AAR announced that it is significantly expanding its Composites manufacturing operations with the lease of a 90,000 square-foot facility located at the McClellan Business Park, formerly McClellan Air Force Base, in Sacramento, California. AAR will occupy the portion of the McClellan facility formerly used by the U.S. Air Force for manufacturing composite replacement aircraft parts. […]
AAR to expand composites business Read More »
AAR CORP. released that the initial purchasers of the convertible senior notes issued on February 11, 2008 (the “Notes”) have exercised in full their over-allotment option to purchase an additional $25 million in aggregate principal amount of Notes. The additional Notes will be allocated evenly between the two tranches of Notes, resulting in a total
AAR CORP. reported the completion of a private placement of $125 million aggregate principal amount of 1.625% convertible senior notes due 2014 and $100 million aggregate principal amount of 2.25% convertible senior notes due 2016 (together, the “Notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of
AAR completes $225 million private placement of convertible notes Read More »
AAR released that Robert J. Regan, who will join AAR on March 3, has been selected as the Company’s next general counsel following the retirement of Howard A. Pulsifer who, after 20 years, plans to retire effective June 1, 2008. Regan previously served as a partner at Schiff Hardin LLP, a general practice law firm,
Robert J. Regan to become VP and General Counsel of AAR CORP. Read More »
AAR reported that Donald J. Wetekam has been named Group Vice President of the Company’s Maintenance, Repair and Overhaul (MRO) segment. Wetekam previously served as President and General Manager of AAR’s Aircraft maintenance facility in Oklahoma City. As Group Vice President, Wetekam will oversee all of AAR’s MRO activities and be responsible for growing the
AAR names D.J. Wetekam new Group VP of MRO segment Read More »
AAR reported fiscal 2008 second quarter net sales of $310.6 million and income from continuing operations of $17.9 million. Sales grew 27% from $244.3 million last year, and income from continuing operations increased 28% from $14.0 million in the prior year. For the six months ended November 30, 2007, net sales grew 27% to $616.6
AAR reports 2nd quarter net sales of $310.6 million Read More »
