Articles from AAR Corp.

Wood Dale, Illinois, Dec. 11, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has added distribution support of select Woodward, Inc. (Woodward) parts under its Supplier Capability Contract with DLA Aviation.

The agreement is expected to bolster AAR’s workforce development efforts, benefiting both companies, the industry, and the Oklahoma labor market.

Berkshire, England, Nov. 16, 2023 (GLOBE NEWSWIRE) -- AAR (NYSEAIR) subsidiary Airinmar, a leading independent provider of component repair cycle management and aircraft warranty solutions, signed a new multi-year services agreement with Turkish-based low-cost carrier Pegasus.

Wood Dale, Illinois, Nov. 15, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that it has earned the 2024 Military Friendly® Gold Employer and Military Friendly® Spouse Employer designations.

Wood Dale, Illinois, Nov. 08, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, launched its 2023 ESG Summary Report, demonstrating the Company’s continued efforts to focus on the environment, drive social responsibility, and govern with integrity.AAR began publishing ESG reports in 2021 to share insight into its current initiatives and their alignment with the Company’s values, along with opportunities identified for future improvement.New to the 2023 report is an ESG commitments statement and overview of ESG governance enhancements. This year, the Company also shared on the ESG page of its website its most recent EEO-1 report that provides demographics of the U.S-based segment of AAR’s workforce and continued to disclose data under GRI, SASB, and TCFD frameworks.“Our 2023 ESG Summary Report demonstrates AAR’s commitment to positively shaping our impact on the environment, communities, and the industry,” said John M. Holmes, AAR’s Chairman, President and CEO. “I’m proud of our efforts to build on successes and create an even brighter future – together.”

Wood Dale, Illinois, Oct. 17, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed a multi-year contract extension with MTU Maintenance, the global market leader in customized solutions for aero engines, to supply parts for Pratt & Whitney PW2000 engines.

Wood Dale, Illinois, Oct. 12, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that Billy Nolen has been elected to AAR’s Board of Directors, effective immediately.

Wood Dale, Illinois, Sept. 20, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed an exclusive multi-year foreign military distribution agreement with Pall Corporation.

Wood Dale, Illinois, Aug. 29, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed two multi-year commercial agreements with Moog Inc. (NYSE: MOG.A and MOG.B). The agreements are the first steps in a new strategic relationship that allows for potential future expansion of the scope of services provided. Under the first agreement, AAR will distribute Moog products applicable to mature aircraft platforms to customers globally. This new OEM relationship complements AAR’s existing product offerings and customer base. Additionally, Moog will benefit from AAR’s value added services, which include a close-to-the-customer model that provides efficient delivery of inventory to the end customer, enabling Moog’s effort for further simplification. The second agreement will enable AAR and Moog to perform reciprocal component repair services. AAR’s component repair facilities will receive support from Moog on manufactured piece parts and repair capability while Moog will receive components from AAR.

Wood Dale, Illinois, July 19, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has received approval from the Miami-Dade County Board of County Commissioners to proceed with the construction of a 114,000 square foot facility adjacent to the Company’s existing hangar at Miami International Airport, as announced earlier this week.

This agreement is expected to bolster AAR’s workforce development efforts, benefiting both companies, the industry, and multiple labor markets.

Company looks to accelerate expansion of digital product offerings to new and existing customers

This award recognizes AAR’s commitment to empowering, promoting, developing, and supporting employees.

This award recognizes AAR’s commitment to delivering an inclusive, respectful work environment and its positive impact on employees.

Wood Dale, Illinois, June 13, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has been awarded on the USA Today list of America’s Climate Leaders 2023. This prestigious award is presented by USA Today and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on May 24, 2023, and can currently be viewed on the USA Today website.

Wood Dale, Illinois, May 22, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today it has selected Tom Hoferer as its Vice President of Repair and Engineering Services. In this role Hoferer will oversee the Company’s Maintenance, Repair, and Overhaul (MRO) Services and Mobility Systems operations.

Wood Dale, Illinois, March 29, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced its subsidiary AAR Supply Chain will acquire nine Boeing 757-200 passenger aircraft equipped with 18 Rolls-Royce RB211 engines from American Airlines.

Wood Dale, Illinois, March 27, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced a distribution agreement with Cloud Cap Technology, a Collins Aerospace Mission Systems business.  This agreement expands AAR’s presence in the Unmanned Aerial System (UAS) market, building on AAR’s civil and government relationships as well as its proven supply chain and sales support processes. AAR will stock, promote, and sell the TASE and Piccolo imaging payload and flight management systems used by manned and unmanned airborne applications to support Intelligence, Surveillance, and Reconnaissance (ISR) missions. Customers are expected to include UAS manufacturers, airframers, as well as civil and government operators.  

