AAR Overview

News Releases

Date Title  
Toggle Summary AAR reports first quarter fiscal year 2024 results
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
Toggle Summary AAR signs exclusive foreign military distribution agreement with Pall Corporation
Wood Dale, Illinois , Sept. 20, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed an exclusive multi-year foreign military distribution agreement with Pall Corporation .
Toggle Summary AAR to announce first quarter fiscal year 2024 results on September 26, 2023
Wood Dale, Illinois , Sept. 12, 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 first quarter of fiscal year 2024, ended August 31, 2023 ,
Toggle Summary AAR and Moog Inc. sign two multi-year commercial agreements
Wood Dale, Illinois , Aug. 29, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed two multi-year commercial agreements with Moog Inc. (NYSE: MOG.A and MOG.B).
Toggle Summary AAR’s Miami Airframe MRO facility expansion approved by Miami-Dade County
Wood Dale, Illinois , July 19, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has received approval from the Miami-Dade County Board of County Commissioners to proceed with the construction of a 114,000
Toggle Summary AAR reports record fourth quarter and fiscal year 2023 results
Fourth quarter sales of $553 million , up 16% over the prior year Fourth quarter GAAP diluted earnings per share from continuing operations of $0.66 in both Q4 FY2023 and Q4 FY2022 Record adjusted diluted earnings per share from continuing operations of $0.83 in Q4 FY2023, up 15% from $0.72 in Q4
Toggle Summary AAR announces extension and expansion of United Airlines MRO relationship, expected facility expansion in Miami
This agreement is expected to bolster AAR’s workforce development efforts, benefiting both companies, the industry, and multiple labor markets. Wood Dale, Illinois , July 17, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government
Toggle Summary AAR names Andrew Schmidt Senior Vice President of AAR Digital Services and Trax
Company looks to accelerate expansion of digital product offerings to new and existing customers Wood Dale, Illinois , July 17, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has named Andrew Schmidt
Toggle Summary AAR named to Newsweek’s America's Greatest Workplaces 2023
This award recognizes AAR’s commitment to empowering, promoting, developing, and supporting employees. Wood Dale, Illinois , July 10, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced that it has
Toggle Summary AAR named to Newsweek’s America’s Greatest Workplaces for Diversity 2023
This award recognizes AAR’s commitment to delivering an inclusive, respectful work environment and its positive impact on employees. Wood Dale, Illinois , July 06, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs,
Toggle Summary AAR to announce fourth quarter fiscal year 2023 results on July 18, 2023
Wood Dale, Illinois , July 05, 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 fourth quarter of fiscal year 2023, ended May 31, 2023 ,
Toggle Summary AAR awarded on the USA Today America’s Climate Leaders 2023 list
Wood Dale, Illinois, June 13, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has been awarded on the USA Today list of America’s Climate Leaders 2023. This prestigious award is presented by USA Today
Toggle Summary AAR to host Investor Day
Wood Dale, Illinois , June 12, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, will host an Investor Day on Thursday, July 20, 2023 , at 9 a.m. ET in New York City .
Toggle Summary AAR names Tom Hoferer Vice President of Repair and Engineering Services
Wood Dale, Illinois , May 22, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today it has selected Tom Hoferer as its Vice President of Repair and Engineering Services.
Toggle Summary AAR to acquire nine Boeing 757-200 passenger aircraft equipped with 18 Rolls-Royce RB211 engines
Wood Dale, Illinois , March 29, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced its subsidiary AAR Supply Chain will acquire nine Boeing 757-200 passenger aircraft equipped with 18 Rolls-Royce
Toggle Summary AAR signs distribution agreement with Cloud Cap Technology, a Collins Aerospace Mission Systems business
Wood Dale, Illinois , March 27, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced a distribution agreement with Cloud Cap Technology , a Collins Aerospace Mission Systems business.  This
Toggle Summary AAR reports third quarter fiscal year 2023 results
Third quarter sales of $521 million , up 15% over the prior year Third quarter GAAP diluted earnings per share from continuing operations of $0.62 , compared to $0.63 in Q3 FY2022 Adjusted diluted earnings per share from continuing operations of $0.75 , up 19% from $0.63 in Q3 FY2022 Third quarter
Toggle Summary AAR acquires Trax, a leading provider of aircraft MRO and fleet management software
•Accelerates AAR’s strategy to offer digital solutions to aftermarket customers •Adds higher-margin services offering with intellectual property and recurring revenue•Expected to be accretive to Adjusted EPS in first full year Wood Dale, Illinois , March 20, 2023 (GLOBE NEWSWIRE) -- AAR CORP.
