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[8-K] News Corporation Reports Material Event

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Rhea-AI Filing Summary

AAR Corp. (FY ended 31 May 2025) reported strong top-line momentum. Consolidated sales rose $461.6 M, or 19.9%, driven mainly by commercial demand and the late-FY24 Product Support acquisition. Commercial revenue grew $338.2 M (+20.6%); government revenue increased $123.4 M (+18.1%). Segment mix: Parts Supply 40% of sales, Repair & Engineering 32%, Integrated Solutions 25%, Expeditionary Services 3%.

Key portfolio moves included the sale of the Landing Gear Overhaul business to GA Telesis for $48 M, producing a $71.1 M divestiture loss, and a $2.1 M gain on exit of an Indian MRO JV. Integration of FY24’s Product Support buy and FY23’s Trax software investment is yielding cost synergies and digital upselling opportunities.

Growth pipeline: new multi-year distribution deals (Unison, Chromalloy, Ontic), an extended FTAI Aviation USM agreement (CFM56 through 2030) and two U.S. Navy P-8A support contracts. Firm backlog stands at $537.2 M (≈75% recognizable in FY26). Airframe MRO capacity is expanding via 114 k sq ft Miami and 80 k sq ft Oklahoma City hangars, targeted for service within 12-18 months (Miami slightly delayed by permitting).

Government exposure remains meaningful: U.S. government agencies and contractors accounted for $687.6 M, 24.7% of revenue. Shares outstanding on 30 Jun 2025 were 35.85 M; non-affiliate market value was ~$2.43 B (11 Nov 2024 close). Workforce totals 5,600 employees and 500 contractors.

AAR Corp. (anno fiscale terminato il 31 maggio 2025) ha riportato una forte crescita dei ricavi. Le vendite consolidate sono aumentate di 461,6 milioni di dollari, ovvero il 19,9%, principalmente grazie alla domanda commerciale e all'acquisizione di Product Support avvenuta a fine FY24. I ricavi commerciali sono cresciuti di 338,2 milioni di dollari (+20,6%); quelli governativi sono aumentati di 123,4 milioni di dollari (+18,1%). La composizione dei segmenti è la seguente: Parts Supply 40% delle vendite, Repair & Engineering 32%, Integrated Solutions 25%, Expeditionary Services 3%.

Le principali operazioni di portafoglio hanno incluso la cessione del business di revisione degli atterraggi a GA Telesis per 48 milioni di dollari, con una perdita da dismissione di 71,1 milioni di dollari, e un guadagno di 2,1 milioni di dollari dall'uscita da una joint venture MRO in India. L'integrazione dell'acquisizione di Product Support del FY24 e dell'investimento nel software Trax del FY23 sta generando sinergie sui costi e opportunità di upselling digitale.

Pipeline di crescita: nuovi accordi di distribuzione pluriennali (Unison, Chromalloy, Ontic), estensione dell'accordo FTAI Aviation USM (CFM56 fino al 2030) e due contratti di supporto per il P-8A della Marina degli Stati Uniti. L'ordine fermo è di 537,2 milioni di dollari (circa il 75% riconoscibile nel FY26). La capacità MRO per fusoliere si sta ampliando con hangar di 114.000 piedi quadrati a Miami e 80.000 piedi quadrati a Oklahoma City, previsti in servizio entro 12-18 mesi (Miami leggermente ritardato per permessi).

L'esposizione verso il governo rimane significativa: agenzie governative USA e appaltatori rappresentano 687,6 milioni di dollari, il 24,7% dei ricavi. Le azioni in circolazione al 30 giugno 2025 erano 35,85 milioni; il valore di mercato non affiliato era di circa 2,43 miliardi di dollari (chiusura 11 novembre 2024). La forza lavoro conta 5.600 dipendenti e 500 collaboratori.

