Aar Corp Stock Price, News & Analysis

AAR Corp (NYSE: AIR) has appointed Sharon Purnell as Senior Vice President and Chief Human Resources Officer. Purnell, who brings over 20 years of HR experience, will lead the company's global Human Resources department, overseeing recruitment, talent management, and engagement initiatives.

Prior to joining AAR, Purnell served as Chief Human Resources Officer at Stepan Company, where she led development, retention, and cost-saving efforts. Her previous experience includes serving as CHRO at Streamland Media, where she managed multiple company integrations and optimized employee benefits. She has also held HR leadership positions at Riddell Sports, Underwriters Laboratories, Honeywell Aerospace, and General Electric Company.

AAR CORP. (NYSE: AIR) has formed a joint venture called KALS with KIRA Aviation Services under the federal government's Small Business Administration Mentor-Protégé Program. The venture has secured a significant E-6B Mercury pilot training contract from the U.S. Navy.

The contract, structured as a firm fixed-price indefinite-delivery/indefinite-quantity agreement, will provide in-flight training and currency for Naval Aviators. Operations will be conducted in Oklahoma City through March 2027. Through this partnership, AAR will share its aviation expertise with KIRA, helping the small business develop new capabilities and positioning it for future growth.

The joint venture combines AAR's extensive experience with KIRA's service reputation, aiming to meet Department of Defense needs for maintenance and supply chain services. KIRA currently provides base operations and facility support to the U.S. government.

AAR Corp (NYSE: AIR) has completed the sale of its Landing Gear Overhaul business to GA Telesis for $51 million. The divestiture, initially announced on December 20, 2024, aligns with AAR's strategic plan to optimize its portfolio and focus on core aviation aftermarket services.

The transaction represents AAR's commitment to streamline operations and invest in core functions that will drive targeted growth and margin expansion initiatives. The company aims to enhance its position in the aviation services sector, serving commercial and government operators, MROs, and OEMs.

AAR (NYSE: AIR) has been awarded the prestigious Top Shop for Best Total Solutions Provider Repair by The145.com, recognizing excellence in aviation maintenance services. The award acknowledges AAR's comprehensive suite of high-quality solutions and nose-to-tail life cycle services for customers.

The recognition comes amid fierce competition, with over 16,000 nominations and nearly 11,000 votes cast across categories. AAR also received 10 additional Top Shop award nominations, including nominations for all its Component Services facilities.

The company will be honored at the annual Top Shop Awards Banquet on April 7, 2025, at the Georgia Aquarium in Atlanta.

AAR CORP. (NYSE: AIR), a leading aviation services provider, has achieved Great Place To Work Certification™, with 72% of employees rating it as a great workplace - 15 points above the U.S. company average. The certification, awarded by Great Place To Work®, the global authority on workplace culture, is based exclusively on current employee feedback.

The recognition highlights AAR's commitment to employee experience and workplace culture. John M. Holmes, AAR's Chairman, President and CEO, emphasized the company's focus on putting their people first and expressed pride in the team's overwhelming positive feedback regarding their shared achievements.

AAR (NYSE: AIR) reported strong Q3 FY2025 results with sales reaching $678.2 million, a 20% increase year-over-year. The company achieved adjusted diluted EPS of $0.99, up 16%, and adjusted EBITDA of $81 million, a 39% increase with margin expanding to 12.0%.

Key segment performance showed Parts Supply sales up 12% and Repair & Engineering segment sales increasing 53% year-over-year. However, the company reported a GAAP net loss of $8.9 million due to a $63.7 million pre-tax charge related to the planned divestiture of its Landing Gear Overhaul business for $51 million.

Notable new business wins include exclusive distribution agreements with Chromalloy for PW4000 PMA parts and with Unison for DLA parts, plus agreements with Cebu Pacific Air for engine services and Cathay Pacific for Trax software. The company's net leverage improved from 3.58x to 3.06x over the past year.

AAR CORP. (NYSE: AIR) has extended its exclusive Serviceable Engine Products agreement with FTAI Aviation through 2030, continuing their collaboration on CFM56 used serviceable material (USM). The partnership, initially established in 2020, involves AAR managing the teardown, repair, marketing, and sales of spare parts from FTAI's growing CFM56 engine pool of over 450 engines.

AAR has strengthened its capabilities by acquiring five additional global component repair facilities since the original agreement. This expansion enhances AAR's ability to support maintenance, repair, and overhaul of engine components. The collaboration serves the global aviation aftermarket and FTAI's Module Factory™, which specializes in modular repair and refurbishment of CFM56-7B and CFM56-5B engines.

AAR (NYSE: AIR) has expanded its Board of Directors from 11 to 12 positions with the election of Hema Widhani, effective March 18, 2025. Widhani, currently serving as Prudential Financial's Chief Digital and Marketing Officer, brings over 20 years of experience in digital, marketing, and customer experience.

In her current role, Widhani manages Prudential's enterprise digital and customer experience portfolio and leads several Generative AI initiatives for the company's global insurance and retirement business. Her previous experience includes leadership roles at E*TRADE, Citibank, and the WPP group.

Widhani holds an MBA from Carnegie Mellon University and a Master of International Business from Lancaster University. Her appointment aligns with AAR's focus on digital transformation and customer engagement strategies.

Trax, a leading provider of paperless aviation maintenance software, has been selected by Cathay Pacific to drive its Engineering Department's digital transformation. The partnership will implement Trax's web-based eMRO solution, cloud hosting services, and eMobility applications including AeroDox, VisualCheck, Line Control, TaskControl, and eContent Control.

The implementation aims to enable real-time, data-driven maintenance operations, providing instant access to critical operational data and improving coordination in a paperless environment. The solution will enhance airworthiness control, integrated planning, and streamline processes for the Hong Kong-based airline.

Keith Brown, Cathay's Director of Engineering, emphasized that Trax's solutions will modernize operations, improve coordination, and boost efficiency while supporting their commitment to safety, operational reliability, and innovation.