The U.S. Navy has awarded indefinite-delivery/indefinite-quantity contracts with a combined ceiling of $1.21 billion to AAR Government Services (NYSE: AIR) and StandardAero for the maintenance and repair of the P-8A Poseidon aircraft. Under each firm-fixed-price, time-and-materials IDIQ, the contractors will perform depot-level engine maintenance, repair, overhaul and field assessment and repair in support of the