AAR Overview

News Releases

Date Title  
Toggle Summary AAR named to “Top 100 for 2021” by DefenseNews
Wood Dale , July 26, 2021 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading independent provider of aviation services to commercial and government operators, has once again been named as a “Top 100 for 2021” defense company by DefenseNews. DefenseNews publishes a list of the top 100 defense companies
Toggle Summary Alaska Airlines and AAR team up to create Flow Through Program for tomorrow’s aviation maintenance technicians
Wood Dale , July 21, 2021 (GLOBE NEWSWIRE) -- The nation’s airlines rely on professional maintenance technicians to ensure airplanes safely and compliantly travel across the country, but demand for qualified airline maintenance technicians (AMT) will outpace supply as early as 2022.
Toggle Summary AAR Reports Fourth Quarter & Fiscal Year 2021 Results
Fourth quarter sales of $438 million , up 5% over the prior year Fourth quarter GAAP diluted earnings per share from continuing operations of $0.41 compared to a loss per share of $0.43 in Q4 FY2020 Fourth quarter adjusted diluted earnings per share from continuing operations of $0.47 up 81% from
Toggle Summary AAR to announce fourth quarter fiscal year 2021 results on July 20, 2021
Wood Dale, Illinois , July 06, 2021 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR) today announced that it will release financial results for its fourth quarter of fiscal year 2021, ended May 31, 2021 , after the market closes on Tuesday, July 20, 2021 .   On Tuesday, July 20, 2021 at 3:45 p.m.
Toggle Summary AAR signs agreement with Druck, a Baker Hughes business, for global AOG support
Wood Dale , July 01, 2021 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, has signed an agreement with Druck, a Baker Hughes business, to offer global aircraft-on-ground (AOG) support for a range of engine pressure
Toggle Summary AAR named to “Best of the Best 2021 – Top Veteran-Friendly Companies” by U.S. Veterans Magazine
Wood Dale , May 20, 2021 (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 2021 – Top Veteran-Friendly Companies” list by U.S. Veterans Magazine (USVM).
Toggle Summary AAR announces multi-year agreement with United Airlines for heavy maintenance services in Rockford, IL and significantly grows local workforce
Wood Dale, Illinois — AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, has signed a multi-year agreement to perform airframe maintenance on United Airlines’ narrow-body aircraft fleet at its MRO facility in Rockford, IL.
Toggle Summary AAR Elects Ellen M. Lord to its Board of Directors
Wood Dale , April 16, 2021 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, announced today that Ellen M. Lord , former Under Secretary of Defense for Acquisition and Sustainment for the United States Department of
Toggle Summary AAR continues to advance aviation technician development: earned recognition from U.S. Department of Labor and signed MOU with American Association of Port Authority’s ACCELerate Apprenticeship Program
Wood Dale , March 25, 2021 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading aviation services provider to commercial and governments operators, MROs and OEMs worldwide, announces that its EAGLE Career Pathways program for aircraft maintenance technicians (AMTs) has been recognized by the U.S.
Toggle Summary AAR Reports Third Quarter Fiscal Year 2021 Results
Third quarter sales of $410 million , down 26% from the prior year reflecting the continued impact of COVID-19 Third quarter GAAP diluted earnings per share from continuing operations of $0.87 Adjusted diluted earnings per share from continuing operations of $0.37 , which excludes the impact of
Toggle Summary AAR to announce third quarter fiscal year 2021 results on March 23, 2021
Wood Dale, Illinois , March 09, 2021 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR) today announced that it will release financial results for its third quarter of fiscal year 2021, ended February 28, 2021 , after the market closes on Tuesday, March 23, 2021 . On Tuesday, March 23, 2021 at 3:45 p.m.
Toggle Summary AAR named 2021 Military Friendly® Employer
Wood Dale , Feb. 25, 2021 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading aviation services provider to commercial and government customers, MROs and OEMs worldwide, has been named a 2021 Military Friendly® Employer by VIQTORY, a service-disabled, veteran-owned company.
