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AAR Corp. - AIR STOCK NEWS

Welcome to our dedicated news page for AAR (Ticker: AIR), a resource for investors and traders seeking the latest updates and insights on AAR.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect AAR's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of AAR's position in the market.

News
AAR signs extension and expansion of V2500 engine component distribution agreement with Sumitomo Precision Products
Rhea-AI Summary
AAR Corp. (NYSE: AIR) extends and expands its distribution agreement with Sumitomo Precision Products Co., for V2500 engine components, aiming to simplify the supply chain and enhance global support for operators and repair facilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.16%
Tags
none
-
News
AAR awarded Supplier of the Year by Atlas Air Worldwide
Rhea-AI Summary
AAR Corp. (NYSE: AIR) was awarded the 2023 Component Repair Supplier of the Year in the Large Volume Category by Atlas Air Worldwide. AAR's Component Services sites in Texas and Kansas were recognized for outstanding performance and process excellence, showcasing the company's commitment to high-quality repairs and industry-leading performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.8%
Tags
none
-
News
AAR breaks ground on MRO facility expansion in Oklahoma City
Rhea-AI Summary
AAR Corp. (AIR) breaks ground on a new maintenance facility in Oklahoma City, expected to be operational by early 2026. The facility will provide 80,000+ square feet of space for all 737 variants, supporting a maintenance commitment from Alaska Airlines. Funding includes a grant from Oklahoma legislators and airport rent concessions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.2%
Tags
none
News
AAR announces exclusive commercial distribution agreement with TRIUMPH
Rhea-AI Summary
AAR Corp. (NYSE: AIR) announces an exclusive multi-year commercial distribution agreement with TRIUMPH's Actuation Products & Services business unit, expanding AAR's offerings to the commercial aftermarket on key Boeing and Airbus platforms.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.97%
Tags
none
-
News
AAR reports third quarter fiscal year 2024 results
Rhea-AI Summary
AAR CORP. (AIR) reports record third-quarter sales of $567 million, up 9% from the previous year, with GAAP diluted earnings per share of $0.39. The company also closed the acquisition of Triumph Group's Product Support business for $725 million, driving 18% sales growth in the commercial business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.94%
Tags
earnings
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News
AAR elects Jeffrey N. Edwards to its Board of Directors
Rhea-AI Summary
AAR Corp. appoints Jeffrey N. Edwards, a seasoned financial expert, to its Board of Directors, expanding the Board's strength. Edwards' extensive experience in financial services, including roles at Merrill Lynch and current positions at prominent companies, enhances AAR's strategic direction and shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
Tags
management
News
AAR, Cebu Pacific sign CFM56-5B surplus material agreement
Rhea-AI Summary
AAR Corp. (AIR) signs a multi-year agreement with Cebu Pacific to supply surplus material for the CFM56-5B engine, aiming to support 30 scheduled shop visits. The partnership focuses on enhancing parts availability and maximizing value through surplus material use, leading to significant cost savings for Cebu Pacific.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.98%
Tags
none
-
News
AAR to announce third quarter fiscal year 2024 results on March 21, 2024
Rhea-AI Summary
AAR CORP. (AIR) to Release Q3 Fiscal Year 2024 Financial Results on March 21, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.32%
Tags
earnings
-
News
AAR completes acquisition of Triumph Group's Product Support business
Rhea-AI Summary
AAR Corp. (NYSE: AIR) completes the acquisition of Triumph Group's Product Support business for $725 million. The acquisition is funded by a $550 million notes offering and an amendment to AAR's revolving credit facility. This acquisition enhances AAR's repair capabilities, expands its global footprint, and adds expertise to serve its customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.24%
Tags
acquisition
News
TRIUMPH COMPLETES SALE OF PRODUCT SUPPORT BUSINESS TO AAR
Rhea-AI Summary
Triumph Group, Inc. (TGI) completes the sale of its Product Support business to AAR CORP. for $725 million, expecting net proceeds of $700 million. The move aims to reduce debt and focus on OEM component, spares, and IP-based aftermarket business for profitable growth. TRIUMPH will operate as a value-added and IP-based business in aerospace and adjacent markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.24%
Tags
none
Stock AIR logo
AAR Corp.

NYSE:AIR

AIR Rankings

#1733 Ranked by Market Cap
#694 Ranked by Stock Gains
N/A Ranked by Dividends

AIR Stock Data

2.17B
33.02M
4.95%
93.3%
2.7%
Aircraft Engine and Engine Parts Manufacturing
Manufacturing
Link
US
Wood Dale

About AIR

aar is a global aerospace and defense contractor employing more than 6,500 people with 60 locations in 20 countries. based in wood dale, illinois, aar is one of the leading providers of aircraft maintenance and repair, supply chain and logistics management, technology infrastructure and remote airlift services in the world. we serve customers through two operating segments: aviation services and expeditionary services. aar has an entrepreneurial dynamic culture focused on providing innovative solutions that help customers, operate more efficiently. using our “close-to-the-customer” business model, we offer a diverse and balanced mixed products and services that include: aviation services • mro services • parts & supply chain expeditionary services • airlift • mobility aar has 60 years of experience helping customers do more with less. aar’s connected and talented employees drive our dynamic culture, which makes aar a great place to work. with our focus on innovation, the