October 31, 2012
AAR Develops Stronger Panels for Interior Cabinetry in Business Jets
Aerospace leader’s design enhances strength, durability, reduces labor
ORLANDO, Florida — AAR (NYSE: AIR) announces development of a line of fiberglass-skinned flat panels for business jet cabinetry that features increased strength performance. AAR representatives will have samples of the panels on hand in Booth 3775 at the National Business Aviation Association (NBAA) Convention in Orlando October 30 through November 1.
With applications for interior cabinets and credenzas, the new flat panels use a phenolic resin formulation that has been tested to show up to a 10 percent increase in bending properties and twice the skin peel strength of previous formulations, while maintaining the flammability performance normally associated with phenolic panels.
“The new panels are a better alternative for manufacturers, adding strength without adding weight,” said Tim Dumbauld, Vice President and General Manager for AAR’s precision machining and composites fabrication businesses. “The surface finish is also ready for paint, which cuts down on labor for the cabinet maker, compared with other composite panels on the market.”
The new panels are being approved by the FAA to establish published A-basis and B-basis structural tested values. AAR plans to strategically locate inventories of the new panels to streamline shipments and minimize lead times.
AAR’s Composites business, based in Clearwater, Florida, serves the aerospace industry with high-value, quality engineered composite solutions. A second manufacturing facility in Sacramento, California, houses test labs, manufacturing space and engineering offices to bring any composite structure from concept to production.
About AAR
AAR is a global aftermarket solutions company that employs more than 6,000 people in over 20 countries. Based in Wood Dale, Illinois, AAR supports commercial aviation and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; engineering services and component repair. AAR’s Expeditionary Services include airlift operations; mobility systems; and command and control centers in support of military and humanitarian missions. More information can be found at www.aarcorp.com.
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This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, including those factors discussed under Item 1A, entitled “Risk Factors”, included in the Company’s Form 10-K for the fiscal year ended May 31, 2018. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond the Company’s control. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. For additional information, see the comments included in AAR’s filings with the Securities and Exchange Commission.
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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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