AAR Corp. (ejercicio fiscal terminado el 31 de mayo de 2025) reportó un fuerte impulso en sus ingresos. Las ventas consolidadas aumentaron 461,6 millones de dólares, o un 19,9%, impulsadas principalmente por la demanda comercial y la adquisición de Product Support a finales del FY24. Los ingresos comerciales crecieron 338,2 millones de dólares (+20,6%); los ingresos gubernamentales aumentaron 123,4 millones de dólares (+18,1%). Mezcla de segmentos: Suministro de piezas 40% de las ventas, Reparación e Ingeniería 32%, Soluciones Integradas 25%, Servicios Expedicionarios 3%.

Movimientos clave en la cartera incluyeron la venta del negocio de revisión de trenes de aterrizaje a GA Telesis por 48 millones de dólares, generando una pérdida por desinversión de 71,1 millones de dólares, y una ganancia de 2,1 millones de dólares por la salida de una JV MRO en India. La integración de la compra de Product Support del FY24 y la inversión en software Trax del FY23 está generando sinergias en costos y oportunidades de upselling digital.

Tubería de crecimiento: nuevos acuerdos de distribución plurianuales (Unison, Chromalloy, Ontic), extensión del acuerdo FTAI Aviation USM (CFM56 hasta 2030) y dos contratos de soporte para el P-8A de la Marina de EE.UU. La cartera firme es de 537,2 millones de dólares (≈75% reconocible en FY26). La capacidad MRO de fuselajes se expande con hangares de 114.000 pies cuadrados en Miami y 80.000 pies cuadrados en Oklahoma City, previstos para entrar en servicio en 12-18 meses (Miami ligeramente retrasado por permisos).

La exposición gubernamental sigue siendo significativa: agencias gubernamentales y contratistas de EE.UU. representaron 687,6 millones de dólares, el 24,7% de los ingresos. Las acciones en circulación al 30 de junio de 2025 eran 35,85 millones; el valor de mercado no afiliado era aproximadamente 2,43 mil millones de dólares (cierre 11 de noviembre de 2024). La plantilla cuenta con 5.600 empleados y 500 contratistas.

AAR Corp. (2025년 5월 31일 종료된 회계연도)는 강력한 매출 성장세를 보고했습니다. 연결 매출은 4억 6,160만 달러, 19.9% 증가했으며, 주로 상업 수요와 FY24 말의 Product Support 인수에 힘입은 결과입니다. 상업 매출은 3억 3,820만 달러(+20.6%) 증가했고, 정부 매출은 1억 2,340만 달러(+18.1%) 증가했습니다. 부문별 매출 비중은 부품 공급 40%, 수리 및 엔지니어링 32%, 통합 솔루션 25%, 원정 서비스 3%입니다.

주요 포트폴리오 움직임으로는 GA Telesis에 착륙장치 정비 사업을 4,800만 달러에 매각하여 7,110만 달러의 처분 손실을 기록했으며, 인도 MRO 합작 투자에서 210만 달러의 이익을 얻었습니다. FY24 Product Support 인수와 FY23 Trax 소프트웨어 투자 통합으로 비용 시너지와 디지털 업셀링 기회가 창출되고 있습니다.

성장 파이프라인: 신규 다년 배포 계약(Unison, Chromalloy, Ontic), FTAI Aviation USM 계약 연장(CFM56 2030년까지), 미 해군 P-8A 지원 계약 2건. 확정 수주 잔고는 5억 3,720만 달러로 FY26에 약 75% 인식될 예정입니다. 항공기 MRO 용량은 마이애미 11만 4천 평방피트, 오클라호마시티 8만 평방피트 규모의 격납고 확장으로 12~18개월 내 서비스 예정이며(마이애미는 허가 지연으로 다소 늦어짐).

정부 노출도 여전히 중요하며, 미국 정부 기관 및 계약자가 6억 8,760만 달러, 매출의 24.7%를 차지합니다. 2025년 6월 30일 기준 발행 주식 수는 3,585만 주이며, 비계열 시장 가치는 약 24억 3천만 달러(2024년 11월 11일 종가 기준)입니다. 직원 수는 5,600명, 계약직 500명입니다.

