AAR completes sale of Landing Gear Overhaul business
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 Corp (NYSE: AIR) ha completato la vendita della sua attività di revisione del carrello di atterraggio a GA Telesis per 51 milioni di dollari. La dismissione, annunciata inizialmente il 20 dicembre 2024, si allinea con il piano strategico di AAR per ottimizzare il proprio portafoglio e concentrarsi sui servizi post-vendita nel settore dell'aviazione.
La transazione rappresenta l'impegno di AAR a semplificare le operazioni e investire nelle funzioni principali che guideranno la crescita mirata e le iniziative di espansione dei margini. L'azienda punta a migliorare la propria posizione nel settore dei servizi aeronautici, servendo operatori commerciali e governativi, MRO e OEM.
AAR Corp (NYSE: AIR) ha completado la venta de su negocio de revisión de trenes de aterrizaje a GA Telesis por 51 millones de dólares. La desinversión, anunciada inicialmente el 20 de diciembre de 2024, está alineada con el plan estratégico de AAR para optimizar su cartera y centrarse en los servicios de posventa de aviación.
La transacción representa el compromiso de AAR de simplificar las operaciones e invertir en funciones clave que impulsarán el crecimiento dirigido y las iniciativas de expansión de márgenes. La empresa busca mejorar su posición en el sector de servicios de aviación, atendiendo a operadores comerciales y gubernamentales, MRO y OEM.
AAR Corp (NYSE: AIR)는 5,100만 달러에 GA Telesis에 착륙 장치 수리 사업을 매각했습니다. 이 매각은 2024년 12월 20일에 처음 발표되었으며, AAR의 포트폴리오를 최적화하고 항공기 애프터마켓 서비스에 집중하기 위한 전략 계획과 일치합니다.
이번 거래는 AAR이 운영을 간소화하고 목표 성장 및 마진 확대 이니셔티브를 추진하기 위해 핵심 기능에 투자하겠다는 의지를 나타냅니다. 회사는 상업 및 정부 운영자, MRO 및 OEM을 대상으로 항공 서비스 부문에서의 입지를 강화하는 것을 목표로 하고 있습니다.
AAR Corp (NYSE: AIR) a finalisé la vente de son activité de révision de trains d'atterrissage à GA Telesis pour 51 millions de dollars. Cette cession, annoncée initialement le 20 décembre 2024, s'inscrit dans le plan stratégique d'AAR visant à optimiser son portefeuille et à se concentrer sur les services après-vente dans le secteur de l'aviation.
La transaction représente l'engagement d'AAR à rationaliser ses opérations et à investir dans des fonctions clés qui favoriseront la croissance ciblée et les initiatives d'expansion des marges. L'entreprise vise à renforcer sa position dans le secteur des services aéronautiques, en servant des opérateurs commerciaux et gouvernementaux, des MRO et des OEM.
AAR Corp (NYSE: AIR) hat den Verkauf seines Geschäfts für die Überholung von Fahrwerken an GA Telesis für 51 Millionen Dollar abgeschlossen. Die Veräußerung, die ursprünglich am 20. Dezember 2024 angekündigt wurde, steht im Einklang mit dem strategischen Plan von AAR, das Portfolio zu optimieren und sich auf die Kernservices im Bereich der Luftfahrt nach dem Verkauf zu konzentrieren.
Die Transaktion zeigt das Engagement von AAR, die Abläufe zu straffen und in Kernfunktionen zu investieren, die gezielte Wachstums- und Margenausweitungsinitiativen vorantreiben werden. Das Unternehmen zielt darauf ab, seine Position im Luftfahrtservice-Sektor zu stärken, indem es kommerzielle und staatliche Betreiber, MROs und OEMs bedient.
- Sale of non-core business generates $51 million in cash proceeds
- Strategic portfolio optimization to focus on core aviation aftermarket services
- Alignment with company's margin expansion initiatives
- Loss of revenue stream from Landing Gear Overhaul business
- Reduction in business diversification
On December 20, 2024, AAR announced it had entered into a definitive agreement to divest the business as part of the Company's strategic plan to optimize its portfolio by investing in core functions that will accelerate its targeted growth and margin expansion initiatives.
"The divestiture of our Landing Gear Overhaul business is another step to enhance our portfolio and focus on growing our core aviation aftermarket services," said John M. Holmes, AAR's Chairman, President and CEO. "I want to thank our Landing Gear team for their many contributions to AAR over the years and wish them and GA Telesis success in the future."
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
About GA Telesis
GA Telesis, a global leader in aerospace solutions, is renowned for its unmatched excellence in aftermarket services and lifecycle management. The GA Telesis Ecosystem™ is a vast global network spanning 54 locations in 30 countries on six continents. The company's integrated solutions include parts and distribution services, logistics solutions, inventory management, leasing and financing, engine overhaul, and MRO services. GA Telesis is committed to sustainability through innovative sustainability initiatives and advanced technologies, including digital transformation, and using advanced materials. The company's aerospace systems and connected aircraft technologies drive efficiency and performance, while its MRO network and 24/7 AOG support provide unparalleled reliability.
This press release contains certain statements relating to future business opportunities and conditions, as well as anticipated benefits of the divestiture by AAR CORP. (the "Company") of the Company's Landing Gear Overhaul business (the "Divestiture"). Such statements are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995 and reflect management's expectations about future conditions. 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. Factors that may cause actual results to differ materially from current expectations include, among others, risks associated with the Company's ability to realize the anticipated benefits of the Divestiture as rapidly or to the extent anticipated; the effect of the Divestiture on the Company's operating results and business generally; and other factors that could affect the Company's business, results of operations and financial condition. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, 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 the Company's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as well as the Company's other subsequent filings with the Securities and Exchange Commission. 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 and the anticipated benefits of the Divestiture may not be realized. These events and uncertainties are difficult or impossible to predict accurately and many are beyond the Company's control. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company 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, except as required by law. |
Contact:
Media Team
+1-630-227-5100
Editor@aarcorp.com
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SOURCE AAR CORP.
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