AAR Corp. reports developments across its aerospace and defense aftermarket services business for commercial airlines, government operators, MROs, and OEMs. Recurring news includes operating and financial results, parts supply agreements, aircraft maintenance and component repair activity, government logistics support contracts, and updates to engineering, certification, and aviation software capabilities.
The company’s current reporting structure includes Parts Supply; Repair, Engineering, and Software; Government Solutions; and Legacy Commercial Programs. Company updates also cover completed acquisitions such as Aircraft Reconfig Technologies, distribution relationships for aircraft and engine components, and software platforms including Trax, Aerostrat, and Airvoyant.
AAR (NYSE: AIR) has signed a multi-year agreement with Airbus Avionics covering the complete portfolio of Airbus radome repairs.
The agreement positions AAR as an Airbus-approved repair station in Asia-Pacific, excluding China, authorized to repair radomes installed on Airbus commercial aircraft. It expands an existing Airbus proprietary repair offering that includes sharklets, elevators, rudders and slats. AAR said the agreement expands its manufacturer-approved structure and component repair capabilities and supports its single-source service offering in the region.
AAR (NYSE: AIR) priced two senior note tranches to help fund its pending acquisition of a controlling interest in MRO Holdings. The offering comprises $955 million at 7.125%, maturing November 15, 2031, and $960 million at 7.375%, maturing November 15, 2034. AAR expects closing on November 17, 2026, subject to customary closing conditions.
AAR intends to combine net proceeds with proceeds from a previously announced private placement of 2,215,791 shares and revolving-credit borrowings to fund acquisition cash consideration, a loan to refinance MRO Holdings' existing credit-agreement debt, transaction expenses and general corporate purposes. AAR will also issue equity valued at approximately $780.8 million as partial acquisition consideration.
AAR (AIR) plans to offer senior notes to help finance its pending acquisition of a controlling interest in MRO Holdings.
The proposed offering comprises $955 million due 2031 and $960 million due 2034, subject to market conditions and other factors. AAR intends to combine the proceeds with proceeds from a previously announced private placement of 2,215,791 common shares and revolving-credit borrowings. Funds would cover acquisition cash consideration, an intercompany loan to refinance MRO Holdings' existing credit-agreement debt, transaction expenses and general corporate purposes.
AAR will also issue equity valued at approximately $780.8 million as acquisition consideration. If the notes close before the acquisition, proceeds will enter escrow and special mandatory redemption provisions will apply.
AAR (NYSE: AIR) amended its revolving credit facility, increasing total commitments to $1.375 billion and extending its maturity. Commitments rose by $550 million from $825 million, while maturity moved from December 2027 to October 2031. The facility remains unsecured and facilitates financing of AAR's pending acquisition of a controlling interest in MRO Holdings.
AAR (AIR) reported fiscal first-quarter 2027 sales of $918.0 million, up 24% from a year earlier. Net income rose to $40.1 million from $34.4 million, and diluted earnings per share increased to $1.00 from $0.95. Operating cash flow was $55.8 million, versus $44.9 million used a year earlier. Operating margin fell to 7.9% from 8.8%.
Parts Supply and Repair, Engineering, and Software sales each grew 31%; Government Solutions sales rose 4%. AAR also entered a definitive agreement to acquire a 65% controlling interest in MRO Holdings. For the second quarter, it forecasts sales growth excluding Legacy Commercial Programs of 14%–16% and adjusted EBITDA margin on that basis of 13.0%–13.4%. Its full-year sales-growth outlook excluding that segment is now low teens, compared with a prior range of low double-digits to low teens. The guidance excludes the proposed acquisition.
AAR (AIR) agreed to acquire a 65% controlling interest in MRO Holdings at an implied $4.0 billion enterprise value. The initial purchase has an equity value of approximately $1.8 billion, and AAR will repay approximately $1.3 billion of MRO Holdings’ existing borrowings. AAR expects to fund the transaction and related expenses with approximately $2.1 billion of new debt, approximately $780 million of shares issued to existing MRO Holdings shareholders at $135 per share, and approximately $230 million from a private equity offering.
MRO Holdings expects approximately $1.0 billion in 2026 sales and $285 million in adjusted EBITDA. AAR estimates a combined adjusted EBITDA margin of approximately 16% before synergies, versus its 12.1% fiscal 2026 margin. It expects $75 million in annualized cost savings and targets a 19% to 20% margin within three to four years after closing. The deal is expected to close in AAR’s fiscal third quarter ending February 2027, subject to regulatory approvals and other closing conditions.
AAR (AIR) will release financial results for its first quarter of fiscal year 2027, ended August 31, 2026, after the close of NYSE trading on Tuesday, September 29, 2026.
The company will host a conference call at 4 p.m. Central time the same day to discuss the results. A listen-only webcast and slides will be available online, with phone access provided to registered participants. A replay of the call will be accessible on-demand at the webcast link for approximately one year after the event.
AAR (NYSE: AIR) announced that senior management will participate in the 2026 Jefferies Global Industrials Conference/b) in New York City on . CEO John M. Holmes will present at 10:50 a.m. Eastern Time, with management also hosting one-on-one and group investor meetings and providing streaming and archived materials online.
AAR (NYSE: AIR) announced that Sanjay Sood has joined the company as Senior Vice President and Chief Digital & Technology Officer, effective August 31, 2026. He will oversee enterprise systems, infrastructure, cybersecurity, data and analytics, and AAR's initiatives to leverage AI and other technologies across its operations.
Sood, who reports to Chairman, President and CEO John M. Holmes, previously served as SVP and CTO at CDW and held senior technology and product leadership roles at HERE Technologies and other firms. He holds a Ph.D. and B.S. in Computer Science from Northwestern University.
AAR (NYSE:AIR) announced it has earned Great Place To Work Certification for 2026, marking its second consecutive year receiving this recognition. The certification is based on employee feedback from AAR's Companywide survey, which showed strong scores in safety, meaningful work, pride in accomplishments, and inclusive culture, with many metrics exceeding Great Place To Work benchmarks.