AAR Corp. (exercice clos le 31 mai 2025) a enregistré une forte dynamique de chiffre d'affaires. Les ventes consolidées ont augmenté de 461,6 M$, soit 19,9%, principalement grâce à la demande commerciale et à l'acquisition de Product Support en fin d'exercice FY24. Les revenus commerciaux ont progressé de 338,2 M$ (+20,6%) ; les revenus gouvernementaux ont augmenté de 123,4 M$ (+18,1%). Répartition par segment : Approvisionnement en pièces 40% des ventes, Réparation & Ingénierie 32%, Solutions Intégrées 25%, Services Expéditionnaires 3%.

Les principales opérations de portefeuille incluent la vente de l'activité de révision des trains d'atterrissage à GA Telesis pour 48 M$, entraînant une perte de cession de 71,1 M$, ainsi qu'un gain de 2,1 M$ suite à la sortie d'une coentreprise MRO en Inde. L'intégration de l'acquisition Product Support de FY24 et de l'investissement logiciel Trax de FY23 génère des synergies de coûts et des opportunités de vente additionnelle digitale.

Pipeline de croissance : nouveaux accords de distribution pluriannuels (Unison, Chromalloy, Ontic), prolongation de l'accord FTAI Aviation USM (CFM56 jusqu'en 2030) et deux contrats de support pour le P-8A de la Marine américaine. Le carnet de commandes ferme s'élève à 537,2 M$ (≈75% reconnus en FY26). La capacité MRO fuselage s'accroît avec des hangars de 114 000 pieds carrés à Miami et 80 000 pieds carrés à Oklahoma City, prévus en service dans 12-18 mois (Miami légèrement retardé pour des raisons d'autorisations).

L'exposition gouvernementale reste significative : les agences gouvernementales américaines et les sous-traitants représentaient 687,6 M$, soit 24,7% du chiffre d'affaires. Le nombre d'actions en circulation au 30 juin 2025 était de 35,85 M ; la valeur de marché hors affiliés était d'environ 2,43 Md$ (clôture au 11 novembre 2024). L'effectif totalise 5 600 employés et 500 contractuels.

AAR Corp. (Geschäftsjahr zum 31. Mai 2025) meldete ein starkes Umsatzwachstum. Der konsolidierte Umsatz stieg um 461,6 Mio. USD bzw. 19,9%, hauptsächlich getrieben durch die kommerzielle Nachfrage und die Übernahme von Product Support Ende FY24. Der kommerzielle Umsatz wuchs um 338,2 Mio. USD (+20,6%); der Regierungsumsatz stieg um 123,4 Mio. USD (+18,1%). Segmentmix: Teileversorgung 40% des Umsatzes, Reparatur & Engineering 32%, Integrierte Lösungen 25%, Expeditionary Services 3%.

Wesentliche Portfolio-Maßnahmen umfassten den Verkauf des Fahrwerksüberholungs-Geschäfts an GA Telesis für 48 Mio. USD, was einen Verlust aus der Veräußerung von 71,1 Mio. USD verursachte, sowie einen Gewinn von 2,1 Mio. USD beim Ausstieg aus einem indischen MRO-Joint Venture. Die Integration des Product Support-Kaufs aus FY24 und der Trax-Software-Investition aus FY23 führt zu Kostensynergien und digitalen Upselling-Möglichkeiten.

Wachstumspipeline: neue mehrjährige Vertriebsverträge (Unison, Chromalloy, Ontic), eine Verlängerung des FTAI Aviation USM-Vertrags (CFM56 bis 2030) und zwei Support-Verträge für die US Navy P-8A. Der feste Auftragsbestand beträgt 537,2 Mio. USD (davon ca. 75% im FY26 erkennbar). Die MRO-Kapazität für Flugzeugrümpfe wird durch Hangars mit 114.000 sq ft in Miami und 80.000 sq ft in Oklahoma City erweitert, die innerhalb von 12-18 Monaten in Betrieb gehen sollen (Miami leicht verzögert wegen Genehmigungen).

