May 03, 1999
Sharp Elected Officer at AAR
WOOD DALE, Ill., /PRNewswire/ -- AAR announced today that Michael Sharp has been elected an Officer of the Company and promoted to Vice President & Controller; he will also serve as Chief Accounting Officer. Sharp joined the Company in 1996 as Controller. Prior to that he was Director, Accounting, Reporting and Control for Kraft Foods. Earlier he was Senior Audit Manager with KPMG Peat Marwick in Chicago.
Timothy J. Romenesko, Vice President and Chief Financial Officer for AAR CORP., commented on the appointment, "I am pleased to recognize Mike's contributions to the continued development of the Corporate Controller's function as well as his expanded role in the Company's drive to Operational Excellence and improved asset turnover."
AAR CORP. (NYSE: AIR) is the preeminent provider of products and value-added services to the worldwide aerospace/aviation industry. Products and services include proprietary inventory management and logistic support services, encompassing supply, repair and manufacture of spare parts and systems. Headquartered in Wood Dale, Illinois, AAR serves commercial and government aircraft fleet operators and independent service customers throughout the world.
SOURCE AAR CORP.
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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.
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AAR resolves Foreign Corrupt Practices Act investigations with the DOJ and SEC
Wood Dale, Illinois — AAR CORP. (NYSE: AIR) (“AAR” or the “Company”) announced today that it has reached resolutions with the Department of Justice (“DOJ”) and the Securities and Exchange Commission (“SEC”) to resolve previously disclosed potential violations of the U.S. Foreign Corrupt Practices Act (the “FCPA”) relating to certain transactions signed in 2016 and 2017 in Nepal and South Africa.
