AAR Overview

News Releases

Date Title  
Toggle Summary AAR named to “Best of the Best 2020 – Top Veteran-Friendly Companies” by U.S. Veterans Magazine
Wood Dale , May 28, 2020 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading independent provider of aviation services to commercial and government operators, has been named to the “Best of the Best 2020 – Top Veteran-Friendly Companies” list by U.S. Veterans Magazine (USVM).
Toggle Summary AAR Integrated Technologies awarded a $5.1 million firm-fixed-price contract from US Air Force to provide contractor logistical support for the AN/MSN-7 Communications Central System
Huntsville, Alabama , May 08, 2020 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR) a leading provider of aviation services to commercial and government operators, announced today that its AAR Integrated Technologies division has been awarded a firm-fixed-price (FFP) contract from the US Air Force Life Cycle
Toggle Summary AAR Mobility Systems awarded a $125 million sole source firm-fixed-price (FFP) contract from the US Air Force to produce and repair 463L Cargo Pallets
CADILLAC, Michigan , April 27, 2020 (GLOBE NEWSWIRE) -- AAR’s (NYSE: AIR) Mobility Systems division, a leading global supplier of rapid deployment equipment, has been awarded a sole source firm-fixed-price (FFP) requirements contract that includes a base year with four one year option periods from
Toggle Summary AAR Mobility Systems awarded $11.9 million sole-source firm-fixed-price (FFP) contract from the US Army Contracting Command, Detroit Arsenal, Michigan to produce Lightweight Multi-Purpose Shelters
Cadillac, Michigan , April 15, 2020 (GLOBE NEWSWIRE) -- AAR’s (NYSE: AIR) Mobility Systems division, a leading global supplier of rapid deployment equipment, has been awarded a sole-source firm-fixed-price (FFP) contract from the US Army to produce three variants of Lightweight Multipurpose
Toggle Summary AAR and Sumitomo Corporation announce joint venture to provide aviation aftermarket supply chain solutions to Japanese defense and global commercial markets
WOOD DALE, Illinois , March 31, 2020 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading aviation services provider to commercial airlines and governments worldwide, and Sumitomo Corporation, a top Japanese trading company, are launching a joint venture ― AAR Sumisho Aviation Services.
Toggle Summary AAR Adopts Limited Duration Stockholder Rights Plan
WOOD DALE, Ill. , March 30, 2020 /PRNewswire/ --  AAR CORP. (NYSE: AIR) today announced that its Board of Directors adopted a limited duration stockholder rights plan (the "Rights Plan"). In connection with adoption of the Rights Plan, the Board of Directors declared a non-cash dividend
Toggle Summary AAR Reports Record Third Quarter Fiscal Year 2020 Results
- Third quarter sales of $553 million, up 4% from $530 million in Q3 FY2019 - Third quarter GAAP and adjusted diluted earnings per share from continuing operations of $0.07 and $0.67, respectively - Adjusted diluted earnings per share from continuing operations up 8% from Q3 FY2019 - Third quarter
Toggle Summary AAR elects H. John Gilbertson to its Board of Directors
WOOD DALE, Ill. , March 17, 2020 /PRNewswire/ --  AAR  (NYSE: AIR) announced today that H. John Gilbertson , Jr., retired Managing Director of Goldman Sachs Group Inc., has been elected to the Company's Board of Directors, effective immediately. The addition of Mr.
Toggle Summary AAR Announces Cash Dividend
WOOD DALE, Ill. , March 17, 2020 /PRNewswire/ --  AAR CORP. (NYSE: AIR) announced that its Board of Directors at its regularly scheduled meeting declared a quarterly cash dividend of $0.075 per share to its stockholders. The dividend will be payable on April 9, 2020 to stockholders of record as of
Toggle Summary AAR to announce third quarter fiscal year 2020 results on March 24, 2020
WOOD DALE, Ill. , March 11, 2020 /PRNewswire/ -- AAR (NYSE: AIR) today announced that it will release financial results for its third quarter of Fiscal Year 2020, ended February 29, 2020 , after the market closes on Tuesday, March 24, 2020 . On Tuesday, March 24, 2020 at 3:45 p.m.