•Accelerates AAR’s strategy to offer digital solutions to aftermarket customers •Adds higher-margin services offering with intellectual property and recurring revenue•Expected to be accretive to Adjusted EPS in first full year

Wood Dale, Illinois, March 17, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that John W. Dietrich has been elected to AAR’s Board of Directors, effective immediately.

Wood Dale, Illinois, Feb. 23, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced that Tracey Patterson has joined the Company as Vice President and Chief Human Resources Officer. In this position, Tracey will oversee global Human Resources, Communications, and other functions.

Wood Dale, Illinois, Feb. 15, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has been named to the Forbes list of America’s Best Employers 2023. This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced earlier today and can currently be viewed on the Forbes website.

Wood Dale, Illinois, Jan. 26, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has been awarded to Newsweek’s list of America’s Most Responsible Companies 2023. This prestigious award is presented by Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list can currently be viewed on Newsweek’s website.

Wood Dale, Illinois, Dec. 22, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, recently entered into a $620 million unsecured revolving credit facility. The credit facility is a $20 million increase from the prior facility and extends the maturity of the agreement from September 2024 to December 2027. “We are pleased to have both increased and extended our unsecured revolving credit facility, which recognizes the strength of our credit profile and provides us with significant liquidity and certainty,” said Dylan Wolin, Vice President, Strategic & Corporate Development and Treasurer of AAR CORP. “We would like to thank our lenders for their continued support.”Additional detail can be found in the Credit Agreement filed with AAR’s most recent 10-Q.

Wood Dale, Illinois, Dec. 19, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced an extension of its distribution relationship with Leach International Corp. AAR will continue to stock, promote, and sell electromechanical and solid-state switch gears, such as relays, switches, relay panels, and power distribution units, to OEMs for new production, commercial airlines, and MRO providers, as well as to the military aftermarket, on behalf of Leach.“AAR will continue to help Leach provide the highest level of service for our customers. Leach products are used in a wide range of applications, from commercial aviation to cutting edge defense applications, and AAR’s world-class support ensures Leach parts continue to set the standard for power distribution,” said Elijah Dobrusin, Vice President of Sales & Marketing at Leach. “Our extended agreement makes certain that customers can continue to operate and obtain their critical parts, even in this unprecedented supply chain environment.”“This contract renews our commitment to Leach by buffering the supply chain and supporting Mil-Aero OEMs with their power distribution needs,” said Darren Spiegel, Vice President and General Manager at AAR.  “Leach is the historic leader in aircraft electrification, and AAR is proud to enhance that mission.”For more information on AAR’s OEM Solutions, visit aarcorp.com/.About AARAAR 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 two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair, and Overhaul (MRO) Services. AAR’s Expeditionary Services include Mobility Systems operations. Additional information can be found at aarcorp.com. About LeachA leader in electrical power distribution since 1919, Leach International sets the standard for the design and manufacture of electrical relays, contactors, power distribution assemblies, electrical switches, relays, and control devices. With prominent customers in aviation, space, military, and railway systems, Leach has established a reputation as power distribution experts creating quality products built for longevity and mission-critical performance that meet customer schedule requirements. Additional information can be found at www.leachcorp.com.

Wood Dale, Illinois, Dec. 15, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has expanded its partnership with Ontic by signing a military customer support distribution contract extension and a new long-term global commercial distribution agreement.

Wood Dale, Illinois, Dec. 06, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today announced that it will release financial results for its second quarter of fiscal year 2023, ended November 30, 2022, after the close of the New York Stock Exchange trading session on Tuesday, December 20, 2022.

Wood Dale, Illinois, Nov. 11, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that it earned the 2023 Military Friendly® Employer Gold designation and 2023 Military Friendly® Spouse Employer designation.

Wood Dale, Illinois, Oct. 31, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, released its 2022 Environmental, Social, and Governance (ESG) Report, illustrating AAR’s commitment to protecting the environment, empowering people, and governing and operating with integrity.

Wood Dale, Illinois, Oct. 19, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed a new multi-year flight-hour component support contract, expanding its relationship with flydubai to include additional aircraft in flydubai’s rapidly growing Boeing 737 MAX fleet.

Wood Dale, Illinois, Oct. 05, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, signed a long-term agreement with Unison Industries to significantly expand its distribution of Unison’s aviation, aerospace, and civil land vehicle products.

Berkshire, England, Sept. 29, 2022 (GLOBE NEWSWIRE) -- AAR (NYSEAIR) subsidiary Airinmar, a leading independent provider of component repair cycle management and aircraft warranty solutions, signed a new services agreement with Philippines-based low-cost carrier Cebu Pacific.

Wood Dale, Illinois, July 27, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSEAIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, received official recognition from the Federal Aviation Administration (FAA) for its corporate Safety Management System (SMS) program, making it the first independent third-party MRO organization to implement this system.