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. (NYSE: AIR) is a global aerospace and defense aftermarket solutions company whose activities frequently generate news across commercial and government aviation markets. The company supports customers through Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services, and it also owns digital and services subsidiaries such as Trax, Aerostrat, and Airinmar.
News about AAR often covers financial results and guidance, as seen in its quarterly earnings announcements and related updates on sales growth, margins, and portfolio developments. Investors and industry observers can follow how AAR reports performance across its segments, including Parts Supply and Repair & Engineering, and how acquisitions and equity offerings affect its operations and balance sheet.
AAR also regularly announces strategic acquisitions and partnerships. Recent disclosures include the acquisition of HAECO Americas to expand heavy airframe maintenance and engineering capabilities, the agreement to acquire Aircraft Reconfig Technologies to strengthen aircraft interiors engineering and certification, and the purchase of ADI to deepen its distribution activities. The company additionally publicizes joint ventures such as xCelle Asia for nacelle overhaul services and distribution agreements with OEMs like Collins Aerospace and Arkwin Industries.
Another key source of news is AAR's digital and warranty management businesses. Subsidiary announcements from Trax, Aerostrat, and Airinmar highlight contracts with airlines and operators, such as digital MRO transformations, maintenance planning software deployments, and extensions of aircraft warranty management services. These updates illustrate how AAR's software and service offerings complement its traditional parts and maintenance activities.
For investors, analysts, and aviation professionals, following AIR news provides insight into AAR's contract wins, joint ventures, digital initiatives, and financial performance. This page aggregates such coverage so readers can review the latest press releases, transaction updates, and operational developments related to AAR CORP.
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.
AAR CORP. (NYSE: AIR), a leader in aviation services, has earned the 2025 Military Friendly® Gold Employer and Military Friendly® Spouse Employer designations. Evaluated by VIQTORY using public data and a proprietary survey, AAR was among 1,200 participating companies. Criteria included recruitment, retention, turnover, and promotion of veterans and military employees. John M. Holmes, AAR's CEO, expressed pride in the recognition, highlighting the company's commitment to military personnel. AAR will be featured in G.I. Jobs® magazine and on MilitaryFriendly.com. Additionally, AAR was recognized by Military Times as a Best for Vets employer.
Trax, a leading provider of paperless aviation maintenance software, has announced the successful transition of WestJet Airlines to a paperless and mobile fleet maintenance operation. This implementation includes the web-based eMRO product, eMobility apps, and Trax Cloud hosting, enhancing users' ability to work from anywhere on mobile devices.
WestJet has integrated additional Trax solutions such as QuickTurn, TaskControl, and Line Control apps to further improve their operations. The eMRO system, combined with mobile apps, allows users to access documentation, view maintenance tasks, receive real-time updates, and utilize integrated materials modules.
This implementation marks the continued expansion of Trax's customer base using its full range of applications and technology services for digital aviation maintenance.
AAR CORP. (NYSE: AIR) has been awarded a five-year contract by the U.S. Navy's Naval Air Systems Command (NAVAIR) for engine depot maintenance and repair of its P-8A Poseidon Aircraft fleet. The contract has an aggregate ceiling value of approximately $1.2 billion. Starting October 2024, AAR, in partnership with Delta TechOps, will provide program management, supply chain management, engineering support, and maintenance services to enhance engine asset availability.
This contract follows a recent award for P-8A airframe maintenance and aligns with AAR's strategy to grow its commercial derivative business. It is expected to increase engine part sales in the Company's Part Supply segment. The partnership aims to support the U.S. Navy's maritime patrol and reconnaissance mission through comprehensive P-8A maintenance and repair services.
AAR CORP.'s subsidiary Airinmar has extended its repair cycle management services contract with Singapore Airlines. The agreement covers Airinmar's full scope of services, including repair order management, quote management, turnaround time (TAT) management, repair cost value engineering, component warranty recovery, and TAT guarantee enforcement. Airinmar will continue using its proprietary online systems to optimize Singapore Airlines' repair order status management and consolidate repair quotations.
Airinmar has been providing these services to Singapore Airlines since 2005. The extension aims to support the airline with repair cost reduction and component availability across their passenger and cargo fleets. Matt Davies, Airinmar's General Manager, expressed pride in delivering their full range of services to Singapore Airlines and continuing their long-term relationship.
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