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StandardAero Inc (SARO) delivers specialized aircraft engine maintenance and aerospace aftermarket services for global aviation markets. This dedicated news hub provides investors and industry professionals with essential updates on the company's operations, strategic developments, and market position.
Access authoritative reporting on SARO's engine overhaul contracts, component repair innovations, and regulatory compliance achievements. Our curated collection features earnings disclosures, partnership announcements, and technical service expansions across commercial, military, and business aviation sectors.
Key updates include maintenance program launches, facility expansions, and aviation safety advancements. Bookmark this page for real-time insights into SARO's role in sustaining aircraft fleet operations worldwide. Verify critical information directly through primary sources before making financial decisions.
StandardAero (NYSE: SARO) has secured a significant contract with Lion Air, Indonesia's largest private airline, to provide maintenance, repair & overhaul (MRO) support for their CFM56-7B turbofan engines. The agreement covers performance restoration shop visits for Lion Air's fleet of over 100 Boeing 737-800 and -900 aircraft.
The MRO services will be conducted at StandardAero's CFM-authorized facility in Winnipeg, Canada, with the first engine inducted last December. StandardAero has recently celebrated its 1,000th CFM56-7B shop visit and has expanded its capabilities with a second service line at DFW International Airport. The company also provides component repair, used serviceable material management, and engine health monitoring services.
StandardAero (NYSE: SARO) has scheduled its first quarter 2025 earnings release for Monday, May 12, 2025, after market close. The company will host a conference call at 5:00 PM ET the same day to discuss the results.
Investors can access the live webcast through StandardAero's investor relations website. For direct participation, attendees can dial (877) 407-9762 or (201) 689-8538. A replay will be available through May 26, 2025, accessible via the archived webcast or by calling (877) 660-6853 or (201) 612-7415 with access code 13753179.
StandardAero (NYSE: SARO) has announced the pricing of its upsized secondary offering of 36,000,000 shares of common stock by its major stockholders, The Carlyle Group Inc. and GIC Private affiliates. The shares are priced at $28.00 per share.
The selling stockholders have granted underwriters a 30-day option to purchase up to 5,400,000 additional shares. The offering is expected to close on March 27, 2025. StandardAero will not receive any proceeds from this offering as all net proceeds will go to the selling stockholders.
The offering is led by multiple joint book-running managers including J.P. Morgan, Morgan Stanley, RBC Capital Markets, BofA Securities, UBS Investment Bank, and Jefferies. The securities offering is made through a registration statement declared effective by the SEC on March 25, 2025.
StandardAero (NYSE: SARO) has announced a significant secondary offering where two major stockholders - affiliates of The Carlyle Group Inc. and GIC Private - plan to sell 30,000,000 shares of common stock. The underwriters will have a 30-day option to purchase up to an additional 4,500,000 shares.
The offering will be managed by joint lead book-running managers J.P. Morgan, Morgan Stanley, and RBC Capital Markets. StandardAero will not receive any proceeds from this transaction as all net proceeds will go to the selling stockholders. The offering is pending effectiveness of a Form S-1 registration statement filed with the SEC and is subject to market conditions.
StandardAero (NYSE: SARO) has appointed Rama Bondada as Vice President of Investor Relations, effective March 17, 2025. In this newly created position, Bondada will develop and execute the company's investor relations program, managing relationships with the investment community and overseeing financial results communication.
Bondada brings over 15 years of equity investing experience from firms including First Manhattan, Balyasny Asset Management, and Lord, Abbett & Co. He previously served as VP of Investor Relations, Corporate Strategy and U.S. Corporate Development at Lilium Aviation, where he also held the interim CFO position. His background includes roles at Lockheed Martin and Honeywell Aerospace.
StandardAero is a pure-play provider of aerospace engine aftermarket services for fixed- and rotary-wing aircraft, offering maintenance, repair, overhaul, and engineering solutions for commercial, military, and business aviation markets.
StandardAero (NYSE: SARO) reported strong Q4 2024 and full-year results, marking significant growth. Q4 revenue increased 21.8% to $1,409.6M, though recording a net loss of $14.1M due to transaction costs. Q4 Adjusted EBITDA rose 37.2% to $186.2M with a 13.2% margin.
Full-year 2024 performance showed revenue growth of 14.8% to $5,237.2M, with net income of $11.0M. The company completed a $1.7B IPO, using $1.2B net proceeds to reduce debt. The refinanced capital structure is expected to save over $130M in annual interest compared to pre-IPO levels.
Growth was driven by strong performance in both Engine Services and Component Repair Services segments. Commercial aerospace market grew 33% in Q4, while business aviation increased 11%. The company achieved a Net Debt to Adjusted EBITDA Leverage Ratio of 3.1x as of December 31, 2024.
StandardAero (NYSE: SARO), a leading aerospace aftermarket services provider, has appointed Derek Kerr to its Board of Directors, effective February 18, 2025. Kerr brings nearly four decades of aviation experience, having most recently served as Vice Chair of American Airlines and President of American Eagle. His previous roles include Executive Vice President and CFO positions at American Airlines, U.S. Airways, and America West Airlines.
Kerr holds an MBA and a Bachelor's in Aerospace Engineering from the University of Michigan. StandardAero specializes in engine maintenance, repair and overhaul, component repair, field service support, asset management, and engineering solutions for fixed- and rotary-wing aircraft in commercial, military, and business aviation markets.
KBR (NYSE: KBR) has announced the unanimous election of Lt. General Wendy M. Masiello as Lead Independent Director, effective from the company's 2025 annual meeting of stockholders in May 2025. Lt. General Masiello, who has served on KBR's Board since August 2017, currently chairs the Cybersecurity Committee and serves on the Compensation Committee and Sustainability & Corporate Responsibility Committee.
As a three-star General of the U.S. Air Force, Masiello brings extensive experience and deep understanding of KBR's strategic vision and operations. The appointment follows a thorough Board evaluation process, with KBR Chair General Lester L. Lyles highlighting Masiello's leadership capabilities, operations experience, and accomplished government career as key qualifications for the role.
The Board has also enhanced the Lead Independent Director duties, which are detailed in the Company's Corporate Governance Guidelines.
StandardAero (NYSE: SARO) has announced it will release its fourth quarter and full fiscal year 2024 financial results after market close on Monday, March 10, 2025. The company will host a conference call to discuss the results at 5:00 PM ET on the same day.
Investors can access the live webcast through StandardAero's investor relations website at ir.standardaero.com/news-events/events. The earnings release and presentation will be available on the website before the call. For telephone access, participants can dial (877) 407-9762 or (201) 689-8538.
A replay will be available through the archived webcast or by dialing (877) 660-6853 or (201) 612-7415 with access code 13750898. The replay will remain accessible until 11:59 PM ET on March 24, 2025.
StandardAero (NYSE: SARO) has secured a significant 15-year agreement with a major Middle East airline for CFM LEAP engine maintenance services. The company's San Antonio facility will provide comprehensive engine and component repair services for LEAP-1A (Airbus A320neo) and LEAP-1B (Boeing 737 MAX) engines.
The 810,000 sq. ft. San Antonio facility began accepting light workscope LEAP shop visits in March 2024 and inducted its first Performance Restoration Shop Visit (PRSV) in late 2024. StandardAero has already industrialized over 260 component repairs for LEAP engines through its Component Repair Services network.
This agreement follows StandardAero becoming the first non-airline CFM Branded Service Agreement holder in the Americas for LEAP-1A and LEAP-1B in March 2023. The company now serves operators across multiple continents through its Total Engine Asset Management services portfolio.
