AAR Overview

News Releases

Date Title  
Toggle Summary AAR Mobility Systems awarded $173.5 million firm-fixed-price contract from U.S. Air Force to produce Next Generation All Aluminum Cargo Pallets
Wood Dale, Illinois , Aug. 03, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has been awarded a firm-fixed-price (FFP) requirements contract from the U.S.
Toggle Summary AAR launches additional Fellowship Programs to expand aviation maintenance technician pipeline
Wood Dale, Illinois , Aug. 02, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced the launch of Fellowship Programs with Vincennes University and Aviation Institute of Maintenance (AIM) in
Toggle Summary AAR Sumisho Aviation Services (ASAS) announces new distribution agreement with Northrop Grumman for E-2D Advanced Hawkeye parts
Wood Dale, Illinois — AAR Sumisho Aviation Services (ASAS), a joint venture launched by AAR CORP. (NYSE: AIR) and Sumitomo Corporation, announced a new agreement with Northrop Grumman for E-2D Advanced Hawkeye aircraft parts distribution. The Japan Air Self-Defense Force has been operating the E-2D
Toggle Summary AAR’s corporate Safety Management System program recognized by FAA
Wood Dale, Illinois , July 27, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, received official recognition from the Federal Aviation Administration ( FAA ) for its corporate Safety Management System
Toggle Summary AAR awarded two-year contract to support Royal Norwegian Air Force P-8A logistics
Wood Dale, Illinois , July 26, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, was awarded a two-year contract with two option years by the Norwegian Defence Logistics Organisation to provide commercial
Toggle Summary AAR announces implementation of Airvolution® digital repair cycle management tool with Textron Aviation Defense
Wood Dale, Illinois , July 25, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced the implementation of Airvolution ® — AAR’s customizable, cloud-based, end-to-end repair cycle management (RCM)
Toggle Summary AAR reports fourth quarter and fiscal year 2022 results
Fourth quarter sales of $476 million , up 9% over the prior year Fourth quarter GAAP diluted earnings per share from continuing operations of $0.66 , compared to $0.41 in Q4 FY2021; on an adjusted basis, earnings increased 53% from $0.47 in Q4 FY2021 to $0.72 in Q4 FY2022 Full year sales of $1.82
Toggle Summary Holmes to become chairman upon Storch retirement from AAR board
Wood Dale, Illinois , July 20, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today announced that its Chairman, David P. Storch , will retire from its Board of Directors effective January 10, 2023 .
Toggle Summary AAR awarded first Captains of Industry contract by the U.S. Department of Defense’s DLA focused on distribution of sustainment services
Wood Dale, Illinois , July 19, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has been awarded a Captains of Industry contract with the Defense Logistics Agency (DLA), establishing a long-term strategic
Toggle Summary AAR to announce fourth quarter fiscal year 2022 results on July 21, 2022
Wood Dale, Illinois , July 07, 2022 (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 fourth quarter of fiscal year 2022, ended May 31, 2022 ,
Toggle Summary AAR’s Component Repair facility in Amsterdam ranked No. 1 Outstanding Source of Repair by NATO Support and Procurement Agency for fifth time
Wood Dale, Illinois , July 05, 2022 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has been named “Outstanding Source of Repair” and ranked number one among all component source of repair (SoR) facilities for 2021
Toggle Summary AAR’s Landing Gear PBL Program wins 2021 Secretary of Defense PBL Award
Wood Dale, Illinois , April 27, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, was awarded the 2021 Secretary of Defense Performance-Based Logistics (PBL) Award for its Landing Gear PBL (LGPBL) Program.
Toggle Summary AAR announces marketing partnership agreement with ProvenAir Technologies, LLC
Wood Dale, Illinois , April 26, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed a marketing partnership agreement with ProvenAir Technologies, LLC to enhance the digital solutions available to
Toggle Summary AAR Reports Third Quarter Fiscal Year 2022 Results
Third quarter sales of $452 million , up 10% over the prior year Third quarter GAAP diluted earnings per share from continuing operations of $0.63 compared to $0.87 in Q3 FY2021, which included a favorable impact from CARES Act payroll support Adjusted diluted earnings per share from continuing
Toggle Summary AAR signs exclusive distribution agreement with Collins Aerospace’s Goodrich De-Icing & Specialty Heating Systems business
Wood Dale, Illinois , March 14, 2022 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed an exclusive distribution agreement with Collins Aerospace’s Goodrich De-Icing & Specialty Heating Systems business.
Toggle Summary AAR to announce third quarter fiscal year 2022 results on March 22, 2022
Wood Dale, Illinois , March 08, 2022 (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 third quarter of fiscal year 2022, ended February 28, 2022 ,
Toggle Summary AAR named among America’s Best Midsize Employers for 2022 by Forbes
Wood Dale, Illinois , Feb. 15, 2022 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has been named among America’s Best Midsize Employers by Forbes for the fourth time.
