JAT Tehnika and Pratt & Whitney entered into a non-exclusive MRO agreement for the complete portfolio of Global Material Solutions life-limited and gas-path parts for CFM56-3 engines. The agreement is valued at $11M for the initial five-year contract term with an optional five year extension.

AAR acquires Trax to accelerate digital solutions strategy
Chicago-headquartered AAR CORP. (AAR) has announced its acquisition of Trax Corp. (trax), a leading independent provider of aircraft MRO and fleet management software to accelerate its digital solutions strategy. AAR is a global aerospace and defence aftermarket solutions company with operations in over 20 countries. It supports commercial and government customers through two operating segments: