outsourcing of maintenance activity by airlines; (vii) a shortage of skilled personnel or work stoppages; (viii) competition from other companies; (ix) financial, operational and legal risks arising as a result of operating internationally; (x) inability to integrate acquisitions effectively and execute operational and financial plans related to the acquisitions; (xi) failure to realize the anticipated benefits of acquisitions; (xii) circumstances associated with divestitures; (xiii) inability to recover costs due to fluctuations in market values for aviation products and equipment; (xiv) cyber or other security threats or disruptions; (xv) a need to make significant capital expenditures to keep pace with technological developments in our industry; (xvi) restrictions on use of intellectual property and tooling important to our business; (xvii) inability to fully execute our stock repurchase program and return capital to stockholders; (xviii) limitations on our ability to access the debt and equity capital markets or to draw down funds under loan agreements; (xix) non-compliance with restrictive and financial covenants contained in our debt and loan agreements; (xx) changes in or non-compliance with laws and regulations related to federal contractors, the aviation industry, international operations, safety, and environmental matters, and the costs of complying with such laws and regulations; and (xxi) exposure to product liability and property claims that may be in excess of our liability insurance coverage. Should one or more of those risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. Those events and uncertainties are difficult or impossible to predict accurately and many are beyond our control.

 

For a discussion of these and other risks and uncertainties, refer to our Annual Report on Form 10-K, Part I, “Item 1A, Risk Factors” and our other filings from time to time with the U.S. Securities and Exchange Commission. These events and uncertainties are difficult or impossible to predict accurately and many are beyond the Company’s control. The risks described in these reports are not the only risks we face, as additional risks and uncertainties are not currently known or foreseeable or impossible to predict accurately or risks that are beyond the Company’s control or deemed immaterial may materially adversely affect our business, financial condition or results of operations in future periods. We assume 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, except as required by law.

Contact:

Media Team

+1-630-227-5100

[email protected]

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SOURCE AAR CORP.

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