Aar Corp Stock Price, News & Analysis

AAR (NYSE: AIR) has been named one of America's Most Responsible Companies 2025 by Newsweek in collaboration with Statista. The recognition is based on a comprehensive evaluation of Environmental, Social, and Governance (ESG) factors, analyzing over 30 KPIs and public perception of corporate social responsibility efforts.

The company recently released its 2024 Sustainability Report on November 18, 2024, highlighting its progress in ESG initiatives, employee engagement, and community activities. AAR's corporate responsibility framework includes a comprehensive Ethics and Compliance program, featuring annual training, a Compliance Champion Network, and Executive Compliance Committee. The company's commitment to 'Doing It Right®' is supported by various compliance policies, including the Code of Conduct, Supplier Code of Conduct, and Global Anti-Corruption Policy.

AAR CORP. (NYSE: AIR) has announced the sale of its Landing Gear Overhaul business to GA Telesis for $51 million. The transaction, expected to close in Q1 2025, is part of AAR's strategic portfolio optimization plan and will be immediately accretive to margins and earnings. The deal includes AAR's Miami-based Landing Gear Overhaul operations, which provides maintenance, repair, and overhaul services to commercial and government customers.

While divesting this non-core business, AAR will maintain its position as prime contractor for the United States Air Force Landing Gear Performance Based Logistics contract, with GA Telesis continuing the maintenance services as a subcontractor.

AAR Corp (NYSE: AIR) has reached resolutions with the DOJ and SEC regarding FCPA violations from transactions in Nepal and South Africa during 2016-2017. The company will pay a total of $55.6 million in penalties, forfeiture, and interest, which will be recorded as a one-time charge in Q2 FY2025. The violations were primarily conducted by a former subsidiary employee and former third-party agents.

After self-reporting the potential violations in 2019, AAR entered a Non-Prosecution Agreement with the DOJ and accepted a cease-and-desist order from the SEC. The company plans to fund the payments through cash on hand and credit facility borrowings. AAR has implemented extensive enhancements to its global compliance program since self-reporting.

AAR CORP. (NYSE: AIR) and Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) have signed an agreement to form a joint venture in the Asia-Pacific region. Located in AAR's Chonburi, Thailand facility, the venture will focus on nacelle maintenance, repair, and overhaul services for next-generation aircraft, including on-wing/on-site inspections and parts availability.

This marks their second joint venture, following their 2021 collaboration in the Americas region through Triumph Product Support, which AAR acquired earlier this year. The new partnership aims to combine an independent MRO with a global airline and MRO provider to deliver enhanced service and support for operators. The formation is subject to regulatory approval and will expand their worldwide network for nacelle services.

AAR CORP (NYSE: AIR) announced it will release its second quarter fiscal year 2025 financial results on January 7, 2025, after the NYSE trading session closes. The company will host a conference call at 4 p.m. Central time on the same day to discuss the results. A webcast and slides will be available for viewing, and participants can register for phone access. The results will cover the period ended November 30, 2024. An on-demand replay will be accessible shortly after the call and remain available for approximately one year.

AAR (NYSE: AIR) has been named one of America's Dream Employers 2025 by Forbes in collaboration with Statista. The recognition stems from an independent survey gathering over 266,000 data points from college students and employees of companies with 1,000+ U.S. workers. Selection criteria included frequency of being named a 'dream employer' and employee recommendation rates.

The company has enhanced its employee experience through expanded internship programs, a new wellness pathway, and values workshops promoting inclusive culture. AAR was also recognized by Newsweek as one of America's Greatest Workplaces for Mental Wellbeing 2024 and America's Greatest Workplaces for Parents & Families 2024.

AAR CORP (NYSE: AIR) has published its 2024 Sustainability Report, showcasing the company's ongoing commitment to environmental, social, and governance initiatives. The report highlights the company's continued tracking of Scope 1 and 2 emissions, which underwent third-party verification. It also details employee and community engagement activities, demonstrating AAR's dedication to creating positive outcomes for stakeholders.

Jessica A. Garascia, AAR's Senior Vice President and General Counsel, emphasized the report's focus on sustainability management and recent improvements. The complete report is accessible on AAR's website sustainability page.

AAR CORP. (NYSE: AIR) has signed an exclusive multi-year distribution agreement with Whippany Actuation Systems, a TransDigm Group business. The agreement covers global distribution of all components and sub-assemblies in Whippany's actuation product line, expanding AAR's offerings on key platforms including Boeing 737 and 777. The partnership aims to compress lead times, add stocking locations, and enhance customer service for Whippany end users by streamlining the supply chain and improving product delivery.

AAR CORP. (NYSE: AIR) has signed a multi-year engine parts supply agreement with Chromalloy to become the exclusive distributor of PMA parts for CF6-80C2 engine high pressure turbine Stage 1 and Stage 2 turbine blades to the global aftermarket. The three-year agreement includes some account coverage exclusions due to Chromalloy's existing customer agreements. AAR has placed an initial provisioning order to ensure inventory availability for global distribution of these components.