Toggle Summary AAR elects John W. Dietrich to its Board of Directors
Wood Dale, Illinois , March 17, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that John W. Dietrich has been elected to AAR’s Board of Directors, effective immediately. Mr.
Toggle Summary AAR to announce third quarter fiscal year 2023 results on March 21, 2023
Wood Dale, Illinois , March 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 third quarter of fiscal year 2023, ended February 28, 2023 ,
Toggle Summary AAR names Tracey Patterson Vice President and Chief Human Resources Officer
Wood Dale, Illinois , Feb. 23, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced that Tracey Patterson has joined the Company as Vice President and Chief Human Resources Officer.
Toggle Summary AAR named to the Forbes America’s Best Employers 2023 list
Wood Dale, Illinois , Feb. 15, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has been named to the Forbes list of America’s Best Employers 2023. This prestigious award is presented by Forbes and
Toggle Summary AAR awarded to Newsweek’s America’s Most Responsible Companies 2023 list
Wood Dale, Illinois , Jan. 26, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has been awarded to Newsweek’s list of America’s Most Responsible Companies 2023.
Toggle Summary John M. Holmes Named Chairman of the Board of Directors of AAR CORP.
Wood Dale, Illinois , Jan. 11, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today announced that John M. Holmes , President and Chief Executive Officer of AAR has been named Chairman of the Board of
Toggle Summary AAR increases size and extends maturity of revolving credit facility
Wood Dale, Illinois , Dec. 22, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, recently entered into a $620 million unsecured revolving credit facility. The credit facility is a $20 million increase from
Toggle Summary AAR reports second quarter fiscal year 2023 results
Second quarter sales of $470 million , up 8% over the prior year Second quarter GAAP diluted earnings per share from continuing operations of $0.64 , compared to $0.58 in Q2 FY2022 Adjusted diluted earnings per share from continuing operations of $0.69 , up 30% from $0.53 in Q2 FY2022 WOOD DALE,
Toggle Summary AAR extends distribution relationship with Leach International Corp
Wood Dale, Illinois , Dec. 19, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced an extension of its distribution relationship with Leach International Corp.
Toggle Summary AAR expands Ontic partnership, signing military customer support distribution contract extension and new long-term global commercial distribution agreement
Wood Dale, Illinois , Dec. 15, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has expanded its partnership with Ontic by signing a military customer support distribution contract extension and a new
Toggle Summary AAR to announce second quarter fiscal year 2023 results on December 20, 2022
Wood Dale, Illinois , Dec. 06, 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 second quarter of fiscal year 2023, ended November 30, 2022 ,
Toggle Summary AAR earns 2023 Military Friendly® Employer designations
Wood Dale, Illinois , Nov. 11, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that it earned the 2023 Military Friendly ® Employer Gold designation and 2023 Military Friendly ® Spouse
Toggle Summary AAR launches 2022 Environmental, Social, and Governance (ESG) Report
Wood Dale, Illinois , Oct. 31, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, released its 2022 Environmental, Social, and Governance (ESG) Report, illustrating AAR’s commitment to protecting the
Toggle Summary AAR expands partnership with flydubai, signing multi-year Boeing 737 MAX flight-hour component support contract
Wood Dale, Illinois , Oct. 19, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed a new multi-year flight-hour component support contract, expanding its relationship with flydubai to include
Toggle Summary AAR expands long-term relationship with Unison Industries to become global exclusive distributor for multiple product offerings
Wood Dale, Illinois , Oct. 05, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, signed a long-term agreement with Unison Industries to significantly expand its distribution of Unison’s aviation,
Toggle Summary Airinmar selected by Cebu Pacific to provide warranty management and value engineering support services
Berkshire, England , Sept. 29, 2022 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR) subsidiary Airinmar , a leading independent provider of component repair cycle management and aircraft warranty solutions, signed a new services agreement with Philippines -based low-cost carrier Cebu Pacific.
Toggle Summary AAR reports first quarter fiscal year 2023 results
First quarter sales of $446 million , compared to $455 million in Q1 FY2022 First quarter GAAP diluted earnings per share from continuing operations of $0.62 , compared to $0.31 in Q1 FY2022 Adjusted diluted earnings per share from continuing operations of $0.61 , up 17% from $0.52 in Q1 FY2022
Toggle Summary AAR to announce first quarter fiscal year 2023 results on September 22, 2022
Wood Dale, Illinois , Sept. 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 first quarter of fiscal year 2023, ended August 31, 2022 ,
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