aar Archives

AAR and Ontic sign multiple agreements at the 2024 Farnborough Air Show © AAR

AAR and Ontic expand defence and commercial partnerships

AAR CORP. (AAR) has signed multiple long-term distribution agreements with Ontic. These agreements expand the companies’ existing defence and commercial partnerships, enhancing service offerings for the U.S. government and worldwide commercial customers. Under the first defence agreement, AAR will expand its support for U.S. government customers to include a specific list of T55 engine components […]

AAR and Ontic expand defence and commercial partnerships Read More »

AAR posts Q4 fiscal 2024 sales of US$657 million, up 19%

Financial

AAR CORP. has posted fourth-quarter 2024 consolidated sales of US$656.5 million and income from continuing operations of US$9.1 million. For the fourth quarter of the prior year, the company reported sales of US$553.3 million and income from continuing operations of US$23.2 million. Consolidated fourth-quarter sales increased by 19% over the prior year quarter. Consolidated sales

AAR posts Q4 fiscal 2024 sales of US$657 million, up 19% Read More »

LMCES operates an aircraft engine maintenance and repair facility in Montréal, Quebec, with extensive capabilities in engine and piece-part repairs for CFM56 engines © CFM International

AAR, Cebu Pacific sign CFM56-5B surplus material agreement

MRO & Production

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 is to acquire Triumph Product Support for US$725 million in cash

AAR to acquire Triumph Group’s Product Support business

Financial

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 and Moog Inc. sign two multi-year commercial agreements

AAR Corp and Moog sign two multi-year commercial agreements

MRO & Production

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 »

Andrew Schmidt has been appointed SVP of AAR Digital Services and Trax

AAR appoints new SVP of AAR Digital Services and Trax

People

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 and United Airlines extend MRO relationship

MRO & Production

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 reports record third quarter results

Financial / Leave a Comment

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 »

U.S. Army selects AAR for CH-47 component repair services

MRO & Production / Leave a Comment

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 completes acquisition of Avborne Heavy Maintenance

Financial / Leave a Comment

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 and Ontic expand defence and commercial partnerships

AAR posts Q4 fiscal 2024 sales of US$657 million, up 19%

AAR, Cebu Pacific sign CFM56-5B surplus material agreement

AAR to acquire Triumph Group’s Product Support business

AAR Corp and Moog sign two multi-year commercial agreements

AAR appoints new SVP of AAR Digital Services and Trax

AAR and United Airlines extend MRO relationship

AAR reports record third quarter results

U.S. Army selects AAR for CH-47 component repair services

AAR completes acquisition of Avborne Heavy Maintenance

Stay Connected

Subscribe