Toggle Summary AAR signs letter of intent with Air Canada to add new aircraft types and establish airframe maintenance Center of Excellence at Trois-Rivières MRO location
WOOD DALE, Ill. , Feb. 24, 2020 /PRNewswire/ -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, announced today that AAR Aircraft Services Trois-Rivières ULC ("AAR") has entered into a letter of intent with Air Canada regarding a ten-year, renewable
Toggle Summary AAR signs Memorandum of Understanding with Korean Aerospace Engineering & Maintenance Services for F-16 component maintenance consulting
WOOD DALE, Illinois, Feb. 12, 2020 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial airlines and governments worldwide, announced today a Memorandum of Understanding (MOU) to provide consulting services for Korean Aerospace Engineering &  Maintenance
Toggle Summary Philippine Airlines selects Airinmar’s new aircraft warranty and value engineering services
BERKSHIRE, England, Feb. 11, 2020 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR) subsidiary Airinmar, the leading independent global provider of component repair management and new aircraft warranty solutions, has signed a three-year support services agreement with flag carrier Philippine Airlines (PAL).
Toggle Summary AAR names Jessica Garascia General Counsel
WOOD DALE, Ill. , Feb. 3, 2020 /PRNewswire/ -- AAR (NYSE: AIR), a leading provider of aviation services to airlines and governments worldwide, announced that Jessica A. Garascia has joined as General Counsel, effective today. Garascia succeeds Robert Regan and will report to John Holmes , President
Toggle Summary AeroControlex names AAR exclusive global distributor for APU lube pump products
WOOD DALE, Illinois, Jan. 27, 2020 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, has signed a multiyear agreement with AeroControlex, under which AAR will be exclusively stocking and selling auxiliary power unit
Toggle Summary AAR Mobility Systems awarded contract from the Defense Logistics Agency Troop Support to produce specialized shipping/storage containers
CADILLAC, Michigan, Jan. 17, 2020 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR) Mobility Systems has been awarded a sole-source Indefinite Delivery/Indefinite Quantity (IDIQ) contract to produce specialized shipping/storage containers and accessories. The containers and accessories will be manufactured in
Toggle Summary AAR Board Member Jennifer Vogel named among 'Most Influential Corporate Board Members'
WOOD DALE, Ill. , Jan. 7, 2020 /PRNewswire/ -- AAR, a leading provider of aviation services to airlines and governments worldwide, is honored to share that Board Member Jennifer L. Vogel was recognized by WomenInc. as one of their "Most Influential Corporate Board Members" for 2019.    Vogel has
Toggle Summary AAR Reports Second Quarter Fiscal Year 2020 Results
- Second quarter sales of $561 million, up 14% from $493 million in Q2 FY2019 - Second quarter GAAP and adjusted diluted earnings per share from continuing operations of $0.57 and $0.64, respectively - Second quarter cash flow from operating activities from continuing operations of $20 million -
Toggle Summary AAR Announces Cash Dividend
WOOD DALE, Ill. , Dec. 18, 2019 /PRNewswire/ --  AAR CORP. (NYSE: AIR) announced that its Board of Directors at its regularly scheduled meeting declared a quarterly cash dividend of $0.075 per share to its stockholders.  The dividend will be payable on January 14, 2020 to stockholders of record as
Toggle Summary AAR to announce second quarter fiscal year 2020 results on December 19, 2019
WOOD DALE, Ill. , Dec. 4, 2019 /PRNewswire/ -- AAR (NYSE: AIR) today announced that it will release financial results for its second quarter of Fiscal Year 2020, ended November 30, 2019 , after the market closes on Thursday, December 19, 2019 . On Thursday, December 19, 2019 at 3:45 p.m.
Toggle Summary Airinmar secures Value Engineering contract with JetBlue, delivering cost savings in the component repair cycle
BERKSHIRE, England , Oct. 22, 2019 /PRNewswire/ -- AAR (NYSE: AIR) subsidiary Airinmar, the top global independent provider of component repair cycle management and aircraft warranty solutions, signed a three-year agreement with JetBlue to provide component Value Engineering cost oversight services
Toggle Summary AAR and Alaska Airlines announce new digital trial, integration of Airvolution® repair cycle management
WOOD DALE, Ill. , Oct. 16, 2019 /PRNewswire/ -- AAR (NYSE: AIR), a leading provider of aviation services to commercial airlines and governments worldwide, announces that Alaska Airlines has signed on for a digital trial of Airvolution ® , AAR's innovative cloud-based platform for efficient
Toggle Summary AAR Launches Donecle Drone Technology Integration for MRO Aircraft Inspections
  MIAMI , Oct. 10, 2019 /PRNewswire/ -- AAR (NYSE: AIR), a leading aviation services provider to commercial airlines and governments worldwide, has announced the integration of Donecle drone technology into its award-winning maintenance, repair and overhaul (MRO) operations.