Die Regierungsexponierung bleibt bedeutend: US-Regierungsbehörden und Auftragnehmer machten 687,6 Mio. USD, 24,7% des Umsatzes aus. Die ausstehenden Aktien zum 30. Juni 2025 betrugen 35,85 Mio.; der nicht verbundene Marktwert lag bei ca. 2,43 Mrd. USD (Schlusskurs 11. Nov. 2024). Die Belegschaft umfasst 5.600 Mitarbeiter und 500 Auftragnehmer.

Positive
  • Sales up 19.9% year-on-year, outpacing industry recovery.
  • $537.2 M firm backlog with high near-term conversion.
  • Multiple new long-term distribution and Navy contracts extend revenue visibility.
  • Integration of Product Support and Trax acquisitions delivering synergies and digital capabilities.
  • Airframe MRO capacity expansions in Miami and Oklahoma City support future growth.
Negative
  • $71.1 M loss on Landing Gear Overhaul divestiture impacts FY25 earnings quality.
  • Miami hangar expansion experiencing permitting delays, pushing out capacity addition.
  • Continued reliance on U.S. government spending (25% of sales) exposes company to budget risk.

Insights

TL;DR – 19.9% sales surge, contract wins, but divestiture charge trims bottom-line quality.

Revenue acceleration confirms robust aftermarket cycle and successful Product Support integration. Distribution contracts and Navy awards broaden multi-year visibility, while a $537 M backlog supports FY26 growth. However, the $71 M write-down on Landing Gear Overhaul masks underlying EBIT leverage and underscores execution risk in portfolio pruning. Facility expansions should lift long-run capacity but near-term capex and Miami delays warrant monitoring. Overall, qualitative tone remains positive with balanced risk.

TL;DR – Stable federal exposure; budget shifts remain a watch-item.

U.S. government revenue rose 19% to $688 M, buoyed by P-8A contracts and DoD logistics work. Contract structure (multi-year ID/IQ, performance-based) offers predictability, yet future appropriations or State-Department cuts could compress volumes. Backlog conversion (75% within 12 months) provides near-term cushion. No compliance red flags noted; continued large-accelerated-filer status suggests strong reporting discipline.

AAR Corp. (anno fiscale terminato il 31 maggio 2025) ha riportato una forte crescita dei ricavi. Le vendite consolidate sono aumentate di 461,6 milioni di dollari, ovvero il 19,9%, principalmente grazie alla domanda commerciale e all'acquisizione di Product Support avvenuta a fine FY24. I ricavi commerciali sono cresciuti di 338,2 milioni di dollari (+20,6%); quelli governativi sono aumentati di 123,4 milioni di dollari (+18,1%). La composizione dei segmenti è la seguente: Parts Supply 40% delle vendite, Repair & Engineering 32%, Integrated Solutions 25%, Expeditionary Services 3%.

Le principali operazioni di portafoglio hanno incluso la cessione del business di revisione degli atterraggi a GA Telesis per 48 milioni di dollari, con una perdita da dismissione di 71,1 milioni di dollari, e un guadagno di 2,1 milioni di dollari dall'uscita da una joint venture MRO in India. L'integrazione dell'acquisizione di Product Support del FY24 e dell'investimento nel software Trax del FY23 sta generando sinergie sui costi e opportunità di upselling digitale.

Pipeline di crescita: nuovi accordi di distribuzione pluriennali (Unison, Chromalloy, Ontic), estensione dell'accordo FTAI Aviation USM (CFM56 fino al 2030) e due contratti di supporto per il P-8A della Marina degli Stati Uniti. L'ordine fermo è di 537,2 milioni di dollari (circa il 75% riconoscibile nel FY26). La capacità MRO per fusoliere si sta ampliando con hangar di 114.000 piedi quadrati a Miami e 80.000 piedi quadrati a Oklahoma City, previsti in servizio entro 12-18 mesi (Miami leggermente ritardato per permessi).

L'esposizione verso il governo rimane significativa: agenzie governative USA e appaltatori rappresentano 687,6 milioni di dollari, il 24,7% dei ricavi. Le azioni in circolazione al 30 giugno 2025 erano 35,85 milioni; il valore di mercato non affiliato era di circa 2,43 miliardi di dollari (chiusura 11 novembre 2024). La forza lavoro conta 5.600 dipendenti e 500 collaboratori.