Toggle Summary AAR to participate in Citi's 2022 Global Industrial Tech and Mobility Conference on February 23, 2022
Wood Dale, Illinois , Feb. 10, 2022 (GLOBE NEWSWIRE) -- Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, will participate in a fireside chat at Citi's 2022 Global Industrial Tech and Mobility Conference on
Toggle Summary AAR announces a 10-year extension of its component MRO agreement with IAMCO for support of the NATO E-3A Airborne Warning and Control (AWACS) fleet
Wood Dale, Illinois , Feb. 07, 2022 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced a 10-year extension of its component maintenance, repair, and overhaul contract with International Aerospace Management
Toggle Summary AAR Reports Second Quarter Fiscal Year 2022 Results
Second quarter sales of $437 million , up 8% over the prior year Second quarter GAAP diluted earnings per share from continuing operations of $0.58 compared to $0.41 in Q2 FY2021 Adjusted diluted earnings per share from continuing operations of $0.53 , up 71% from $0.31 in Q2 FY2021 Second quarter
Toggle Summary AAR Announces $150 Million Stock Repurchase Program
Wood Dale, Illinois , Dec. 21, 2021 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR) today announced that its Board of Directors authorized a renewal of its stock repurchase program. The authorization permits the repurchase of up to $150 million of the Company’s common shares.
Toggle Summary AAR awarded 10-year $365M USAFE F-16 Depot-Level Maintenance and Modification contract
Wood Dale , Dec. 16, 2021 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, was awarded a ten year $365M firm fixed price, indefinite delivery/indefinite quantity contract with the Air Force Life Cycle Management
Toggle Summary AAR to announce second quarter fiscal year 2022 results on December 21, 2021
Wood Dale, Illinois , Dec. 07, 2021 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR) today announced that it will release financial results for its second quarter of fiscal year 2022, ended November 30, 2021 , after the New York Stock Exchange trading session on Tuesday, December 21, 2021 .
Toggle Summary AAR earns 2022 Military Friendly® Employer designation
Wood Dale , Nov. 11, 2021 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, announced today that is has earned the 2022 Military Friendly® Employer designation by VIQTORY.
Toggle Summary AAR to present at Baird Global Industrial Conference on November 9, 2021
Wood Dale, Illinois , Oct. 28, 2021 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR) will present at the 2021 Baird Global Industrial Conference , which is being held virtually, on November 9, 2021 from 9:15 a.m. to 9:45 a.m. Central Standard Time .   A live video webcast will be available on the
Toggle Summary AAR names Lori Knudson Vice President, Chief Ethics and Compliance Officer
Wood Dale , Oct. 20, 2021 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, announced that Lori Knudson has joined the company as Vice President, Chief Ethics and Compliance Officer.
Toggle Summary AAR signs contract with flydubai for continuing Boeing 737NG PBH Component Support
Wood Dale , Oct. 18, 2021 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, announced today that it signed an agreement with flydubai to renew its power-by-the-hour (PBH) component pool and repair support for the
Toggle Summary AAR announces EAGLE fellowship program with Rock Valley College to support Aviation Maintenance Technician students
Wood Dale , Oct. 05, 2021 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, announced a new fellowship program with Rock Valley College in Rockford, Illinois . This initiative is part of AAR´s EAGLE Career Pathway
Toggle Summary AAR and FTAI Aviation announced a joint sustainability initiative helping clients cut carbon emissions
Wood Dale , Sept. 29, 2021 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, and Fortress Transportation and Infrastructure Investors (NYSE: FTAI) announced a joint initiative associated with their CFM56-5B and -7B
Toggle Summary AAR Reports First Quarter 2022 Results
First quarter sales of $455 million , up 14% over the prior year First quarter GAAP diluted earnings per share from continuing operations of $0.31 compared to a loss per share of $(0.40) in Q1 FY2021 Adjusted diluted earnings per share from continuing operations of $0.52 , up 206% from $0.17 in Q1
Toggle Summary AAR extends relationship with Volotea for A320 family PBH component support
Wood Dale , Sept. 21, 2021 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, announced today the extension of its power-by-the-hour (PBH) component support contract with Volotea.
Toggle Summary AAR awarded $41M contract by National Nuclear Security Administration to provide a reconfigured transport aircraft
Wood Dale , Sept. 20, 2021 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, was awarded a firm, fixed-price contract by the Department of Energy’s (DOE) National Nuclear Security Administration (NNSA) for the
Toggle Summary AAR enters exclusive distribution agreement with Arkwin Industries, supporting engine actuation and other commercial aviation products
Wood Dale , Sept. 14, 2021 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, has signed an exclusive distribution agreement with Arkwin Industries . The agreement covers Arkwin’s broad line of engine actuation and
Toggle Summary AAR to announce first quarter fiscal year 2022 results on September 23, 2021
Wood Dale, Illinois , Sept. 09, 2021 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR) today announced that it will release financial results for its first quarter of fiscal year 2022, ended August 31, 2021 , after the New York Stock Exchange trading session on Thursday, September 23, 2021 .
Toggle Summary AAR launches inaugural Environmental, Social and Governance (ESG) Report
Wood Dale , Aug. 24, 2021 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, has published its inaugural Environmental, Social and Governance (ESG) Report. “For over 65 years, we have been committed to the well-being
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