August 15, 2013
AAR Awarded Major U.S. Airline Reconfiguration Program
Engineering Services to replace seats, galleys and install IFE to improve customer experience
INDIANAPOLIS – Global aerospace leader AAR (NYSE: AIR) announces the award of a B757-200 reconfiguration program for a major U.S. airline. The program – applicable to 56 of the undisclosed carrier’s aircraft - includes replacement of all first and economy class passenger seats and existing galleys, a new In-Flight Entertainment (IFE) system, and updates to the interior to improve aesthetics and the experience for customers.
AAR will provide integration engineering, comprehensive program management, modification parts and installation support, and Federal Aviation Administration (FAA) Supplemental Type Certificate (STC).
“Our team continues to provide high quality engineering and program management, exceeding our customers’ expectations with the completion of each project, and creating even more opportunities for follow-on work,” said Ron Eaton, Vice President, AAR Engineering Services. “There is no better marketing tool than a string of successful, on-time projects and that is what this team produces time and time again. We look forward to once again helping our customer configure their aircraft to meet the latest market demands.”
AAR Engineering Services provides a wide range of high-quality, cost-effective technical services, specializing in interior reconfigurations, structural and systems modifications, and avionics upgrades requiring FAA or foreign regulatory approvals. Engineering Services is just one resource in AAR's 1MRO network of solutions for commercial airlines worldwide. AAR provides customers one-stop shopping for heavy maintenance, landing gear and component repair services as well as parts supply and support, making AAR the No. 1 provider of MRO services in North America and one of the top 3 in the world, according to industry rankings.
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.
Contact
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Corporate Marketing & Communications
+1-630-227-5100
Editor@aarcorp.com
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.
