October 07, 2013
AAR Announces Enhanced Fuel Systems Testing Capabilities
Newly installed system replicates conditions, complexities surrounding next-generation aircraft
GARDEN CITY, New York – AAR (NYSE: AIR) announces it now uses a Bauer Inc. Fuel Component Test System capable of evaluating a wider range of commercial and military fuel products. The new technology allows the facility to replicate engine fuel demands and flow rates specified in testing requirements for a variety of fuel flow instruments installed in current and next-generation aircraft engines and fleets.
The dynamic, modular design of the test system lends itself to components that integrate with a wide variety of engine systems, from smaller regional power plants up to and including the GE90 engine by General Electric installed on the Boeing 777 series of aircraft. The technology also ensures AAR can support the next generation of 787s, A350s and other platforms.
The new fuel 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 is user-friendly and dynamic,” said Pastor Lopez, Vice President, Aircraft Components and Landing Gear Services. “In fact, one of our customers was able to walk through a component test series alongside an AAR engineer with full understanding of what was happening inside the test bench. We’re excited about the services we can offer with this leading-edge system from Bauer.”
AAR offers a wide variety of aviation services that include 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 its 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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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.
