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Boeing Selects Florida Company as 767 Tanker Supplier

ST. LOUIS, Dec. 05, 2002 -- Boeing [NYSE:BA] has selected AAR Composites of Clearwater, Fla., an operating unit of AAR (NYSE:AIR), as a member of its nationwide team to provide the 767 Tanker Transport to the U.S. Air Force and customers around the globe.

As part of this team, AAR Composites will design and manufacture the main-deck cargo barrier, which separates the freighter section from the aerial-refueling crew in the 767 Tanker Transport.

The agreement is valued at approximately $19 million.

"AAR Composites is a key member of the pre-eminent team of suppliers we are assembling for the 767 Tanker Transport program," said Bob Gower, vice president of 767 Tanker Programs, part of Boeing Integrated Defense Systems. "This team will ensure low-risk and best value for all of our customers."

Commercially launched in February 2001, the 767 Tanker Transport is the right-sized aircraft for tanker missions around the globe and brings the unmatched aerial-refueling expertise of Boeing, which has delivered almost 2,000 tanker aircraft and produced virtually every air-refueling boom ever made.

Selected in three head-to-head competitions, the first 767 Tanker Transport will be delivered to the Italian Air Force in 2005.

A unit of The Boeing Company, Boeing Integrated Defense Systems is one of the world's largest space and defense businesses. Headquartered in St. Louis, Boeing Integrated Defense Systems is a $23 billion business. It provides systems solutions to its global military, government and commercial customers. It is a leading provider of intelligence, surveillance and reconnaissance; the world's largest military aircraft manufacturer; the world's largest satellite manufacturer and a leading provider of space-based communications; the primary systems integrator for U.S. missile defense; NASA's largest contractor; and a global leader in launch services.

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02-108

Contact Info:
Paul Guse
(314) 232-5911
paul.m.guse@boeing.com

Dawn Kaiser
AAR
(630) 227-2098
dkaiser@aarcorp.com




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