November 20, 2013
AAR Adds Enhanced Rotary Actuator Component Testing Capabilities
Newly installed system replicates conditions, complexities experienced by flight controls and structural systems on next-generation aircraft
GARDEN CITY, New York – AAR (NYSE: AIR) has implemented a Bauer Inc. Rotary Actuator Component Test System capable of evaluating a wider range of commercial and military hydraulic and electric actuation products installed on next-generation aircraft.
The new technology enables AAR to replicate demands, loads, cycles, and motions specified in testing requirements for a variety of actuators in current and next-generation engines and fleets. The system’s dynamic, modular design allows testing of components that integrate with a variety of flight control and structural systems, from door actuators through major flight surfaces such as flaps, spoilers, and ailerons. The technology ensures that AAR can support the next generation of 787s, A350s, and other platforms.
The new rotary actuator system testing capability is part of a broad range of component repair, overhaul, and exchange services offered by AAR through its Aircraft Component Services facilities in New York and Amsterdam.
“The system represents the state-of-the art in our industry,” said Pastor Lopez, Vice President, Aircraft Components and Landing Gear Services. “It builds upon current capabilities to ensure we remain a leading provider of accessory component MRO services and provides an entry point into next-generation flight controls. We’re excited about the services we can offer with this leading-edge system from Bauer.”
AAR’s wide variety of aviation services includes aircraft maintenance, repair, and overhaul and supply chain capabilities for commercial airlines, defense agencies, and OEMs. AAR Aircraft Component Services has been recognized for excellence by Boeing and as an “Outstanding Source of Repair” by NATO for component repair services.
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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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.
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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.
