December 07, 1998
AAR Believes Recent Stock Activity Unrelated To Fundamental Performance, Outlook
WOOD DALE, ILLINOIS -- AAR CORP.President and Chief Executive officer David P. Storch said today that AAR believes recent activity in the Company's share price and volume is not reflective of the fundamental performance and outlook of the Company.
"AAR's fundamental performance and outlook remain solid," Storch said. "Management believes that last week's activity in our stock is related to Boeing Aircraft's recently announced difficulties. Management would like to reiterate that as a customer, Boeing accounts for less than one percent of AAR's business. In addition, as previously noted, AAR derives less than three percent of revenues from the depressed Asian market which Boeing cited as a cause of some of its problems." Storch went on to say, "Typically, a reduction in the delivery of new aircraft creates greater demand for support services for the existing world fleet."
Contact
Media Team
Corporate Marketing & Communications
+1-630-227-5100
Editor@aarcorp.com
AAR CORP., traded NYSE (AIR), and headquartered in Wood Dale, Illinois, is a leading supplier of aerospace/aviation products and services. The Company primarily supplies parts and equipment, performs technical services and manufactures proprietary products for the global aviation industry.
Related news
See all
January 07, 2025
AAR reports second quarter fiscal year 2025 results
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, reported today financial results for the fiscal year 2025 second quarter ended November 30, 2024.
December 23, 2024
AAR named one of America’s Most Responsible Companies 2025 by Newsweek
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, is proud to announce it has been recognized by Newsweek as one of America’s Most Responsible Companies 2025. This prestigious award is presented in collaboration with Statista, the world-leading statistics portal and industry ranking provider. The awards list was announced earlier this month and can currently be viewed on Newsweek’s website.
December 20, 2024
AAR announces divestiture of non-core Landing Gear Overhaul business to optimize portfolio
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that it has entered into a definitive agreement to divest its Landing Gear Overhaul business to GA Telesis. The transaction is valued at $51 million and is expected to close in the first quarter of the 2025 calendar year, subject to customary and regulatory closing conditions. The divestiture will be immediately accretive to margins and earnings.
