Company Description
StandardAero, Inc. (NYSE: SARO) is an aerospace and defense company focused on the aerospace engine aftermarket. According to the company’s public disclosures, StandardAero describes itself as a leading independent pure‑play provider of aerospace engine aftermarket services for fixed‑ and rotary‑wing aircraft. It serves the commercial aerospace, military and helicopter, and business aviation end markets and is listed on the New York Stock Exchange under the ticker symbol SARO.
The company’s core activities center on engine maintenance, repair and overhaul (MRO) and engine component repair. StandardAero states that it delivers a range of aftermarket solutions that support aircraft engines throughout their operating life, including work on major turbofan platforms such as CFM International’s CFM56‑7B and LEAP‑1A/1B, GE Aerospace’s CF34‑3/8, and the J85‑5 engine used on the U.S. Air Force’s T‑38 Talon trainer aircraft. These activities position the company within the industrials sector and the aerospace & defense industry, with a focus on supporting engine manufacturers, airlines, military operators and business aviation customers.
Business model and segments
StandardAero’s disclosures indicate that it operates through two primary reportable segments: Engine Services and Component Repair Services (CRS). The Engine Services segment focuses on engine MRO and related services, while the Component Repair Services segment concentrates on specialized repair of engine components and related parts. Company commentary highlights that both segments contribute to revenue growth, with Engine Services supported by commercial aerospace, business aviation and military programs, and Component Repair Services benefiting from demand across growth platforms and land and marine applications.
StandardAero characterizes its business as a pure‑play engine aftermarket model. Public statements emphasize that growth is driven by aftermarket activity on established platforms and the ramp‑up of newer engine programs, including LEAP engines and CFM56 platforms. The company also notes the contribution of acquisitions, such as Aero Turbine, Inc. (ATI), to its Component Repair Services segment, reflecting a strategy that includes expanding capabilities and scale within engine and component repair.
Services and capabilities
Across its communications, StandardAero consistently lists a set of core capabilities it offers to customers in the engine aftermarket. These include:
- Engine maintenance, repair and overhaul (MRO) for a range of commercial, military and business aviation engine platforms.
- Engine component repair delivered through its Component Repair Services business and network of locations.
- On‑wing and field service support, providing engine support at or near the point of operation.
- Asset management services, including support related to engines, modules and used serviceable material (USM) assets.
- Engineering solutions that support engine and component repair programs.
The company also reports specific capabilities on key engine families. For example, StandardAero is identified as a CFM LEAP Premier MRO provider and has signed a CFM Branded Service Agreement for LEAP‑1A and LEAP‑1B engines. It supports LEAP engines from its facility in San Antonio, Texas, and notes that its CRS team has industrialized more than 350 component repairs for the LEAP‑1A and LEAP‑1B. For the CFM56‑7B, StandardAero holds CFM International General Support License Agreement (GSLA) approval and provides MRO services from locations including Winnipeg, Manitoba and DFW International Airport in Texas.
End markets and customer relationships
StandardAero states that it serves commercial airlines, business aviation operators, and military and helicopter customers worldwide. Examples from recent announcements include support for Oman’s low‑cost carrier SalamAir on LEAP‑1A engines and Mauritania Airlines on CFM56‑7B and LEAP‑1B engines. The company also highlights long‑standing relationships with engine OEMs such as GE Aerospace and CFM International through branded service and license agreements.
In the military domain, StandardAero reports delivering its 1,000th J85‑5 engine to the U.S. Air Force under an Engine Regional Repair Center contract, supporting the T‑38 Talon trainer aircraft fleet. The company notes that its Port San Antonio facility supports multiple engine MRO programs for both military and commercial customers and operates an Aviation Mechanic Training Program that trains mechanics annually.
Facilities and geographic footprint
StandardAero describes an international network of service facilities. Specific locations mentioned in company communications include:
- San Antonio, Texas – a large facility supporting LEAP‑1A and LEAP‑1B engines, J85‑5 engines, and hosting the Aviation Mechanic Training Program and Training Academy.
- Winnipeg, Manitoba, Canada – a site providing full MRO support for CF34‑3/8 and CFM56‑7B turbofan engines, with ongoing expansion to increase capacity.
- DFW International Airport, Texas – an additional location providing CFM56‑7B MRO support.
- Maryville, Tennessee – a facility that has provided APS 2300 auxiliary power unit repair services.
- Stockton, California – a site servicing J85 engine variants and providing J85 component repair for U.S. military programs.
- Augusta, Georgia – a location offering CF34 authorized line service maintenance.
- Gonesse, France – a facility providing engine health monitoring (EHM) data analysis support.
Through these and other locations, StandardAero indicates that it supports operators across North America, Europe, the Middle East, Africa and other regions, although the company’s disclosures emphasize that a significant portion of revenue is generated in North America and Europe.
Capital allocation and public company profile
StandardAero is a public company with common stock registered under Section 12(b) of the Securities Exchange Act of 1934 and traded on the New York Stock Exchange as SARO. The company files periodic and current reports with the U.S. Securities and Exchange Commission, including Form 8‑K filings related to earnings releases, leadership changes and other corporate events.
In December 2025, the Board of Directors approved a stock repurchase program authorizing the repurchase of up to a specified dollar amount of the company’s common stock, as disclosed in a Form 8‑K. The program allows repurchases in the open market, through privately negotiated transactions or other methods, and may be modified or discontinued at the company’s discretion. Public commentary from management links this program to the company’s broader capital allocation approach as it matures as a public company.