AAR Corp. (ejercicio fiscal terminado el 31 de mayo de 2025) reportó un fuerte impulso en sus ingresos. Las ventas consolidadas aumentaron 461,6 millones de dólares, o un 19,9%, impulsadas principalmente por la demanda comercial y la adquisición de Product Support a finales del FY24. Los ingresos comerciales crecieron 338,2 millones de dólares (+20,6%); los ingresos gubernamentales aumentaron 123,4 millones de dólares (+18,1%). Mezcla de segmentos: Suministro de piezas 40% de las ventas, Reparación e Ingeniería 32%, Soluciones Integradas 25%, Servicios Expedicionarios 3%.

Movimientos clave en la cartera incluyeron la venta del negocio de revisión de trenes de aterrizaje a GA Telesis por 48 millones de dólares, generando una pérdida por desinversión de 71,1 millones de dólares, y una ganancia de 2,1 millones de dólares por la salida de una JV MRO en India. La integración de la compra de Product Support del FY24 y la inversión en software Trax del FY23 está generando sinergias en costos y oportunidades de upselling digital.

Tubería de crecimiento: nuevos acuerdos de distribución plurianuales (Unison, Chromalloy, Ontic), extensión del acuerdo FTAI Aviation USM (CFM56 hasta 2030) y dos contratos de soporte para el P-8A de la Marina de EE.UU. La cartera firme es de 537,2 millones de dólares (≈75% reconocible en FY26). La capacidad MRO de fuselajes se expande con hangares de 114.000 pies cuadrados en Miami y 80.000 pies cuadrados en Oklahoma City, previstos para entrar en servicio en 12-18 meses (Miami ligeramente retrasado por permisos).

La exposición gubernamental sigue siendo significativa: agencias gubernamentales y contratistas de EE.UU. representaron 687,6 millones de dólares, el 24,7% de los ingresos. Las acciones en circulación al 30 de junio de 2025 eran 35,85 millones; el valor de mercado no afiliado era aproximadamente 2,43 mil millones de dólares (cierre 11 de noviembre de 2024). La plantilla cuenta con 5.600 empleados y 500 contratistas.

AAR Corp. (2025년 5월 31일 종료된 회계연도)는 강력한 매출 성장세를 보고했습니다. 연결 매출은 4억 6,160만 달러, 19.9% 증가했으며, 주로 상업 수요와 FY24 말의 Product Support 인수에 힘입은 결과입니다. 상업 매출은 3억 3,820만 달러(+20.6%) 증가했고, 정부 매출은 1억 2,340만 달러(+18.1%) 증가했습니다. 부문별 매출 비중은 부품 공급 40%, 수리 및 엔지니어링 32%, 통합 솔루션 25%, 원정 서비스 3%입니다.

주요 포트폴리오 움직임으로는 GA Telesis에 착륙장치 정비 사업을 4,800만 달러에 매각하여 7,110만 달러의 처분 손실을 기록했으며, 인도 MRO 합작 투자에서 210만 달러의 이익을 얻었습니다. FY24 Product Support 인수와 FY23 Trax 소프트웨어 투자 통합으로 비용 시너지와 디지털 업셀링 기회가 창출되고 있습니다.

성장 파이프라인: 신규 다년 배포 계약(Unison, Chromalloy, Ontic), FTAI Aviation USM 계약 연장(CFM56 2030년까지), 미 해군 P-8A 지원 계약 2건. 확정 수주 잔고는 5억 3,720만 달러로 FY26에 약 75% 인식될 예정입니다. 항공기 MRO 용량은 마이애미 11만 4천 평방피트, 오클라호마시티 8만 평방피트 규모의 격납고 확장으로 12~18개월 내 서비스 예정이며(마이애미는 허가 지연으로 다소 늦어짐).

