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) reported strong first quarter fiscal year 2025 results, with consolidated sales of $661.7 million, up 20% from the prior year. The company achieved net income of $18.0 million, or $0.50 per diluted share, compared to a net loss in Q1 FY2024. Adjusted diluted earnings per share increased 9% to $0.85.
Key highlights include:
- 20% sales growth in both commercial and government businesses
- 26% organic growth in new parts distribution
- Improved adjusted operating margin from 7.3% to 9.1%
- Multiple new contract awards, including two $1.2 billion IDIQ contracts from NAVAIR
AAR expects continued growth and margin expansion across its commercial and government businesses, driven by strong demand for its services and the integration of the Product Support acquisition.
AAR CORP. (NYSE: AIR) has been awarded a five-year contract by the U.S. Navy's Naval Air Systems Command (NAVAIR) to perform P-8A Poseidon depot airframe maintenance and depot field team support. The contract has an aggregate ceiling value of approximately $1.2 billion and covers services for the U.S. Navy, government of Australia, and foreign military sales customers.
AAR will provide scheduled and unscheduled maintenance, in-service repair, technical directive incorporation, airframe modifications, and aircraft-on-ground (AOG) support. This follow-on contract maintains AAR's position as a leader in commercial derivative airframe maintenance for the U.S. Department of Defense and supports Navy readiness.
AAR CORP. (NYSE: AIR) and the U.S. Defense Logistics Agency (DLA) Land and Maritime have signed a Supply Chain Alliance charter, formalizing their commitment to strengthen joint support for the nation's warfighter. This alliance advances a longstanding partnership and aims to enhance responsiveness, reduce customer wait time, and improve administrative lead time.
The official partnership provides AAR with a dedicated resource within the DLA to expedite contract award and execution processes. This is expected to enhance AAR's position in supporting OEM customers through increased efficiencies, including a streamlined contracting experience, reduction in labor hours, expedited product delivery, and opportunities for process improvement.
AAR CORP (NYSE: AIR), a leading aviation services provider, has announced it will release its first quarter fiscal year 2025 financial results on September 23, 2024, after the New York Stock Exchange closes. The company will host a conference call at 4 p.m. Central time on the same day to discuss the results. Interested parties can access a listen-only webcast and slides, or join via phone by registering online. The financial results will cover the period ended August 31, 2024. A replay of the conference call will be available shortly after completion and remain accessible for approximately one year.
AAR CORP. (NYSE: AIR), a leading aviation services provider, has announced its participation in two investor conferences in September 2024. Sean Gillen, AAR's CFO, will attend the 30th Annual Gabelli Aerospace & Defense Symposium in New York City on September 5. Later, on September 24, John M. Holmes, AAR's Chairman, President and CEO, along with Gillen, will participate in the RBC Capital Markets 2024 Global Industrials Conference in Las Vegas.
Investors interested in meeting with AAR's senior leadership during these events can contact the company's Investor Relations team at investors@aarcorp.com. For more information on AAR's investor resources, visit their website's investor section.
AAR (NYSE: AIR) has signed multiple long-term distribution agreements with Ontic, expanding their defense and commercial partnerships. These agreements enhance service offerings for the U.S. government and global commercial customers.
Under the first defense agreement, AAR will support U.S. government customers by including T55 engine components for the CH-47 helicopter. A second agreement adds part numbers for platforms like C-130, H-60, and E-2D, increasing Ontic offerings by over 33%. A third agreement involves distributing Ontic's thrust vector actuation systems motor.
Additionally, a long-term global exclusive commercial agreement covers parts for multi-channel satellite communication systems. These agreements aim to reduce lead times and increase parts availability.
Brian Sartain, COO at Ontic, emphasized that this partnership enhances supply chain management and operational planning. Frank Landrio, AAR's SVP of Distribution, highlighted the strategic alignment of both companies' strengths.
AAR CORP. (NYSE: AIR) has been recognized on TIME's inaugural list of America's Best Mid-Size Companies 2024. This prestigious award, presented by TIME and Statista Inc., evaluated companies based on employee satisfaction, revenue growth, and sustainability transparency. The list includes top 500 mid-size companies operating in the United States with revenues between $100 million and $10 billion in 2022 or 2023.
John M. Holmes, AAR's Chairman, President and CEO, emphasized the importance of their team members and positive company culture in achieving this recognition. AAR, a leading provider of aviation services to commercial and government operators, MROs, and OEMs, views this award as a testament to their strengths in fostering employee satisfaction while effectively growing their business and demonstrating strong corporate citizenship.
AAR CORP. (NYSE: AIR) reported record fourth quarter sales of $656.5 million, up 19% year-over-year, and full-year sales of $2.3 billion, up 17%. The company's Q4 adjusted diluted EPS from continuing operations was $0.88, a 6% increase from $0.83 in Q4 FY2023. Full-year adjusted EPS reached $3.33, up 16% from $2.86 in FY2023. AAR's commercial sales grew 20%, driven by the Product Support business acquisition and strong demand for new parts distribution. Government sales increased 15%. The company's adjusted operating margin improved to 9.3% in Q4, up from 7.8% last year. AAR secured new contracts and expanded existing agreements, positioning itself for continued growth in FY2025.
AAR is set to release its Q4 fiscal year 2024 financial results on July 18, 2024, after the close of the NYSE trading session. The reporting period ended on May 31, 2024. A conference call to discuss the results will be held the same day at 4:00 p.m. Central time. Interested parties can join via a listen-only webcast or phone, with registration required for phone participation. Access details and a replay of the call, available for a year, will be provided on AAR's website.
AAR (NYSE: AIR) has been named one of America's Greatest Workplaces for 2024 by Newsweek and Plant-A Insights Group. This recognition highlights AAR's dedication to employee satisfaction through its people-oriented culture, competitive compensation, and career development opportunities. The award is based on a comprehensive study involving over 1.5 million company reviews from more than 250,000 employees in the U.S. AAR, a leading provider of aviation services, prioritizes creating a supportive work environment where team members feel valued and purposeful.
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