September 18, 1998
AAR Responds To Inquiries On Stock Trading Activity And Confirms Stock Repurchase Plan
WOOD DALE, ILLINOIS - AAR CORP. today responded to recent inquiries about trading activity in its common stock, stating that it knows of no developments or events that account for recent trading activity. The Company also said that is has been purchasing shares in recent days under its existing share buy-back program.
"We believe that the market price of AAR common stock does not adequately reflect the underlying value of the Company," David P. Storch, President and CEO, said. "Accordingly, we believe the stock presents a good investment opportunity for the Company at this time."
The Company currently has 27,700,000 shares of common stock outstanding. AAR CORP., traded NYSE (AIR), is the premier supplier of aerospace/aviation aftermarket products and services. The company primarily supplies parts and equipment, performs technical services and manufactures proprietary products for the global aviation industry.
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Corporate Marketing & Communications
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AAR reports second quarter fiscal year 2025 results
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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.
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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.
