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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.

This agreement supports the continued growth of the facility and the local Rockford workforce. AAR also supports airframe maintenance work for United at its facility in Miami, FL.

Over the next few years, AAR expects to add up to 250 high quality, year-round aviation maintenance technician jobs in Rockford.

“We are excited to expand our partnership with United Airlines and the city of Rockford,” said John Holmes, AAR President & CEO. “We began operations in Rockford four years ago and have built a track record of solid performance. We are very proud to have secured this long term contract with United.”

AAR will continue to leverage its EAGLE Career Pathway Program with a nationwide network of schools which includes Rock Valley College. The EAGLE Program provides a direct pathway to aviation technician jobs at AAR´s facilities as well as providing mentorship opportunities for students while they are enrolled in their Airframe and Powerplant program. In addition, AAR has engaged with Rockford Workforce Connection (RWC) through a variety of solutions to grow the number of technicians as well as supporting specialized training in the aviation field.

AAR provides MRO services from facilities in Illinois, Indiana, Florida, Oklahoma, Quebec and Ontario.

AAR was recently named one of America´s Best Midsize Employers for a third time by Forbes, a Military Friendly® Employer 2021 by VIQTORY, a service-disabled, veteran-owned company; Best for Vets Employers 2020 by Military Times magazine; and U.S. Veterans magazine Top Veteran-Friendly Companies 2020.

For more information about AAR´s MRO Services, visit aarcorp.com/mro/

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About AAR

AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair and Overhaul (MRO) Services. AAR’s Expeditionary Services include Mobility Systems operations. Additional information can be found at www.aarcorp.com.

This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995 which reflect management’s expectations about future conditions. Forward-looking statements may also be identified because they contain words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘continue,’’ ‘‘could,’’ ‘‘estimate,’’ ‘‘expect,’’ ‘‘intend,’’ ‘‘likely,’’ ‘‘may,’’ ‘‘might,’’ ‘‘plan,’’ ‘‘potential,’’ ‘‘predict,’’ ‘‘project,’’ ‘‘seek,’’ ‘‘should,’’ ‘‘target,’’ ‘‘will,’’ ‘‘would,’’ or similar expressions and the negatives of those terms. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. For a discussion of these and other risks and uncertainties, refer to “Risk Factors” in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond the Company’s control. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.