AAR CORP. and Cebu Pacific have inked a multi-year deal aimed at supplying surplus material for the CFM56-5B engine. Under the terms, AAR will provide support for the 30 CFM56-5B scheduled shop visits planned by Cebu Pacific throughout the contract period. Shevantha Weerasekera, Vice President for Engineering and Fleet Management at Cebu Pacific, expressed pride […]
AAR, Cebu Pacific sign CFM56-5B surplus material agreement Read More »
AAR CORP. has entered into a definitive agreement with Triumph Group to purchase Triumph Product Support for US$725 million in cash. As part of the transaction, AAR expects to receive estimated tax benefits with a present value of approximately US$80 million. Including the estimated tax benefits, the effective purchase price multiple is expected to be
AAR to acquire Triumph Group’s Product Support business Read More »
AAR Corp. has signed two multi-year commercial agreements with Moog Inc, a worldwide designer, manufacturer, and integrator of precision motion and fluid controls and controls and systems. The agreements are the first steps in a new strategic relationship that allows for potential future expansion of the scope of services provided. Under the first agreement, AAR will
AAR Corp and Moog sign two multi-year commercial agreements Read More »
AAR Corp. has appointed Andrew Schmidt as the Senior Vice President (SVP) of AAR Digital Services and Trax. In this role, Schmidt will collaborate closely with the Trax founders and leadership team to drive the expansion of the Trax business. His key responsibilities will involve growing the customer base, improving customer support, and introducing new
AAR appoints new SVP of AAR Digital Services and Trax Read More »
AAR CORP., has signed an agreement with United Airlines (United) to extend its existing airframe MRO services relationship through 2030 and expand its heavy maintenance commitments. Under this agreement, AAR has committed to growing its dedicated airframe narrow-body capacity to provide United Airlines a minimum of ten lines of maintenance support across AAR’s Miami, Florida
AAR and United Airlines extend MRO relationship Read More »
AAR reported fiscal 2008 third quarter net sales of $376.6 million and income from continuing operations of $20.3 million. Sales grew a robust 39% from $271.0 million in the same period last year, and income from continuing operations increased 31% from $15.5 million in the third quarter of the prior year. Organic sales growth was
AAR reports record third quarter results Read More »
AAR has been awarded a five-year contract by the U.S. Army for the repair and overhaul of a key control component on the CH-47 (Chinook) helicopter, valued at $25 million. The work will be performed by AAR Aircraft Component Services — New York and is scheduled to begin in March 2008.
U.S. Army selects AAR for CH-47 component repair services Read More »
AAR has completed the acquisition of Avborne Heavy Maintenance, an independent provider of aircraft heavy maintenance checks, modifications and painting services located in Miami, Florida. The newly acquired business will operate as part of the Company’s Maintenance, Repair and Overhaul (MRO) segment as AAR Aircraft Services — Miami. The acquisition significantly increases the Company’s MRO
AAR completes acquisition of Avborne Heavy Maintenance Read More »
AAR has signed an agreement to acquire Avborne Heavy Maintenance, Inc. (Avborne) and a related entity from AHM Holding, Corp. Avborne is an independent provider of aircraft heavy maintenance checks, modifications, installations and painting services to commercial airlines, international cargo carriers and major aircraft leasing companies. Founded in 1985, Avborne performs heavy maintenance on both
AAR to acquire Avborne Heavy Maintenance Read More »
AAR CORP. has received an order to provide containerized roll-in/out platforms (CROP) for the U.S. Army, valued at $28 million. The specialized equipment, which is used primarily to transport ammunition, will be manufactured by AAR SUMMA Technology in Cullman, Alabama through June 2009. The order was placed as part of a five-year Indefinite Delivery/Indefinite Quantity
AAR receives $28 million order for container roll in/out platforms Read More »