정부 노출도 여전히 중요하며, 미국 정부 기관 및 계약자가 6억 8,760만 달러, 매출의 24.7%를 차지합니다. 2025년 6월 30일 기준 발행 주식 수는 3,585만 주이며, 비계열 시장 가치는 약 24억 3천만 달러(2024년 11월 11일 종가 기준)입니다. 직원 수는 5,600명, 계약직 500명입니다.

AAR Corp. (exercice clos le 31 mai 2025) a enregistré une forte dynamique de chiffre d'affaires. Les ventes consolidées ont augmenté de 461,6 M$, soit 19,9%, principalement grâce à la demande commerciale et à l'acquisition de Product Support en fin d'exercice FY24. Les revenus commerciaux ont progressé de 338,2 M$ (+20,6%) ; les revenus gouvernementaux ont augmenté de 123,4 M$ (+18,1%). Répartition par segment : Approvisionnement en pièces 40% des ventes, Réparation & Ingénierie 32%, Solutions Intégrées 25%, Services Expéditionnaires 3%.

Les principales opérations de portefeuille incluent la vente de l'activité de révision des trains d'atterrissage à GA Telesis pour 48 M$, entraînant une perte de cession de 71,1 M$, ainsi qu'un gain de 2,1 M$ suite à la sortie d'une coentreprise MRO en Inde. L'intégration de l'acquisition Product Support de FY24 et de l'investissement logiciel Trax de FY23 génère des synergies de coûts et des opportunités de vente additionnelle digitale.

Pipeline de croissance : nouveaux accords de distribution pluriannuels (Unison, Chromalloy, Ontic), prolongation de l'accord FTAI Aviation USM (CFM56 jusqu'en 2030) et deux contrats de support pour le P-8A de la Marine américaine. Le carnet de commandes ferme s'élève à 537,2 M$ (≈75% reconnus en FY26). La capacité MRO fuselage s'accroît avec des hangars de 114 000 pieds carrés à Miami et 80 000 pieds carrés à Oklahoma City, prévus en service dans 12-18 mois (Miami légèrement retardé pour des raisons d'autorisations).

L'exposition gouvernementale reste significative : les agences gouvernementales américaines et les sous-traitants représentaient 687,6 M$, soit 24,7% du chiffre d'affaires. Le nombre d'actions en circulation au 30 juin 2025 était de 35,85 M ; la valeur de marché hors affiliés était d'environ 2,43 Md$ (clôture au 11 novembre 2024). L'effectif totalise 5 600 employés et 500 contractuels.

AAR Corp. (Geschäftsjahr zum 31. Mai 2025) meldete ein starkes Umsatzwachstum. Der konsolidierte Umsatz stieg um 461,6 Mio. USD bzw. 19,9%, hauptsächlich getrieben durch die kommerzielle Nachfrage und die Übernahme von Product Support Ende FY24. Der kommerzielle Umsatz wuchs um 338,2 Mio. USD (+20,6%); der Regierungsumsatz stieg um 123,4 Mio. USD (+18,1%). Segmentmix: Teileversorgung 40% des Umsatzes, Reparatur & Engineering 32%, Integrierte Lösungen 25%, Expeditionary Services 3%.

Wesentliche Portfolio-Maßnahmen umfassten den Verkauf des Fahrwerksüberholungs-Geschäfts an GA Telesis für 48 Mio. USD, was einen Verlust aus der Veräußerung von 71,1 Mio. USD verursachte, sowie einen Gewinn von 2,1 Mio. USD beim Ausstieg aus einem indischen MRO-Joint Venture. Die Integration des Product Support-Kaufs aus FY24 und der Trax-Software-Investition aus FY23 führt zu Kostensynergien und digitalen Upselling-Möglichkeiten.

Wachstumspipeline: neue mehrjährige Vertriebsverträge (Unison, Chromalloy, Ontic), eine Verlängerung des FTAI Aviation USM-Vertrags (CFM56 bis 2030) und zwei Support-Verträge für die US Navy P-8A. Der feste Auftragsbestand beträgt 537,2 Mio. USD (davon ca. 75% im FY26 erkennbar). Die MRO-Kapazität für Flugzeugrümpfe wird durch Hangars mit 114.000 sq ft in Miami und 80.000 sq ft in Oklahoma City erweitert, die innerhalb von 12-18 Monaten in Betrieb gehen sollen (Miami leicht verzögert wegen Genehmigungen).

Die Regierungsexponierung bleibt bedeutend: US-Regierungsbehörden und Auftragnehmer machten 687,6 Mio. USD, 24,7% des Umsatzes aus. Die ausstehenden Aktien zum 30. Juni 2025 betrugen 35,85 Mio.; der nicht verbundene Marktwert lag bei ca. 2,43 Mrd. USD (Schlusskurs 11. Nov. 2024). Die Belegschaft umfasst 5.600 Mitarbeiter und 500 Auftragnehmer.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 21, 2025
newslogo.jpg
NEWS CORPORATION
(Exact name of registrant as specified in its charter) 
     
Delaware 001-35769 46-2950970
(State or other jurisdiction
of incorporation)
 (Commission
 File Number)
 (IRS Employer
Identification No.)
 
1211 Avenue of the Americas, New York, New York 10036
(Address of principal executive offices, including zip code)
 
(212) 416-3400
(Registrant's telephone number, including area code)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Class A Common Stock, par value $0.01 per share NWSA The Nasdaq Global Select Market
Class B Common Stock, par value $0.01 per shareNWSThe Nasdaq Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 8.01    Other Events. 
As previously reported, under each of News Corporation's (the "Company's") stock repurchase programs (the "Repurchase Programs"), the Company is authorized to acquire from time to time up to $1 billion in the aggregate of the Company's outstanding shares of Class A common stock and Class B common stock. Under the rules of the Australian Securities Exchange (the "ASX"), the Company is required to provide to the ASX, on a daily basis, disclosure of transactions pursuant to the Repurchase Programs, if any. The Company also discloses information concerning the Repurchase Programs in the Company's quarterly and annual reports.
Attached as Exhibit 99.1 and Exhibit 99.2 are copies of the information provided to the ASX on the respective dates noted therein. Such information contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the Company's intent to repurchase, from time to time, the Company's Class A common stock and Class B common stock. These statements are based on management's current expectations and beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by such statements due to, among other factors, changes in the market price of the Company's stock, general market conditions, applicable securities laws and alternative investment opportunities, as well as the risks, uncertainties and other factors described in the Company's filings with the Securities and Exchange Commission. The "forward-looking statements" included in such information are made only as of the date of this report. We do not have and do not undertake any obligation to publicly update any "forward-looking statements" to reflect subsequent events or circumstances, and we expressly disclaim any such obligation, except as required by law or regulation.


Item 9.01    Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.Description
99.1
Information provided to the Australian Securities Exchange on the date noted on Exhibit 99.1.
99.2
Information provided to the Australian Securities Exchange on the date noted on Exhibit 99.2.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
    
 NEWS CORPORATION
(REGISTRANT)
 
   
 By: /s/ Michael L. Bunder
   Michael L. Bunder
   Senior Vice President, Deputy General Counsel and Corporate Secretary
Dated: July 22, 2025


FAQ

How much did AAR Corp.'s (AIR) revenue grow in fiscal 2025?

Consolidated sales increased by $461.6 million, or 19.9% versus fiscal 2024.

What impact did the Landing Gear Overhaul divestiture have on AIR's results?

The sale generated $48 million in proceeds but led to a $71.1 million loss, including $14.6 million of goodwill.

What is AIR's current backlog and when will it convert to revenue?

Firm backlog is $537.2 million; management expects about 75% to be recognized in fiscal 2026.

Which segments contributed most to AIR's fiscal-year sales?

Parts Supply accounted for 40%, Repair & Engineering 32%, Integrated Solutions 25%, and Expeditionary Services 3%.

What facility expansions are underway at AIR?

New airframe MRO hangars—114 k sq ft in Miami and 80 k sq ft in Oklahoma City—are slated to open within 12-18 months.
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