AAR(US:AIR) ZACKS·2026-01-06 15:25Core Insights - AAR Corp.'s subsidiaries, Trax and Aerostrat, have been selected by Thai Airways to assist in the airline's digital maintenance, repair, and overhaul (MRO) transformation [2][3] Group 1: Company Developments - Trax will implement its eMRO enterprise resource planning platform, eMobility applications, and cloud hosting services to enhance Thai Airways' maintenance operations, enabling real-time data access and improved workflow efficiency [2] - Aerostrat will provide its Aerros maintenance planning software, which focuses on long-term maintenance forecasting and optimization to enhance fleet availability and cost efficiency [3] - Thai Airways will also adopt AI-driven solutions from both Trax and Aerostrat to improve planning, automate workflows, and support defect resolution, thereby enhancing scalability and operational flexibility [3] Group 2: Industry Context - The demand for aircraft maintenance and upgrade solutions is increasing due to rising air travel and advancements in aerospace technology, as airlines expand fleets and extend aircraft service lives [4] - The global aircraft MRO market is projected to grow at a CAGR of 4.75% from 2025 to 2030, indicating favorable industry dynamics for established MRO providers like AAR [6] Group 3: Competitive Landscape - Other aerospace companies expected to benefit from the expanding MRO market include GE Aerospace, which plans to invest $75 million in MRO and component repair facilities in the APAC region by the end of 2025 [7] - RTX Corporation's Collins Aerospace unit operates five facilities in Singapore, providing MRO and manufacturing services, with a long-term earnings growth rate of 10.21% [8][9] - Lockheed Martin's Sikorsky Military Aircraft unit offers comprehensive aircraft support services, with a long-term earnings growth rate of 11.94% [10] Group 4: Stock Performance - AAR's stock has increased by 6% over the past three months, outperforming the industry growth of 0.2% [11]