Aar Corp Stock Price, News & Analysis

AAR (NYSE: AIR), a provider of aviation services, announced a 10-year extension of its maintenance, repair, and overhaul contract with IAMCO for NATO’s E-3A AWACS aircraft. This contract will be serviced at AAR’s Amsterdam facility, which has been a trusted partner for two decades and recognized as an “Outstanding Source of Repair.” The partnership aims to continue delivering exceptional service to NATO, reinforcing AAR's longstanding commitment in the aerospace industry.

AAR CORP. (NYSE: AIR) reported second quarter FY2022 sales of $436.6 million, an 8% increase from the prior year, with GAAP diluted EPS at $0.58, up from $0.41. Adjusted EPS rose 71% to $0.53. Operating cash flow reached $15.9 million, totaling $141.9 million over six quarters. The company announced a $150 million share repurchase program. Sales to commercial customers surged 33%, while government sales dipped 15%. Gross margins improved to 18.0%, driven by cost efficiencies. AAR secured a $365 million USAF contract, enhancing its service capabilities.

AAR CORP. (NYSE: AIR) has announced a renewal of its stock repurchase program, authorizing the buyback of up to $150 million of its common shares. CEO John M. Holmes emphasized the company’s commitment to capital allocation, focusing on organic investment, acquisitions, and returning capital to shareholders. The program will be executed through open market purchases or private transactions at management's discretion, with no expiration date on the authorization.

AAR (NYSE: AIR) has secured a ten-year, $365 million contract with the U.S. Air Force Life Cycle Management Center to support F-16 aircraft for the United States Air Forces in Europe (USAFE). This contract will involve aircraft depot-level maintenance and repair, including avionics and structural services. AAR aims to enhance fleet readiness by utilizing its global sustainment infrastructure. The company views this award as a further step in its strategic expansion into government markets.

AAR CORP. (NYSE: AIR) will announce its second quarter financial results for fiscal year 2022, ending November 30, 2021, on December 21, 2021, after the NYSE trading session. A conference call is scheduled for the same day at 3:45 p.m. CT to discuss the results, accessible via specific phone numbers. A replay will be available until December 27, 2021. AAR provides aerospace and defense aftermarket solutions globally, operating in over 20 countries, covering Aviation and Expeditionary Services.

AAR CORP. (NYSE: AIR) will participate in the 2021 Baird Global Industrial Conference on November 9, 2021, from 9:15 a.m. to 9:45 a.m. CST. The event will be held virtually, with a live video webcast accessible on the Company's website at aarcorp.com. After the conference, an archived version of the webcast will be available for replay. AAR is a leading aerospace and defense aftermarket solutions provider, operating in over 20 countries and offering services in Aviation and Expeditionary Services.

AAR (NYSE: AIR) announced the appointment of Lori Knudson as Vice President and Chief Ethics and Compliance Officer, effective October 20, 2021. Knudson will report to General Counsel Jessica Garascia and will oversee AAR’s compliance function, enhancing the company's commitment to ethical standards. Previously, she held a Senior Vice President role at Aegion Corporation, managing compliance and risk. AAR's executives expressed confidence in her ability to foster a strong culture of compliance within the organization.

AAR (NYSE: AIR) announced a five-year renewal of its contract with flydubai for power-by-the-hour (PBH) component pool and repair support for the airline's Next-Generation Boeing 737 fleet. This partnership, which began in 2016, underscores flydubai's trust in AAR's services and their pivotal role in the airline's operations. AAR's VP of Integrated Solutions expressed excitement about the ongoing partnership, emphasizing growth as flydubai expands its services. The renewal highlights AAR's commitment to providing solid aviation support in the rapidly growing Middle Eastern market.