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), headquartered in Wood Dale, Illinois, is a prominent global aerospace and defense contractor with operations in over 20 countries and a workforce of more than 6,500 employees. AAR provides an extensive range of services and products tailored to the aviation and defense sectors. The company's core operations are divided into two main segments: Aviation Services and Expeditionary Services.
Aviation Services encompasses maintenance, repair, and overhaul (MRO) services, parts supply, and integrated solutions for both commercial and government customers. AAR is a leading provider of aftermarket support, ensuring the longevity and reliability of aircraft through advanced repair solutions and efficient supply chain management. The recent acquisition of Triumph Group's Product Support business has significantly enhanced AAR's capabilities in the MRO sector, particularly in the Asia-Pacific region.
Expeditionary Services involves providing mobility solutions, including airlift operations, for government and defense clients. This segment supports the U.S. Department of Defense and various international programs, ensuring the seamless movement of personnel and equipment.
AAR's entrepreneurial culture emphasizes innovation and efficiency, with a focus on being 'close-to-the-customer.' This approach has led to numerous strategic partnerships and contract extensions, such as the multi-year agreements with Philippine Airlines and Cebu Pacific, solidifying AAR's presence in the global aviation market.
Financially, AAR has demonstrated robust performance, with recent quarterly sales reaching $567 million, reflecting a 9% increase over the previous year. The company continues to prioritize growth through strategic acquisitions and expanding its service offerings, as evidenced by the recent extension of its V2500 engine component distribution agreement with Sumitomo Precision Products.
AAR's commitment to environmental, social, and governance (ESG) practices has also been recognized, earning accolades such as America's Best Climate Leaders 2024 and inclusion in Newsweek's America's Greatest Workplaces for Diversity 2024.
For investors seeking comprehensive and up-to-date information on AAR Corp.'s performance and developments, AAR remains a pivotal entity in the aerospace and defense industry, championing both operational excellence and sustainable growth.
AAR (NYSE: AIR) has announced an exclusive distribution agreement with Collins Aerospace’s Goodrich De-Icing & Specialty Heating Systems. Under this agreement, AAR will provide de-icers and related products to airlines and MROs globally. The products, which feature patented technology, are primarily utilized on general aviation and regional turbo-prop aircraft. AAR aims to enhance its offerings for the business and general aviation markets, while Collins Aerospace anticipates that AAR’s expertise will benefit its extensive client base.
AAR CORP. (NYSE: AIR) will release its fiscal Q3 2022 financial results on March 22, 2022, after market close. The results will be discussed in a conference call at 3:45 p.m. Central time on the same day. Interested parties can access the call via specific phone numbers for domestic and international callers. A replay will be available from March 22, 2022, 7:15 p.m. until March 29, 2022, 10:59 p.m. This announcement signals an important opportunity for investors to assess AAR's financial performance amidst its operations in over 20 countries.
AAR CORP. (NYSE: AIR), a leader in aviation services, will present at Citi's 2022 Global Industrial Tech and Mobility Conference on February 23, 2022, at 4:20 p.m. EST. A live video webcast will be available on the company's investor relations website, with a recording accessible afterward. AAR operates globally in over 20 countries, providing services through its Aviation Services and Expeditionary Services segments. Key offerings include Parts Supply, OEM Solutions, Integrated Solutions, and MRO Services.
AAR (NYSE: AIR), a provider of aviation services, announced a 10-year extension of its maintenance, repair, and overhaul contract with IAMCO for NATO’s E-3A AWACS aircraft. This contract will be serviced at AAR’s Amsterdam facility, which has been a trusted partner for two decades and recognized as an “Outstanding Source of Repair.” The partnership aims to continue delivering exceptional service to NATO, reinforcing AAR's longstanding commitment in the aerospace industry.
AAR CORP. (NYSE: AIR) reported second quarter FY2022 sales of $436.6 million, an 8% increase from the prior year, with GAAP diluted EPS at $0.58, up from $0.41. Adjusted EPS rose 71% to $0.53. Operating cash flow reached $15.9 million, totaling $141.9 million over six quarters. The company announced a $150 million share repurchase program. Sales to commercial customers surged 33%, while government sales dipped 15%. Gross margins improved to 18.0%, driven by cost efficiencies. AAR secured a $365 million USAF contract, enhancing its service capabilities.
AAR CORP. (NYSE: AIR) has announced a renewal of its stock repurchase program, authorizing the buyback of up to $150 million of its common shares. CEO John M. Holmes emphasized the company’s commitment to capital allocation, focusing on organic investment, acquisitions, and returning capital to shareholders. The program will be executed through open market purchases or private transactions at management's discretion, with no expiration date on the authorization.
AAR (NYSE: AIR) has secured a ten-year, $365 million contract with the U.S. Air Force Life Cycle Management Center to support F-16 aircraft for the United States Air Forces in Europe (USAFE). This contract will involve aircraft depot-level maintenance and repair, including avionics and structural services. AAR aims to enhance fleet readiness by utilizing its global sustainment infrastructure. The company views this award as a further step in its strategic expansion into government markets.
AAR CORP. (NYSE: AIR) will announce its second quarter financial results for fiscal year 2022, ending November 30, 2021, on December 21, 2021, after the NYSE trading session. A conference call is scheduled for the same day at 3:45 p.m. CT to discuss the results, accessible via specific phone numbers. A replay will be available until December 27, 2021. AAR provides aerospace and defense aftermarket solutions globally, operating in over 20 countries, covering Aviation and Expeditionary Services.
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