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Alabama Aircraft Industries Announces Protest Decision

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makesumgravy   Monday, 06/23/08 11:40:47 AM
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Alabama Aircraft Industries Announces Protest Decision
Date : 06/13/2008 @ 5:49PM
Source : Business Wire
Stock : Alabama Aircraft Industries, Inc. (AAII) (AAII)
Quote : 1.8 0.05 (2.86%) @ 11:16AM
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Alabama Aircraft Industries Announces Protest Decision




Alabama Aircraft Industries, Inc. (AAII) (NASDAQ: AAII) learned today that the U.S. Government Accountability Office (GAO) denied a protest filed by the company on March 11, 2008. In its protest, AAII was challenging the selection of Boeing over AAII for a billion dollar contract to maintain the Air Force's fleet of KC-135 tankers. As recently as December 27, 2007, and February 1, 2008, the GAO had issued decisions finding that the Air Force's selection of Boeing was flawed.

AAII President Ron Aramini issued a statement explaining, "While we are disappointed with the GAO's latest decision, we fully intend to continue to press our case until the Air Force has conducted a full and fair evaluation of proposals. We believe that a proper evaluation would result in the selection of AAII as the highest quality and lowest cost source for the maintenance of the Air Force's KC-135 fleet." Alabama Aircraft Industries, Inc. (AAII), with executive offices in Birmingham, Alabama, and facilities in Alabama and California, performs maintenance and modification of aircraft for the U.S. Government and foreign and domestic commercial customers. The company also provides aircraft parts and support and engineering services and full service overhaul and repair for a wide range of aircraft. AAII also develops and manufactures rocket vehicles and control systems, and precision components for the aviation industry.





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