AAR acquires HAECO Americas and signs multi-year contracts with key customers, extending North American MRO leadership

Core Insights - AAR CORP. has acquired HAECO Americas for $78 million, enhancing its heavy maintenance capabilities and supporting its strategic goal to grow the Repair & Engineering segment [1][2][3] - The acquisition includes multi-year heavy maintenance contracts worth over $850 million with key customers, indicating strong demand and solid customer relationships [1][4] Company Overview - AAR CORP. is a leading provider of aviation services, operating in commercial and government sectors, and has a strong presence in North America [1][8] - HAECO Americas is the second largest heavy maintenance provider in North America, specializing in aircraft maintenance, repair, and overhaul services [2] Strategic Rationale - The acquisition aligns with AAR's objectives to expand its customer relationships and meet increasing demand in the North American market [6] - AAR's Airframe MRO network has a multi-year backlog, and the acquisition will help optimize its operational footprint [6] - AAR expects to realize significant synergies and improve profitability by applying its operational model to HAECO Americas [6][7] Operational Insights - AAR has invested in training and technology to enhance MRO operations, leading to reduced turnaround times and improved operating margins [3] - HAECO Americas has over 1,600 experienced team members, including 30% veterans, contributing to its operational excellence [4][5]