WOOD DALE, Ill., May 30, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has been awarded on USA TODAY's list of America's Best Climate Leaders 2024. This prestigious award is presented by USA TODAY and Statista Inc., the world-leading statistics portal and industry ranking provider. The America's Best Climate Leaders of 2024 award is based on a two-step process. In the first phase, application and research, compani ...

This award recognizes AAR's dedication to supporting a diverse workforce and inclusive work environment for the second consecutive year.WOOD DALE, Ill., May 29, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that it has been recognized as one of America's Greatest Workplaces for Diversity 2024 by Newsweek and Plant-A Insights Group. This award recognizes AAR's dedication to supporting a diverse workf ...

WOOD DALE, Ill., May 23, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, will participate in Stifel's 2024 Cross Sector Insight Conference.AAR's Chief Financial Officer Sean Gillen will present on Wednesday, June 5, 2024, at 1:50 p.m. Eastern Time. A live audio webcast will be available at https://wsw.com/webcast/stifel89/air/1916320. Following the conference, the webcast recording will be available for on-demand lis ...

Steadily improving air traffic across the globe has been boosting the growth prospects of the  Zacks Aerospace-Defense Equipment industry stocks. However, persistent supply-chain issues may negatively impact the operating results of the industry players. Nevertheless, valuable mergers and acquisitions are projected to improve economies of scale for the concerned stocks. Solid growth projections for the airline industry should bolster aerospace-defense equipment stocks’ growth. Some key players from this ind ...

WOOD DALE, Ill., April 11, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed an extension and expansion of its V2500 engine component distribution agreement with Sumitomo Precision Products Co., Ltd. (SPP). Under the agreement, AAR has extended its exclusive agreement to distribute the V2500 pneumatic starter and starter control valve on behalf of SPP for the life of the program. The contract also expands AA ...

WOOD DALE, Ill., April 9, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, was awarded the 2023 Component Repair Supplier of the Year – Large Volume Category by Atlas Air Worldwide (Atlas Air).  "We are honored to be named Supplier of the Year – Large Volume Category," said Jim Berberet. Post this Atlas Air Worldwide congratulates members of AAR’s Component Services team. AAR's Component Services sites in Grand Pr ...

AAR Corp. (AIR) recently announced that it has started construction of its maintenance, repair and overhaul (MRO) facility in Oklahoma City.Details of the ProjectThe new airframe MRO facility, being constructed near AAR’s existing facility at Will Rogers World Airport, is anticipated to be operational in January 2026.The facility will provide AAR with an added hangar and warehouse space of more than 80,000 square feet. It will be enough to accommodate all variants of Boeing’s 737 jets, including the 737-10 ...

The new facility is expected to be operational in early 2026.WOOD DALE, Ill., April 5, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, broke ground on the expansion of its maintenance, repair, and overhaul facility in Oklahoma City earlier today.More than 150 representatives from AAR, Alaska Airlines, state and local government, and partner organizations supporting the efforts gathered to celebrate groundbreaking on ...

WOOD DALE, Ill. , April 4, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has announced an exclusive multi-year commercial distribution agreement with TRIUMPH's Actuation Products & Services business unit. Under the agreement, which commences in January of 2026, AAR will exclusively distribute TRIUMPH's commercial actuation product line, which includes more than 100 top-level assemblies and their subcomponents used ...

AAR Corp. (AIR) reported third-quarter fiscal 2024 adjusted earnings of 85 cents per share, which surpassed the Zacks Consensus Estimate of 84 cents by 1.2%. The bottom line improved 13.3% from the year-ago quarter’s level.The company reported GAAP earnings per share (EPS) of 39 cents compared with 62 cents in the prior-year quarter.Total SalesIn the quarter under review, AAR generated net sales of $567.3 million. The reported figure missed the Zacks Consensus Estimate of $568 million by 0.1% but increased ...