Last $23.94 USD
Change Today -0.21 / -0.87%
Volume 140.4K
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11/26/13 - $31.55
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aar corp (AIR) Details

AAR CORP. provides products and services to commercial aviation, government, and defense markets worldwide. The company operates through two segments, Aviation Services and Technology Products. The Aviation Services segment sells and leases various new, overhauled and repaired engine, and airframe parts and components to commercial and defense customers; provides customized inventory supply and management, warranty claim management, and outsourcing programs for engine and airframe parts and components; and offers customized performance-based logistics programs in support of the U.S. Department of Defense and foreign governments. This segment also provides airframe maintenance inspection and overhaul, painting, line maintenance, airframe modification, structural repair, avionic service and installation, exterior and interior refurbishment, and engineering services, as well as support for commercial and military aircraft; and repair and overhaul for landing gears, wheels, brakes, and actuators; and airlift services, such as fixed-and rotary-wing flight operations, and transporting personnel and cargo to government customers, as well as sells and leases used commercial aircraft. The Technology Products segment designs, manufactures, and repairs transportation pallets, temperature-controlled containers, and containers and shelters used in support of military and humanitarian tactical deployment activities; designs, manufactures, and installs in-plane cargo loading and handling systems for commercial aircraft, military aircraft, and helicopters; and provides engineering, design, and system integration services for specialized command and control systems. The company primarily markets and sells products and services through its employees and sales agents. As of May 31, 2014, it held four aircraft in joint ventures and two wholly-owned aircraft. The company was founded in 1951 and is headquartered in Wood Dale, Illinois.

5,800 Employees
Last Reported Date: 07/17/14
Founded in 1951

aar corp (AIR) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $906.4K
President, Chief Operating Officer and Direct...
Total Annual Compensation: $499.3K
Chief Financial Officer, Vice President and T...
Total Annual Compensation: $400.0K
Vice President, General Counsel and Secretary
Total Annual Compensation: $391.6K
Chief Accounting Officer, Vice President and ...
Total Annual Compensation: $360.4K
Compensation as of Fiscal Year 2014.

aar corp (AIR) Key Developments

AAR Corp. Secures Contracts at MRO Facility in Lake Charles

AAR Corp. has secured contracts for work to be done at its new maintenance, repair and overhaul, or MRO, facility in Lake Charles. With these commitments, AAR's Lake Charles MRO has begun supporting a customer mix of major US carriers, leasing institutions and VIP operators covering a broad range of wide-body aircraft to include the Airbus 330 and 340, and Boeing 767 and 777 platforms. Program work scopes include heavy maintenance checks, interior modifications, and IFE system upgrades and modifications. The recent uptick in program awards for Lake Charles MRO is well timed as AAR just opened a sixth hangar at Chennault International Airport. At 118,000 square feet, the new hangar expands AAR's capacity to accept wide-body work.

AAR Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended August 31, 2014; Revised Earnings Guidance for the Fiscal 2015

AAR Corp. reported unaudited consolidated earnings results for the first quarter ended August 31, 2014. For the period net income attributable to the company was $14.4 million or $0.36 per basic and diluted share on sales of $469.2 million against net income attributable to the company was $17.9 million or $0.45 per basic and diluted share on sales of $514.5 million a year ago. Operating income was $31.0 million, interest income was $0.1 million and income before income taxes was $21.5 million against operating income was $38.2 million, interest income was $0.3 million and income before income taxes was $27.5 million a year ago. Net cash provided from operating activities was $15.0 million and property, plant and equipment expenditures were $9.0 million. Net debt as at August 31, 2014 was $545.3 million. The company's previous earnings guidance included assumptions on the number and mix of contracted Airlift positions, including certain awards that now seem unlikely to materialize. Therefore, the company is adjusting its earnings per share guidance from a range of $1.80 to $1.90 to a range of $1.65 to $1.75 and its sales guidance from a range of $2.100 to $2.150 billion to a range of $2.000 to $2.050 billion.

AAR Announces Five-Year Agreement with Air Nostrum

AAR Corp. has announced a five-year agreement with Air Nostrum to overhaul landing gear on its CRJ900 aircraft fleet. The contract builds upon AAR's existing relationship and experience servicing landing gear on the airline's entire fleet of CRJ200s over the past seven years. AAR is performing the work at its landing gear repair station in Miami. This agreement expands AAR's global maintenance, repair and overhaul capabilities on regional jets. Last month, the company signed an agreement with Utah-based SkyWest Airlines to overhaul landing gear on its fleet of 40 Embraer 175 commercial passenger jets.


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