Welcome to our dedicated page for Aar news (Ticker: AIR), a resource for investors and traders seeking the latest updates and insights on Aar stock.
AAR Corp (NYSE: AIR) delivers essential aerospace and defense aftermarket solutions through its Aviation Services and Expeditionary Services segments. This page provides centralized access to official press releases, financial updates, and strategic developments impacting AIR's operations across 20+ countries.
Investors and industry professionals will find timely updates on maintenance repair operations (MRO), parts supply chain innovations, and defense logistics contracts. Our curated news feed covers earnings announcements, government contract awards, technology partnerships, and market expansion initiatives.
Key content includes analysis of AIR's dual commercial-government revenue streams, expeditionary airlift service developments, and supply chain optimization efforts. All materials maintain strict compliance with financial disclosure regulations while avoiding speculative commentary.
Bookmark this page for direct access to AIR's verified corporate communications and third-party analyses of its market position in the $900B+ global aerospace sector. Regular updates ensure stakeholders stay informed about operational milestones affecting this NYSE-listed industry leader.
AAR CORP. (NYSE: AIR) has signed a significant Supply Chain Alliance charter with the U.S. Defense Logistics Agency (DLA) Aviation's Supply Center in Richmond, becoming their first Supply Chain Alliance partner. The agreement aims to maximize procurement efficiencies by providing AAR with a centralized resource for contract quote, award, and execution.
This charter follows a previous Supply Chain Alliance executed with DLA Maritime in September 2024, focusing on enhancing readiness through strategic stocking and expedited work award processes. The partnership is designed to strengthen joint support of the nation's warfighter by adding agility and resilience to logistics support through AAR's comprehensive distribution services.
Trax, a provider of paperless aviation maintenance software, has been selected by Amerijet International Airlines to implement its eMRO and eMobility suite. The implementation includes QuickTurn, TaskControl, Line Control, and EzStock mobile apps, along with cloud hosting services.
The cloud-based solution will enable real-time access to information and transactions, with offline mode capability. Amerijet anticipates improvements in productivity, data accuracy, and operational performance through this digital transformation initiative.
The selection came after Amerijet's comparison of multiple maintenance and engineering solutions, focusing on quality, efficiency, and compliance requirements.
Trax and Rolls-Royce have announced the launch of a groundbreaking interface connecting Trax's eMRO application with Rolls-Royce's Blue Data Thread platform. This integration enables real-time data exchange between maintenance systems, enhancing aircraft maintenance efficiency and reliability.
The interface will be available to operators of the Trent 1000, Trent 7000, and Trent XWB engine families as a complimentary 'out of the box' solution in 2025. The integration supports Rolls-Royce's IntelligentEngine platform's digital twin capabilities, facilitating more accurate maintenance forecasting and helping maintain longer engine on-wing performance while reducing shop visit frequency.
Trax has announced a partnership with SIA Engineering Company (SIAEC) to power their new paperless maintenance, repair, and overhaul (MRO) facility in Malaysia. The state-of-the-art facility, Base Maintenance Malaysia (BMM), will utilize Trax's eMRO and eMobility products for complete digital operations.
The implementation includes key features such as:
- Paperless task execution through TaskControl application
- Expedited maintenance check packages
- Optimized resource planning via Production Control application
- Comprehensive inventory and tool management
- Digital contract and cost management
This collaboration represents a significant milestone in aviation industry's paperless transformation, focusing on enhancing operational efficiency, quality, safety, and reliability for global customers.
AAR Corp (NYSE: AIR) has appointed Sharon Purnell as Senior Vice President and Chief Human Resources Officer. Purnell, who brings over 20 years of HR experience, will lead the company's global Human Resources department, overseeing recruitment, talent management, and engagement initiatives.
Prior to joining AAR, Purnell served as Chief Human Resources Officer at Stepan Company, where she led development, retention, and cost-saving efforts. Her previous experience includes serving as CHRO at Streamland Media, where she managed multiple company integrations and optimized employee benefits. She has also held HR leadership positions at Riddell Sports, Underwriters Laboratories, Honeywell Aerospace, and General Electric Company.
AAR CORP. (NYSE: AIR) has formed a joint venture called KALS with KIRA Aviation Services under the federal government's Small Business Administration Mentor-Protégé Program. The venture has secured a significant E-6B Mercury pilot training contract from the U.S. Navy.
The contract, structured as a firm fixed-price indefinite-delivery/indefinite-quantity agreement, will provide in-flight training and currency for Naval Aviators. Operations will be conducted in Oklahoma City through March 2027. Through this partnership, AAR will share its aviation expertise with KIRA, helping the small business develop new capabilities and positioning it for future growth.
The joint venture combines AAR's extensive experience with KIRA's service reputation, aiming to meet Department of Defense needs for maintenance and supply chain services. KIRA currently provides base operations and facility support to the U.S. government.
AAR Corp (NYSE: AIR) has completed the sale of its Landing Gear Overhaul business to GA Telesis for $51 million. The divestiture, initially announced on December 20, 2024, aligns with AAR's strategic plan to optimize its portfolio and focus on core aviation aftermarket services.
The transaction represents AAR's commitment to streamline operations and invest in core functions that will drive targeted growth and margin expansion initiatives. The company aims to enhance its position in the aviation services sector, serving commercial and government operators, MROs, and OEMs.
AAR (NYSE: AIR) has been awarded the prestigious Top Shop for Best Total Solutions Provider Repair by The145.com, recognizing excellence in aviation maintenance services. The award acknowledges AAR's comprehensive suite of high-quality solutions and nose-to-tail life cycle services for customers.
The recognition comes amid fierce competition, with over 16,000 nominations and nearly 11,000 votes cast across categories. AAR also received 10 additional Top Shop award nominations, including nominations for all its Component Services facilities.
The company will be honored at the annual Top Shop Awards Banquet on April 7, 2025, at the Georgia Aquarium in Atlanta.
AAR CORP. (NYSE: AIR), a leading aviation services provider, has achieved Great Place To Work Certification™, with 72% of employees rating it as a great workplace - 15 points above the U.S. company average. The certification, awarded by Great Place To Work®, the global authority on workplace culture, is based exclusively on current employee feedback.
The recognition highlights AAR's commitment to employee experience and workplace culture. John M. Holmes, AAR's Chairman, President and CEO, emphasized the company's focus on putting their people first and expressed pride in the team's overwhelming positive feedback regarding their shared achievements.
AAR (NYSE: AIR) reported strong Q3 FY2025 results with sales reaching $678.2 million, a 20% increase year-over-year. The company achieved adjusted diluted EPS of $0.99, up 16%, and adjusted EBITDA of $81 million, a 39% increase with margin expanding to 12.0%.
Key segment performance showed Parts Supply sales up 12% and Repair & Engineering segment sales increasing 53% year-over-year. However, the company reported a GAAP net loss of $8.9 million due to a $63.7 million pre-tax charge related to the planned divestiture of its Landing Gear Overhaul business for $51 million.
Notable new business wins include exclusive distribution agreements with Chromalloy for PW4000 PMA parts and with Unison for DLA parts, plus agreements with Cebu Pacific Air for engine services and Cathay Pacific for Trax software. The company's net leverage improved from 3.58x to 3.06x over the past year.