Toggle Summary AAR expands Component Repair services with BAE Systems, providing additional regional jet program support
  WOOD DALE, Ill. , Oct. 9, 2019 /PRNewswire/ -- AAR (NYSE: AIR), a leading provider of aviation services to commercial airlines and governments worldwide, has expanded its Component Repair and overhaul services with BAE Systems Regional Aircraft to include a wider range of components for its
Toggle Summary AAR Reports First Quarter 2020 Results
-- First quarter sales of $542 million, up 16% from $466 million in Q1 FY2019   -- First quarter GAAP diluted earnings per share from continuing operations of $0.49   -- Adjusted diluted earnings per share from continuing operations of $0.57     WOOD DALE, Ill. , Sept.
Toggle Summary AAR Announces Cash Dividend
  WOOD DALE, Ill. , Sept. 25, 2019 /PRNewswire/ --  AAR CORP. (NYSE: AIR) announced that its Board of Directors at its regularly scheduled meeting declared a quarterly cash dividend of $0.075 per share to its stockholders.  The dividend will be payable on October 21, 2019 to stockholders of record
Toggle Summary AAR wins Parts Supply contract with Mitsubishi Heavy Industries Aero Engines (MHIAEL), largest commercial deal in Japan to date
WOOD DALE, Ill. , Sept. 17, 2019 /PRNewswire/ -- AAR (NYSE: AIR), a leading provider of aviation services to airlines and governments worldwide, signed its largest commercial deal in Japan to date, a multimillion dollar Parts Supply agreement with Mitsubishi Heavy Industries Aero Engines, Ltd.
Toggle Summary AAR selected as distributor for Leach International Corporation supporting OEMs in commercial and military aftermarket (cage code: 58657)
WOOD DALE, Ill. , Sept. 12, 2019 /PRNewswire/ --   AAR (NYSE: AIR), a leading provider of aviation services to commercial airlines and governments worldwide, has been selected as the main distributor for Leach International Corporation . As part of the agreement, AAR OEM Solutions will be stocking,
Toggle Summary AAR to announce first quarter fiscal year 2020 results on September 25, 2019
WOOD DALE, Ill. , Sept. 11, 2019 /PRNewswire/ -- AAR (NYSE: AIR) today announced that it will release financial results for its first quarter of Fiscal Year 2020, ended August 31, 2019 , after the market closes on Wednesday, September 25, 2019 . On Wednesday, September 25, 2019 at 3:45 p.m.
Toggle Summary AAR secures $118M C-40 aircraft procurement and modification contract with Naval Air Systems Command in support of U.S. Marine Corps
WOOD DALE, Ill. , Sept. 6, 2019 /PRNewswire/ -- AAR (NYSE: AIR), a leading provider of aviation services to commercial airlines and governments worldwide, has secured a new $118.6 million contract with the Naval Air Systems Command (NAVAIR) to deliver two 737 aircraft and associated support
Toggle Summary Smartwings selects Airinmar's component Value Engineering Services for optimal cost control
BERKSHIRE, England , July 24, 2019 /PRNewswire/ -- AAR (NYSE: AIR) subsidiary Airinmar, the global leader in component repair cycle management and aircraft warranty solutions, has signed a three-year agreement with Smartwings, the largest Czech airline, to provide component Value Engineering
Toggle Summary AAR to Host Investor Day
WOOD DALE, Ill. , July 17, 2019 /PRNewswire/ -- AAR (NYSE: AIR) is holding an Investor Day today Wednesday, July 17, 2019 starting at 8:30 a.m. ET in New York City . AAR's senior leadership team will provide an overview of the company's strategy and key opportunities.