Toggle Summary AAR named to Forbes ‘America’s Best Midsize Employers’ for third time
Wood Dale , Feb. 16, 2021 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading aviation services provider to commercial and government operators, MROs and OEMs worldwide, has been named to Forbes’ list of “America’s Best Midsize Employers” for 2021. This is the third time that AAR has earned this honor,
Toggle Summary AAR Reports Second Quarter Fiscal Year 2021 Results
Second quarter sales of $404 million , down 28% from the prior year reflecting the impact of COVID-19 Second quarter GAAP diluted earnings per share from continuing operations of $0.41 Adjusted diluted earnings per share from continuing operations of $0.31 , which excludes the impact of CARES Act
Toggle Summary AAR extends its relationship with Viasat for in-flight connectivity logistics, repair and aftermarket support
Wood Dale, Illinois , Dec. 16, 2020 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, has extended its agreement with Viasat (NASDAQ: VSAT), a global communications company, to provide logistics, repair and
Toggle Summary AAR named sole authorized service center for Honeywell´s B737 MAX Electronic Bleed Air System components
Wood Dale, Illinois — AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, has signed a ten year agreement with Honeywell to be the sole channel partner licensee for component repair and overhaul services for the OEM’s suite of Electronic
Toggle Summary AAR sets the standard for safety as the first independent third party MRO approved by the FAA for Safety Management System requirements
Wood Dale, Illinois , Dec. 11, 2020 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, was recognized as the first independent MRO for implementing a Safety Management System (SMS) in accordance with the requirements
Toggle Summary AAR awarded a $148M contract to continue C-40 contractor logistics support with Naval Air Systems Command
Wood Dale , Dec. 09, 2020 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, was awarded a $148,357,084 firm-fixed-price, indefinite-delivery/indefinite-quantity follow-on contract with Naval Air Systems Command.
Toggle Summary AAR forms Aviation Safety and Training Oversight Committee
Wood Dale , Dec. 08, 2020 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs is pleased to announce that it has formed an Aviation Safety and Training Committee (the “ASTC”) at the Board of Directors (“Board”) level.
Toggle Summary AAR to announce second quarter fiscal year 2021 results on December 17, 2020
Wood Dale, Illinois , Dec. 04, 2020 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR) today announced that it will release financial results for its second quarter of fiscal year 2021, ended November 30, 2020 , after the market closes on Thursday, December 17, 2020 .
Toggle Summary AAR announces agreement with FTAI for Serviceable Engine Products, a partnership to provide CFM56 engine material to the global aviation aftermarket
Wood Dale , Dec. 03, 2020 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services, and Fortress Transportation and Infrastructure Investors (NYSE: FTAI) announced an agreement to create Serviceable Engine Products, an exclusive seven-year CFM56 used serviceable material (“USM”)
Toggle Summary Airinmar secures three-year warranty support services contract with Volaris
BERKSHIRE, England , Nov. 04, 2020 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR) subsidiary Airinmar , the top global independent provider of component repair cycle management and aircraft warranty solutions, signed a new three-year support services agreement with Volaris, Mexico´s leading domestic airline.
Toggle Summary Airinmar selected by Wizz Air for warranty management services
BERKSHIRE, England , Oct. 14, 2020 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR) subsidiary Airinmar , the top global independent provider of component repair cycle management and aircraft warranty solutions, signed a new services agreement with European low-fare carrier Wizz Air.
Toggle Summary AAR Reports First Quarter 2021 Results
First quarter sales of $401 million , down 26% from the prior year reflecting the impact of COVID-19 First quarter GAAP diluted loss per share from continuing operations of $(0.40) Adjusted diluted earnings per share from continuing operations of $0.17 , which exclude the impact of the Composites
Toggle Summary AAR to announce first quarter fiscal year 2021 results on September 24, 2020
Wood Dale, Illinois , Sept. 10, 2020 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR) today announced that it will release financial results for its first quarter of fiscal year 2021, ended August 31, 2020 , after the market closes on Thursday, September 24, 2020 .
Toggle Summary Airinmar selected by Frontier Airlines for warranty and value engineering services
BERKSHIRE, England , Sept. 01, 2020 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR) subsidiary Airinmar , the top global independent provider of component repair cycle management and aircraft warranty solutions, signed a new services agreement with low-fare carrier Frontier Airlines .
