AAR (AIR) Unit Secures $159.7M Contract With Air Force

Group 1 - AAR Corp. (NYSE:AIR) is recognized as one of the top 10 non-tech stocks to buy and hold for a period of 5 years [1] - AAR Manufacturing LLC, a unit of AAR Corp., secured a contract worth $159.78 million from the U.S. Department of War for the repair of cargo pallets [1][2] - The contract pertains to the 463L legacy cargo pallet system, which is utilized by the U.S. Air Force for air transport operations [1] Group 2 - The contract is a firm-fixed-price, indefinite-delivery requirements contract, with work to be conducted at AAR Corp.'s facility in Cadillac, Michigan, and is expected to be completed by March 5, 2031 [2] - The contract was awarded as a sole-source acquisition, with no funds obligated at the time of the award [2] - Truist raised its price target for AAR Corp. from $107 to $128 while maintaining a Buy rating, citing recent margin expansion and strategic repositioning [3]