DALLAS, April 5 /PRNewswire-FirstCall/ -- Aviall Services, a business unit of Aviall Inc., , today signed a new agreement with GE - Aviation to distribute J85 military engine parts. This agreement, the fourth between Aviall and GE, gives Aviall the rights to exclusively supply foreign militaries around the world with engine parts for the remaining lifetime of the J85 engines.
Aviall's critical core competencies of market reach, inventory forecasting and management, product fulfillment and quality management will insure that GE's aftermarket customers have the product availability necessary to meet their needs.
The J85 engine powers the T-38 and F-5 aircraft. There are more than 5,000 engines flying in a number of applications in active service in 35 countries around the world. These engines are expected to be in use through 2040.
"We are very excited that GE has also placed its' confidence in Aviall. The addition of this agreement shows the trust they have in our aftermarket relationships and is another step in expanding our diverse business portfolio for continued long-term growth. With this agreement, we continue to leverage our military aftermarket scale to provide ease of maintenance and superior performance throughout the military supply chain," said Dan Komnenovich, President, Aviall Services.
Aviall, Inc. is a leading provider of aftermarket supply-chain management services for the aviation and defense industries. Aviall is comprised of two operating units: Aviall Services, Inc. and Inventory Locator Service (ILS). As the world's largest independent provider of new aviation parts and related aftermarket operations, the Aviall Services business unit markets and distributes products for more than 220 manufacturers and offers approximately 650,000 catalog items from 37 customer service centers located in North America, Europe, and Asia-Pacific. Aviall Services provides maintenance for aviation batteries, wheels and brakes as well as hose assembly, kitting and paint-mixing. The company also offers a complete set of supply chain and logistics services, including order processing, stocking and fulfillment, automated inventory management and reverse logistics to OEMs and customers. The Inventory Locator Service (ILS) business unit, headquartered in Memphis, Tennessee, provides information and facilitates global eCommerce via its electronic marketplace that enables subscribers to buy and sell commercial parts, equipment and services, as well as provides eBusiness Services to the aviation, marine and defense industries. Additional information on Aviall is available via the Internet at http://www.aviall.com/.
Forward-Looking Statements
The statements contained in this release that are not historical facts are forward-looking statements (as such term is defined in the Private Securities Litigation Act of 1995). Actual results may differ materially from those expected in the forward-looking statements. These forward-looking statements involve risks and uncertainties, including pricing pressures, shifts in market demand, general economic conditions and other factors including, among others, those that affect flight activity in military, commercial, business and general aviation, the business activities of the Company's customers and suppliers and developments in information and communications technology.