Toggle Summary AAR Reports Fourth Quarter & Fiscal Year 2019 Results
- Fourth quarter sales of $563 million up 19% from $474 million in Q4 FY2018 - Fourth quarter GAAP diluted earnings per share from continuing operations of $0.76 - Fourth quarter adjusted diluted earnings per share from continuing operations of $0.64 up 33% from Q4 FY2018 - Cash flow from
Toggle Summary AAR Announces Cash Dividend
WOOD DALE, Ill. , July 9, 2019 /PRNewswire/ -- AAR CORP. (NYSE: AIR) announced that its Board of Directors at its regularly scheduled meeting declared a quarterly cash dividend of $0.075 per share to its stockholders. The dividend will be payable on July 31, 2019 to stockholders of record as of the
Toggle Summary AAR awarded four-year MRO contract with Royal Netherlands Air Force to service CH-47 Chinook APU
WOOD DALE, Ill. , July 9, 2019 /PRNewswire/ -- AAR (NYSE: AIR), a leading provider of aviation services to commercial airlines and governments worldwide, has been awarded a four-year contract by the Royal Netherlands Air Force (RNLAF) to perform maintenance, repair and overhaul of the Chinook APU
Toggle Summary AAR to announce fourth quarter fiscal year 2019 results on July 10, 2019
WOOD DALE, Ill. , June 27, 2019 /PRNewswire/ -- AAR (NYSE: AIR) today announced that it will release financial results for its fourth quarter of Fiscal Year 2019, ended May 31, 2019 , after the market closes on Wednesday, July 10, 2019 . On Wednesday, July 10, 2019 at 3:45 p.m.
Toggle Summary AAR, Tawazun Economic Council and Global Aerospace Logistics sign joint repair management deal at Paris Air Show
WOOD DALE, Ill. , June 20, 2019 /PRNewswire/ -- AAR (NYSE: AIR), a leading provider of aviation services to commercial airlines and governments worldwide, announced a new contract with Tawazun Economic Council , a defense and security industry enabler in the United Arab Emirates , and Global
Toggle Summary AAR selected as exclusive distributor for Woodward, Inc. supporting the U.S. Military
WOOD DALE, Ill. , June 19, 2019 /PRNewswire/ -- AAR (NYSE: AIR), a leading aviation services provider to commercial airlines and governments worldwide, has been selected as the exclusive distributor for Woodward for the promotion and sale of spare piece parts in support of U.S. Government fleets.
Toggle Summary AAR to Host Investor Day
WOOD DALE, Ill. , June 6, 2019 /PRNewswire/ -- AAR (NYSE: AIR) today announced that it will hold an Investor Day on Wednesday, July 17, 2019 at 8:30 a.m. ET in New York City . AAR's senior leadership team will provide an overview of the company's strategy and key opportunities.
Toggle Summary AAR delivers first P-8A Poseidon to U.S. Navy fleet
INDIANAPOLIS , May 20, 2019 /PRNewswire/ -- AAR (NYSE: AIR), a leading provider of aviation services to commercial airlines and governments, has completed its first planned overhaul, age exploration and planned inspection of its first U.S. Navy P-8A Poseidon (P-8A) aircraft.
Toggle Summary AAR Announces Cash Dividend
WOOD DALE, Ill., April 16, 2019 /PRNewswire/ --  AAR CORP. (NYSE: AIR) announced that its Board of Directors at its regularly scheduled meeting declared a quarterly cash dividend of $0.075 per share to its stockholders. The dividend will be payable on May 16, 2019 to stockholders of record as of
Toggle Summary AAR PW2000 contract with MTU Maintenance extended for another five years
WOOD DALE, Ill. , April 10, 2019 /PRNewswire/ --   AAR (NYSE: AIR) just announced that it will be extending its PW2000 engine support contract with MTU Maintenance for another five years. AAR will be supplying PW2000 parts to support MTU, which is one of the largest engine overhaul providers in the
Toggle Summary AAR Reports Third Quarter Fiscal Year 2019 Results
- Third quarter sales increased 16% to $530 million - Third quarter GAAP and adjusted diluted earnings per share from continuing operations of $0.78 and $0.79, respectively, both inclusive of income tax benefits of $0.19 - Adjusted diluted earnings per share from continuing operations up 61% from
Toggle Summary AAR Mobility Systems awarded a $10.8 million order from USAF to produce 463L cargo pallets
CADILLAC, Mich. , March 18, 2019 /PRNewswire/ -- AAR (NYSE: AIR), an independent provider of aviation and defense aftermarket solutions, has been awarded a $10.8 million order from the U.S. Air Force for the production of 463L cargo pallets. The cargo pallets will be manufactured at AAR's Mobility
Toggle Summary AAR awarded new additional Worldwide Aviation Support Services site
WOOD DALE, Ill. , March 18, 2019 /PRNewswire/ -- AAR (NYSE: AIR), a leading provider of aviation services to commercial airlines and governments, received notification from the Department of State awarding the company a new site under the Worldwide Aviation Support Services (WASS) program.