News & Videos - AAR CORP.

AAR to participate in the Bank of America Transportation, Airlines and Industrials Conference on May 16, 2024 PR Newswire WOOD DALE, Ill., May 2, 2024 WOOD DALE, Ill. , May 2, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, will participate in Bank of America's 2024 Transportation, Airlines and Industrials Conference. AAR's Chief Financial Officer Sean Gillen will engage in a fireside chat discussion on...

AAR signs extension and expansion of V2500 engine component distribution agreement with Sumitomo Precision Products PR Newswire WOOD DALE, Ill., April 11, 2024 WOOD DALE, Ill. , April 11, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed an extension and expansion of its V2500 engine component distribution agreement with Sumitomo Precision Products Co., Ltd. (SPP). Under the agreement, AAR has...

AAR breaks ground on MRO facility expansion in Oklahoma City PR Newswire WOOD DALE, Ill., April 5, 2024 The new facility is expected to be operational in early 2026. WOOD DALE, Ill. , April 5, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, broke ground on the expansion of its maintenance, repair, and overhaul facility in Oklahoma City earlier today. More than 150 representatives from AAR, Alaska...

AAR announces exclusive commercial distribution agreement with TRIUMPH PR Newswire WOOD DALE, Ill., April 4, 2024 WOOD DALE , Ill. , April 4, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has announced an exclusive multi-year commercial distribution agreement with TRIUMPH's Actuation Products & Services business unit. "This relationship will expand AAR's offerings to the commercial aftermarket," said...

AAR reports third quarter fiscal year 2024 results PR Newswire WOOD DALE, Ill., March 21, 2024 Record third quarter sales of $567 million , up 9% over the prior year Third quarter GAAP diluted earnings per share from continuing operations of $0.39 , compared to $0.62 in Q3 FY2023 Record third quarter adjusted diluted earnings per share from continuing operations of $0.85 , up 13% from $0.75 in Q3 FY2023 Third quarter cash flow provided by operating activities from continuing operations of $20...

AAR elects Jeffrey N. Edwards to its Board of Directors PR Newswire WOOD DALE, Ill., March 20, 2024 WOOD DALE, Ill. , March 20, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that Jeffrey N. Edwards has been elected to AAR's Board of Directors, effective immediately. This appointment increases AAR's Board from 11 to 12 Director positions. Mr. Edwards, 63, brings more than 40 years of...

AAR, Cebu Pacific sign CFM56-5B surplus material agreement PR Newswire WOOD DALE, Ill., March 20, 2024 WOOD DALE, Ill. , March 20, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed a multi-year agreement to supply surplus material for the CFM56- 5B engine to Cebu Pacific. Under this agreement, AAR will support the 30 CFM56- 5B scheduled shop visits Cebu Pacific has planned for the term of the...

AAR to announce third quarter fiscal year 2024 results on March 21, 2024 PR Newswire WOOD DALE, Ill., March 7, 2024 WOOD DALE, Ill. , March 7, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today announced that it will release financial results for its third quarter of fiscal year 2024, ended February 29, 2024 , after the close of the New York Stock Exchange trading session on Thursday, March 21, 2024 ....

TRIUMPH COMPLETES SALE OF PRODUCT SUPPORT BUSINESS TO AAR PR Newswire RADNOR, Pa., March 1, 2024 RADNOR, Pa. , March 1, 2024 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) (" TRIUMPH " or the "Company") announced today that it has completed the sale of its Product Support business to AAR CORP. (NYSE: AIR). The transaction is valued at $725 million , and the net after-tax proceeds are expected to be approximately $700 million , which will primarily be used for debt reduction. The Product Support...

AAR completes acquisition of Triumph Group's Product Support business PR Newswire WOOD DALE, Ill., March 1, 2024 Also completed financings to fund the Acquisition, consisting of $550 million notes offering and an amendment to AAR's existing revolving credit facility, upsizing the facility from $620 million to $825 million WOOD DALE, Ill. , March 1, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR) ("AAR" or the "Company"), a leading provider of aviation services to commercial and government operators,...

