Welcome to our dedicated page for AAR news (Ticker: AIR), a resource for investors and traders seeking the latest updates and insights on AAR stock.
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.
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AAR CORP. (NYSE: AIR) announced a marketing partnership with ProvenAir Technologies to enhance digital solutions for aviation customers. This partnership focuses on automating the back-to-birth (BtB) trace history of life limited parts, aiming to improve records quality, save time, and increase the value of used serviceable materials. With ProvenAir's technology, AAR intends to connect aircraft owners with efficient digital solutions, further differentiating their offerings in the market.
AAR CORP. (NYSE: AIR) reported third quarter FY2022 consolidated sales of $452.2 million, a 10% increase from the prior year. GAAP diluted earnings per share from continuing operations stood at $0.63, down from $0.87 in Q3 FY2021, affected by prior CARES Act support. However, adjusted earnings rose 70% to $0.63 compared to $0.37 last year. Cash flow from operations was $16 million. Despite 8% lower government sales, commercial sales surged 28%. AAR aims for continued shareholder value through strategic investments and M&A.
AAR (NYSE: AIR) has announced an exclusive distribution agreement with Collins Aerospace’s Goodrich De-Icing & Specialty Heating Systems. Under this agreement, AAR will provide de-icers and related products to airlines and MROs globally. The products, which feature patented technology, are primarily utilized on general aviation and regional turbo-prop aircraft. AAR aims to enhance its offerings for the business and general aviation markets, while Collins Aerospace anticipates that AAR’s expertise will benefit its extensive client base.
AAR CORP. (NYSE: AIR) will release its fiscal Q3 2022 financial results on March 22, 2022, after market close. The results will be discussed in a conference call at 3:45 p.m. Central time on the same day. Interested parties can access the call via specific phone numbers for domestic and international callers. A replay will be available from March 22, 2022, 7:15 p.m. until March 29, 2022, 10:59 p.m. This announcement signals an important opportunity for investors to assess AAR's financial performance amidst its operations in over 20 countries.
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AAR CORP. (NYSE: AIR), a leader in aviation services, will present at Citi's 2022 Global Industrial Tech and Mobility Conference on February 23, 2022, at 4:20 p.m. EST. A live video webcast will be available on the company's investor relations website, with a recording accessible afterward. AAR operates globally in over 20 countries, providing services through its Aviation Services and Expeditionary Services segments. Key offerings include Parts Supply, OEM Solutions, Integrated Solutions, and MRO Services.
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.