Leadership and governance developments
StandardAero’s SEC filings and press releases describe several governance and leadership updates. These include the appointment of Gregory Krekeler as President of Component Repair Services, with a related transition agreement for his predecessor, and the appointment of Michael L. Kaplan as Chief Legal Officer, succeeding a retiring executive. The company has also reported changes in board composition, such as the election of a new Class III director and subsequent committee assignment. These disclosures illustrate ongoing evolution in the company’s leadership structure and oversight.
Financial reporting and performance commentary
StandardAero regularly issues earnings press releases, which are furnished on Form 8‑K. In these communications, the company discusses revenue growth across its Engine Services and Component Repair Services segments and across its commercial aerospace, business aviation, and military and helicopter end markets. It also references non‑GAAP financial measures such as Adjusted EBITDA, Adjusted EBITDA Margin, Net Debt to Adjusted EBITDA and Free Cash Flow, explaining that these metrics are used by management to evaluate operations and liquidity.
The company’s commentary emphasizes factors such as volume growth, product mix, pricing, productivity initiatives and contributions from acquisitions in driving segment performance. It also notes the impact of its post‑IPO capital structure on interest expense and net income. While specific figures change over time, these disclosures provide insight into how StandardAero evaluates its operating performance and capital structure.
Training and workforce development
StandardAero highlights workforce development as part of its operations. The company’s Port San Antonio facility hosts an Aviation Mechanic Training Program that trains mechanics annually, supporting both its own staffing needs and the broader demand for skilled technicians in engine MRO. The company also notes efforts to grow its team of LEAP technicians through this in‑house training capability.
Frequently Asked Questions (FAQ)
- What does StandardAero, Inc. do?
StandardAero, Inc. focuses on the aerospace engine aftermarket. The company provides engine maintenance, repair and overhaul, engine component repair, on‑wing and field service support, asset management and engineering solutions for fixed‑ and rotary‑wing aircraft in commercial, military and business aviation end markets. - How is StandardAero organized from a business perspective?
According to its public disclosures, StandardAero organizes its operations into two reportable segments: Engine Services and Component Repair Services. Engine Services concentrates on engine MRO and related activities, while Component Repair Services focuses on repair of engine components and associated services. - Which engine platforms does StandardAero support?
Company announcements reference support for several major engine platforms, including the CFM International CFM56‑7B and LEAP‑1A/1B turbofan engines, the GE Aerospace CF34‑3/8 engines, and the GE Aerospace J85‑5 engine used on the U.S. Air Force’s T‑38 Talon trainer aircraft. The company also mentions support for other J85 variants and APS 2300 auxiliary power units. - Who are some of StandardAero’s customers?
Public releases identify customers such as SalamAir, Oman’s low‑cost carrier, and Mauritania Airlines, the national flag carrier of Mauritania, for LEAP‑1A, LEAP‑1B and CFM56‑7B engine MRO support. The company also supports the U.S. Air Force through J85‑5 engine work and provides services to other military and commercial operators. - What is StandardAero’s relationship with engine OEMs?
StandardAero reports that it is a CFM LEAP Premier MRO provider and has signed a CFM Branded Service Agreement for LEAP‑1A and LEAP‑1B engines. It also holds a CFM International General Support License Agreement for the CFM56‑7B and has been a GE‑Branded Service Agreement partner for the CF34‑3 and CF34‑8 since 2001. These agreements allow the company to provide authorized MRO services on these engine families. - Where does StandardAero operate its major facilities?
Company communications highlight several key locations, including San Antonio, Texas; Winnipeg, Manitoba; DFW International Airport in Texas; Maryville, Tennessee; Stockton, California; Augusta, Georgia; and Gonesse, France. These facilities support engine MRO, component repair, line maintenance and engine health monitoring services. - On which exchange is StandardAero stock traded and under what symbol?
StandardAero’s common stock is registered under Section 12(b) of the Securities Exchange Act of 1934 and trades on the New York Stock Exchange under the ticker symbol SARO, as disclosed in its SEC filings. - What is StandardAero’s stock repurchase program?
In December 2025, StandardAero filed a Form 8‑K stating that its Board of Directors approved a stock repurchase program authorizing the company to repurchase up to a specified amount of its common stock. Repurchases may occur in the open market, through privately negotiated transactions or otherwise, and the program may be extended, modified, suspended or discontinued at the company’s discretion. - How does StandardAero describe its financial performance metrics?
In earnings releases, StandardAero presents GAAP results and also reports non‑GAAP measures such as Adjusted EBITDA, Adjusted EBITDA Margin, Net Debt to Adjusted EBITDA and Free Cash Flow. The company explains that these measures are used by management to evaluate operating performance, compare results over time and assess liquidity. - Does StandardAero invest in training and workforce development?
Yes. The company notes that its Port San Antonio facility hosts an Aviation Mechanic Training Program, which trains mechanics annually. StandardAero also reports that it continues to grow its team of LEAP technicians through this in‑house training capability.
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Short Interest History
Short interest in STANDARDAERO (SARO) currently stands at 8.3 million shares, up 8.8% from the previous reporting period, representing 2.5% of the float. Over the past 12 months, short interest has increased by 17.1%. This relatively low short interest suggests limited bearish sentiment. The 6.1 days to cover indicates moderate liquidity for short covering.
Days to Cover History
Days to cover for STANDARDAERO (SARO) currently stands at 6.1 days, up 24% from the previous period. This moderate days-to-cover ratio suggests reasonable liquidity for short covering, requiring about a week of average trading volume. The ratio has shown significant volatility over the period, ranging from 1.1 to 7.3 days.