Forward-looking statements This 2021 ESG Report contains certain statements relating to future with laws and regulations that may affect certain of our aviation to product liability and property claims that may be in excess of our results, which are forward-looking statements as that term is defined and government and defense related activities that are subject to liability insurance coverage; (xix) threats to our systems technology in the Private Securities Litigation Reform Act of 1995. Forward- licensing, certification and other regulatory requirements imposed from equipment failures, cyber and other security breaches or looking statements often address our expected future operating by the FAA, the U.S. State Department and other regulatory other disruptions; (xx) the costs of compliance, and liability for and financial performance and financial condition, or sustainability agencies, both domestic and foreign; (viii) a reduction in outsourcing non-compliance, with environmental regulations, including future targets, goals, commitments, and other business plans, and often of maintenance activity by airlines; (ix) a shortage of the skilled requirements regarding climate change; and (xxi) a need to make contain words such as “anticipate,” “believe,” “expect,” “plan,” personnel on whom we depend to operate our business, or work significant capital expenditures to keep pace with technological “estimate,” “project,” “continue,” “will,” “should,” and similar stoppages; (x) competition from other companies, including original developments in our industry. Should one or more of those risks or terms. These forward-looking statements are based on the beliefs equipment manufacturers, some of which have greater financial uncertainties materialize adversely, or should underlying assumptions of management, as well as assumptions and estimates based resources than we do; (xi) financial and operational risks arising or estimates prove incorrect, actual results may vary materially from on information available to us as of the dates such assumptions as a result of operating internationally; (xii) inability to integrate those described. Those events and uncertainties are difficult or and estimates are made, and are subject to certain risks and acquisitions effectively and execute our operational and financial impossible to predict accurately and many are beyond our control. uncertainties, that could cause actual results to differ materially plan related to the acquisitions; (xiii) inability to recover our costs from those anticipated, including: (i) factors that adversely affect due to fluctuations in market values for aviation products and For a discussion of these and other risks and uncertainties, see our the commercial aviation industry; (ii) the continued impact of the equipment caused by various factors, including reductions in air Annual Report on Form 10-K, Part I, “Item 1A, Risk Factors” and our COVID-19 pandemic on air travel, worldwide commercial activity travel, airline bankruptcies, consolidations and fleet reductions; Quarterly Reports on Form 10-Q. The risks described in these reports and our and our customers’ ability to source parts and components; (xiv) asset impairment charges that may be required to recognize to are not the only risks we face, as additional risks and uncertainties (iii) a reduction in the level of sales to the branches, agencies and reflect the non-recoverability of our assets or lowered expectations not currently known or foreseeable or risks that are currently deemed departments of the U.S. government and their contractors (which regarding businesses we have acquired; (xv) limitations on our ability immaterial may materially adversely affect our business, financial were 44.7% of total sales in FY 2021); (iv) non-compliance with to access the debt and equity capital markets or to draw down funds condition or results of operations in future periods. We assume laws and regulations relating to the formation, administration and under loan agreements; (xvi) non-compliance with restrictive and no obligation to update any forward-looking statements to reflect performance of our U.S. government contracts; (v) cost overruns financial covenants contained in certain of our loan agreements and events or circumstances after the date of such statements or to and losses on fixed-price contracts; (vi) nonperformance by government funding received under the CARES Act; (xvii) restrictions reflect the occurrence of anticipated or unanticipated events. subcontractors or suppliers; (vii) changes in or non-compliance on paying, or failure to maintain or pay, dividends; (xviii) exposure 60 08_24_21
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