7 unchanged sentences
Aircraft MRO, Storage, Disassembly, and Distribution
+Added: Millington, Tennessee (1)
+Added: Aircraft MRO and Disassembly
Rio Rancho, New Mexico
2 unchanged sentences
Corporate Headquarters and Engineered Solutions Operations,
−Removed: Hydraulic, Pneumatic, Flight Control Surfaces, PMA operations, and Electro-Mechanical Component MROs
−Removed: Sunrise, Florida
−Removed: USM Sales and Shared Services
+Added: Hydraulic, Pneumatic, PMA Operations, and Electro-Mechanical Component MROs
+Added: Hialeah Gardens, Florida (2)
+Added: USM Sales, Shared Services, and Flight Control Surfaces
Memphis, Tennessee (3)
5 unchanged sentences
Regional Representative Sales Offices
+Added: To support our growth and long-term business goals, we have expanded our operational facilities;
+Added: (1) In February 2023, we leased 112,000 square feet of hangar space expanding our narrow body on-airport MRO presence.
+Added: This new facility will provide additional capacity to accommodate the increasing MRO demand.
+Added: We expect to commence operations in this facility in the first quarter of 2024.
+Added: (2) Effective September 1, 2022 we entered into a lease for our Miami structures shop consisting of 88,000 square feet in Hialeah Gardens, Florida, for a term expiring in 2032.
+Added: This location will also serve as office space for USM sales and shared services personnel.
+Added: Relocation of office personnel has been completed while the structures shop is expected to conclude during the first half of 2023.
+Added: Prior to the relocation, USM sales and shared services personnel were located in Sunrise, Florida.
+Added: (3) In 2022, we commenced a 10-year lease for a new 315,000 square foot facility in Memphis, Tennessee.
+Added: We completed shifting production related to our distribution operations from the previous 160,000 square foot location in the fourth quarter of 2022.
+Added: Effective January 2023, the prior location has been reconditioned and subleased to a third party.
Our Goodyear, Arizona and Roswell, New Mexico facilities are on airport locations at the Phoenix Goodyear Airport and Roswell International Air Center, respectively, and are two of our FAA-authorized repair station operations centers focusing on airframe aircraft maintenance and storage.
Combined, they feature over 650,000 square feet of hangar space with a capability of dry desert long-term storage for up to 650 aircraft.
−Removed: In addition to having airframe maintenance service offerings at these facilities, we have four FAA-authorized repair station operations in our Rio Rancho, New Mexico, Memphis, Tennessee, and Miami, Florida facilities that provide component MRO service offerings.
+Added: In addition to having airframe maintenance service offerings at these facilities, we have four FAA-authorized repair station operations in our Rio Rancho, New
+Added: Mexico, Memphis, Tennessee, and Miami, Florida facilities that provide component MRO service offerings.
Collectively, these facilities support the operations of our TechOps segment.
1 unchanged sentence
These facilities collectively provide more than 500,000 square feet of available space to efficiently manage our Flight Equipment inventories and facilitate support of our customers’ urgent spare part requirements with non-stop delivery capacity to destinations worldwide.
−Removed: Combined, these facilities support the operations of our AMS segment.
+Added: Combined, these facilities support the operations of our Asset Management Solutions segment.
ITEM 3 LEGAL PROCEEDINGS
From time to time, we are subject to litigation incidental to our business.
−Removed: We are not currently party to any legal proceedings that would be reasonably expected to have a material adverse effect on our business or financial condition.
+Added: The information set forth under “Litigation” under Note R – Commitments and Contingencies within our Consolidated Financial Statements is incorporated herein by reference.
ITEM 4 MINE SAFETY DISCLOSURES
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.