Toggle Summary AAR partners with Corporation for Skilled Workforce and Lumina Foundation to reduce labor shortage and increase diversity in the aviation industry
Wood Dale, Illinois , Aug. 25, 2020 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators worldwide, announces a new partnership with Corporation for Skilled Workforce (CSW) to grow and diversify the talent pool of aviation maintenance
Toggle Summary AAR´s Component Repair facility in Amsterdam ranked No. 1 “Outstanding Source of Repair” by NATO Support and Procurement Agency
Wood Dale, Illinois , Aug. 17, 2020 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial airlines and governments worldwide, has been named “Outstanding Source of Repair” and ranked No. 1 among all Component Source of Repair (SOR) facilities for 2019 by the
Toggle Summary Airinmar selected by Air Methods for warranty and value engineering services
BERKSHIRE, England , Aug. 03, 2020 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR) subsidiary Airinmar , the top global independent provider of component repair cycle management and aircraft warranty solutions, signed a new services agreement with the world’s largest civilian helicopter operator, Air Methods.
Toggle Summary AAR awarded three-year MRO contract with Royal Netherlands Air Force to service the F-16 jet fuel starter
Wood Dale , July 27, 2020 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial airlines and governments worldwide, has been awarded a three-year contract by the Royal Netherlands Air Force (RNLAF) to perform maintenance, repair and overhaul on F-16 jet fuel
Toggle Summary AAR Reports Fourth Quarter & Fiscal Year 2020 Results
Fourth quarter sales of $416.5 million , down 26% from $562.7 million in Q4 FY2019 reflecting the impact of COVID-19 Full year sales of $2.07 billion , up 1% from $2.05 billion in FY2019 Fourth quarter GAAP and adjusted diluted earnings (loss) per share from continuing operations of $(0.43) and
Toggle Summary AAR expects to receive $57.2 million from U.S. Treasury under Air Carrier Worker Support portion of CARES Act
Wood Dale, Illinois , July 20, 2020 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators worldwide, today announced that certain of its subsidiaries expect to receive $57.2 million from the U.S.
Toggle Summary AAR continues successful Unison Industries partnership with re-selection as exclusive distributor
Agreement valued at more than $1 billion over 11-year period Wood Dale, Illinois , July 14, 2020 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators worldwide, and Unison Industries jointly announced today the expansion and extension
Toggle Summary AAR Elects Robert F. Leduc to its Board of Directors
Wood Dale , July 14, 2020 (GLOBE NEWSWIRE) -- AAR  (NYSE: AIR) announced today that Robert F. Leduc , retired President of Pratt & Whitney , has been elected to the Company's Board of Directors, effective immediately. The addition of Mr. Leduc increases the size of the Board from 12 to 13
Toggle Summary AAR to announce fourth quarter fiscal year 2020 results on July 21, 2020
Wood Dale, Illinois , July 07, 2020 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR) today announced that it will release financial results for its fourth quarter of fiscal year 2020, ended May 31, 2020 , after the market closes on Tuesday, July 21, 2020 . On Tuesday, July 21, 2020 at 3:45 p.m.
Toggle Summary AAR named to Bloomberg Government´s BGOV200 list of top federal contractors
Wood Dale , June 30, 2020 (GLOBE NEWSWIRE) -- Wood Dale, Illinois — AAR (NYSE: AIR), a leading independent provider of aviation services to commercial and government operators worldwide, has been named one of the top 200 federal contractors by Bloomberg Government (BGOV) in the ninth annual
Toggle Summary AAR Agrees to Divest Non-Core Composites Manufacturing Business
Wood Dale, Illinois , June 29, 2020 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators worldwide, announced that it has entered into a definitive agreement to divest its aerospace composite manufacturing business after running a
Toggle Summary AAR manages the logistics of MRO services for BASF Deoxo™ ozone and VOC converters in compliance with newly released ACMMs
Wood Dale , June 09, 2020 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR) a leading provider of aviation services to commercial and government operators, announced today that BASF has appointed AAR as a preferred distributor of Maintenance Repair and Overhaul (MRO) services for Deoxo™ aircraft cabin
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