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.
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.
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%
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Rhea-AI Summary
AAR's subsidiary Airinmar extends support services with Philippine Airlines, focusing on aircraft warranty and value engineering to reduce maintenance costs. The partnership aims to enhance PAL's operational efficiency and safety goals through cost-saving measures and comprehensive engineering knowledge.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.6%
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Rhea-AI Summary
AAR Corp. announces successful pricing of $550 million senior notes offering to fund Triumph Group's Product Support business acquisition, with an increase in aggregate lending commitments under the Revolving Credit Facility.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.78%
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Rhea-AI Summary
AAR Corp. (AIR) plans to offer $500 million in senior notes due 2029 to fund the acquisition of Triumph Group's Product Support business. The company will also increase its revolving credit facility to at least $795 million. The Notes will be unconditionally guaranteed by the company's subsidiaries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.68%
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Rhea-AI Summary
GATX Corporation (NYSE: GATX) has elected John M. Holmes to its board of directors, expanding the board to 10 members, including nine independent directors. Holmes, chairman, president, and CEO of AAR CORP. (NYSE: AIR), brings extensive international experience and financial expertise to the board. The appointment is expected to enhance GATX's global growth strategy and provide valuable perspectives to the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.19%
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AAR CORP. (NYSE: AIR) responds to recent incident on Alaska Airlines Boeing 737 MAX 9
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Rhea-AI Sentiment
End-of-Day
-1.88%
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AAR CORP (AIR) announces new multi-year agreement with Ontic for military product distribution to the U.S. government
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Rhea-AI Sentiment
End-of-Day
-0.75%
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Rhea-AI Summary
AAR CORP. (NYSE: AIR) signs multi-year contract extension and expansion with ASL Aviation Holdings DAC, expanding component support services to include ASL Airlines France, United Kingdom, and Ireland. AAR will provide 24/7 component support services for ASL's Boeing 737 fleets, increasing the supported aircraft from 28 to 65 under the new agreement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.11%
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Rhea-AI Summary
AAR CORP. (NYSE: AIR) reported second quarter fiscal year 2024 consolidated sales of $545.4 million, up 16% from the prior year. GAAP diluted earnings per share were $0.67, compared to $0.64 in Q2 FY2023. Adjusted diluted earnings per share were $0.81, up 17% from the prior year. The company announced a strategic agreement to acquire Triumph Group’s Product Support business for $725 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.2%
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Rhea-AI Summary
Triumph Group, Inc. (NYSE: TGI) announced a $725 million agreement with AAR CORP. (NYSE: AIR) to sell its Product Support business, expected to strengthen Triumph's balance sheet and focus the company on its OEM and IP-based aftermarket business. The deal is valued at 14.5x trailing 12 months Adjusted EBITDAP multiple as of September 30, 2023, with net after-tax proceeds of approximately $700 million. The Product Support business generated revenues of approximately $268 million for the trailing 12 months ended September 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.24%
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AAR Corp.
NYSE:AIR
AIR Rankings
AIR Stock Data
2.48B
33.02M
4.95%
93.3%
2.7%
Aircraft Engine and Engine Parts Manufacturing
Manufacturing
United States of America
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