AAR Prices Upsized Offering of Senior Notes to Finance Triumph Product Support Acquisition PR Newswire WOOD DALE, Ill., Feb. 14, 2024 WOOD DALE, Ill. , Feb. 14, 2024 /PRNewswire/ -- AAR CORP. ("AAR" or the "Company") (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, announced today that AAR Escrow Issuer, LLC, a wholly owned, unrestricted subsidiary of the Company (the "Escrow Issuer"), has successfully priced its offering of $550 million...

AAR announces update to financing of Triumph Product Support acquisition PR Newswire WOOD DALE, Ill., Feb. 14, 2024 Announces proposed offering of $500 million of senior notes due 2029 The acquisition will be financed with the proceeds from the proposed notes offering and use of the expanded revolver WOOD DALE, Ill. , Feb. 14, 2024 /PRNewswire/ -- AAR CORP. ("AAR" or the "Company") (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs,...

AAR issues statement on January 5, 2024, Alaska Airlines Boeing 737 MAX 9 incident PR Newswire WOOD DALE, Ill., Jan. 8, 2024 WOOD DALE, Ill. , Jan. 8, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, learned of the recent incident impacting the mid-cabin exit door plug of an Alaska Airlines Boeing 737 MAX 9 on January 5, 2024 , that resulted in an emergency landing of the aircraft. AAR did not perform any...

AAR signs new multi-year military distribution agreement with Ontic PR Newswire WOOD DALE, Ill., Jan. 4, 2024 WOOD DALE, Ill. , Jan. 4, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has announced a new multi-year agreement with Ontic, providing AAR distribution rights to supply a strategic selection of military products to the U.S. government, with exclusivity on specified parts. AAR currently provides...

AAR signs extension and expansion of flight-hour component support agreement with ASL Aviation Holdings DAC PR Newswire WOOD DALE, Ill., Dec. 27, 2023 WOOD DALE, Ill. , Dec. 27, 2023 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed a multi-year contract extension and expansion for flight-hour component support services with ASL Aviation Holdings DAC (ASL Airlines). The contract extends and expands...

Second quarter sales of $545 million, up 16% over the prior year Second quarter GAAP diluted earnings per share from continuing operations of $0.67, compared to $0.64 in Q2 FY2023 Record second quarter adjusted diluted earnings per share from continuing operations of $0.81, up 17% from $0.69 in Q2 FY2023 Second quarter cash flow provided by operating activities from continuing operations of $17 million Announced highly strategic agreement to acquire Triumph Group’s Product Support business for...

AAR announces agreement to acquire Triumph Group's Product Support business, a leading provider of MRO services to the global aviation aftermarket PR Newswire WOOD DALE, Ill., Dec. 21, 2023 Meaningfully scales AAR's repair capabilities and is highly complementary to existing portfolio Significantly accretive to margins and expands customer base and global footprint Expected run-rate cost synergies of $10 million Expected to be accretive to revenue growth and Adjusted EPS in the first full fiscal...

TRIUMPH ANNOUNCES SALE OF PRODUCT SUPPORT BUSINESS TO AAR PR Newswire RADNOR, Pa., Dec. 21, 2023 TRANSACTION EXPECTED TO MEANINGFULLY STRENGTHEN TRIUMPH'S BALANCE SHEET AND FOCUS COMPANY ON ITS OEM AND IP-BASED AFTERMARKET BUSINESS RADNOR, Pa. , Dec. 21, 2023 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) (" TRIUMPH " or the "Company") announced today that it has entered into a definitive agreement with AAR CORP. (NYSE: AIR) to sell its Product Support business. The transaction is valued at...

Wood Dale, Illinois, Dec. 07, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today announced that it will release financial results for its second quarter of fiscal year 2024, ended November 30, 2023, after the close of the New York Stock Exchange trading session on Thursday, December 21, 2023. On Thursday, December 21, 2023, at 3:45 p.m. Central time, AAR will hold a conference call to discuss the...

First quarter sales of $550 million, up 23% over the prior year Parts Supply sales up 40% over the prior year First quarter GAAP diluted loss per share from continuing operations of $0.02, which includes pension settlement and Russian legal charges of $0.70, compared to $0.62 in Q1 FY2023 Record first quarter adjusted diluted earnings per share from continuing operations of $0.78, up 28% from $0.61 in Q1 FY2023 WOOD DALE, Ill., Sept. 26, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading...