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AAR appoints Dylan Wolin as Chief Financial Officer

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AAR (NYSE: AIR) appointed Dylan Wolin as Chief Financial Officer, effective February 23, 2026. Wolin will oversee finance, accounting, tax, treasury, investor relations, and corporate development. He previously led AAR's corporate development (2017–2024) and served at Federal Signal (2024–2026).

Sarah Flanagan will return to Vice President, Financial Operations on February 23, 2026. AAR reaffirmed its Q3 and full fiscal year guidance issued January 6, 2026.

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Positive

  • Dylan Wolin appointed CFO effective February 23, 2026
  • Wolin rejoins with prior AAR corporate development experience (2017–2024)
  • Operational leadership experience at Federal Signal as President (2024–2026)
  • Company reaffirmed Q3 and full fiscal year guidance (issued Jan 6, 2026)

Negative

  • Interim CFO Sarah Flanagan will step down from interim role on February 23, 2026, creating a leadership transition

News Market Reaction – AIR

-0.31%
1 alert
-0.31% News Effect

On the day this news was published, AIR declined 0.31%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

CFO effective date: February 23, 2026 Federal Signal tenure: 2024–2026 AAR prior tenure: 2017–2024
3 metrics
CFO effective date February 23, 2026 Start date for Dylan Wolin as Chief Financial Officer
Federal Signal tenure 2024–2026 Period Wolin led specialty vehicle businesses at Federal Signal
AAR prior tenure 2017–2024 Years Wolin led strategy, treasury, and IR at AAR

Market Reality Check

Price: $123.77 Vol: Volume 329,286 is below 2...
normal vol
$123.77 Last Close
Volume Volume 329,286 is below 20-day average 470,725 (relative volume 0.7x) normal
Technical Shares at $113.57, trading above 200-day MA of $78.85 and 2.03% below 52-week high $115.92

Peers on Argus

Peers show mixed moves: TGI +0.7%, SPR +0.92%, VSEC -3.01%, PL -7.97%, MRCY -6.7...

Peers show mixed moves: TGI +0.7%, SPR +0.92%, VSEC -3.01%, PL -7.97%, MRCY -6.7%, suggesting stock-specific factors around AIR’s CFO news.

Common Catalyst Two peers reported company-specific updates (investor events, defense ecosystem initiative), not a unified sector catalyst.

Historical Context

5 past events · Latest: Jan 28 (Positive)
Pattern 5 events
Date Event Sentiment Move Catalyst
Jan 28 MRO expansion Positive -1.3% Expanded Oklahoma City airframe MRO capacity and 200 new jobs.
Jan 14 Contract expansion Positive +4.6% Trax extended multi-year deal adding eMobility and cloud hosting.
Jan 06 Earnings results Positive +1.6% Q2 FY2026 results with double-digit sales and EPS growth plus M&A.
Jan 05 Digital MRO deal Positive +4.2% Thai Airways chose Trax and Aerostrat for digital MRO transformation.
Jan 05 Distribution agreement Positive +4.2% Exclusive commercial distribution agreement with TRIUMPH for actuation parts.
Pattern Detected

Recent operational and commercial wins have more often been followed by positive price reactions, with one notable divergence on facility expansion news.

Recent Company History

Over the past weeks, AAR has highlighted multiple growth drivers. On Jan 5, it began an exclusive TRIUMPH distribution pact and announced Thai Airways selecting Trax and Aerostrat, both followed by ~4.2% gains. Strong Q2 FY2026 results on Jan 6 brought higher sales and EPS with a 1.64% rise. A Trax contract expansion on Jan 14 also coincided with a 4.61% move. Only the Jan 28 MRO expansion saw a modest -1.34% divergence.

Market Pulse Summary

This announcement details AAR’s appointment of Dylan Wolin as CFO effective February 23, 2026, bring...
Analysis

This announcement details AAR’s appointment of Dylan Wolin as CFO effective February 23, 2026, bringing back an executive with prior responsibility for strategy, capital markets, and M&A. It follows a string of growth-focused updates, including recent contracts and facility expansion. Investors may track how his return influences capital allocation, acquisition strategy, and delivery on previously communicated growth plans in the aviation services portfolio.

Key Terms

private placements
1 terms
private placements financial
"a boutique investment bank specializing in financial advisory and private placements."
Private placements are sales of a company’s securities—such as shares or bonds—directly to a small group of selected investors rather than to the general public. Think of it like a private sale to a few buyers who negotiate terms, and it matters to investors because it changes a company’s cash position, can dilute existing ownership, alter control or voting power, and may affect share liquidity and market value when those securities eventually reach public markets.

AI-generated analysis. Not financial advice.

WOOD DALE, Ill., Feb. 11, 2026 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that its Board of Directors has appointed Dylan Wolin as the Company's Chief Financial Officer, effective February 23, 2026. Wolin's responsibilities will include finance, accounting, tax, treasury, investor relations, and corporate development.

"I am eager to partner with John and the rest of the AAR team to drive continued execution of AAR's growth strategy."

Wolin will rejoin AAR from Federal Signal Corporation, where he served as President of Elgin, Trackless, and Vactor, the company's primarily municipal-focused specialty vehicle businesses, from 2024 to 2026.

From 2017 to 2024, Wolin led AAR's strategic and corporate development, treasury, and investor relations functions. He helped lead the Company's portfolio repositioning, capital markets activities, and strategic planning, including the acquisitions of Trax and Triumph Product Support.

Before joining AAR and Federal Signal, Wolin was a Director in Boeing's Corporate Development group, where he was responsible for merger, acquisition, and joint venture transactions. Prior to Boeing, he served as a Vice President in Deutsche Bank's Global Industrials Group within its investment banking division. Earlier in his career, Wolin was an Associate at McManus & Miles, a boutique investment bank specializing in financial advisory and private placements.

Wolin earned a Bachelor of Arts in economics from Tufts University and a Master of Business Administration in finance from the Wharton School of the University of Pennsylvania.

"I worked very closely with Dylan during his seven years at AAR. He was instrumental in developing the strategy we are executing today. I am thrilled he is rejoining our senior leadership team, bringing valuable additional operational and strategic experience," said John M. Holmes, AAR's Chairman, President and CEO. "I would also like to thank Sarah Flanagan for her service as our Interim CFO. Sarah is a deeply valued member of our team, and I am looking forward to her continued leadership in our finance organization."

"AAR's strong team, unique customer value proposition, and exciting additional growth opportunities underscore the Company's compelling future," said Wolin. "I am eager to partner with John and the rest of the AAR team to drive continued execution of AAR's growth strategy."

Sarah Flanagan, the Company's Interim Chief Financial Officer, will return to her previous role as Vice President, Financial Operations, effective February 23, 2026.  

AAR reaffirms its guidance for the third fiscal quarter and full fiscal year issued on January 6, 2026.

For more information on AAR, visit aarcorp.com.

About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. Additional information can be found at aarcorp.com.

This press release may contain certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, reflecting management's expectations about future conditions, including continued execution of the company's growth strategy and guidance related to quarterly and full-year financial results. Forward-looking statements may also be identified because they contain words such as ''anticipate,'' ''believe,'' ''continue,'' ''could,'' ''estimate,'' ''expect,'' ''intend,'' ''likely,'' ''may,'' ''might,'' ''plan,'' ''potential,'' ''predict,'' ''project,'' ''seek,'' ''should,'' ''target,'' ''will,'' ''would,'' or similar expressions and the negatives of those terms. These forward-looking statements are based on beliefs of management, as well as assumptions and estimates based on information currently available to management and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. For a discussion of these and other risks and uncertainties, refer to "Risk Factors" in AAR CORP.'s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond management's control. Management assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Contact:
Media Team
+1-630-227-5100
Editor@aarcorp.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/aar-appoints-dylan-wolin-as-chief-financial-officer-302685667.html

SOURCE AAR CORP.

FAQ

Who is the new CFO of AAR (NYSE: AIR) and when does he start?

Dylan Wolin is the new CFO, starting February 23, 2026. According to the company, he will oversee finance, accounting, tax, treasury, investor relations, and corporate development.

What is Dylan Wolin's background before rejoining AAR (AIR)?

Wolin served as President of several Federal Signal businesses from 2024–2026. According to the company, he previously led AAR's corporate development, treasury, and investor relations from 2017–2024.

What will happen to Interim CFO Sarah Flanagan at AAR (AIR)?

Sarah Flanagan will return to Vice President, Financial Operations effective February 23, 2026. According to the company, she will continue to lead the finance organization in that role.

Does AAR (AIR) change its earnings guidance after the CFO appointment?

No, AAR reaffirmed its Q3 and full fiscal year guidance issued on January 6, 2026. According to the company, the guidance remains unchanged following the appointment.

What responsibilities will AAR's new CFO Dylan Wolin hold at AIR?

Wolin will oversee finance, accounting, tax, treasury, investor relations, and corporate development. According to the company, these areas fall under his CFO responsibilities starting February 23, 2026.