Last $25.86 USD
Change Today +0.05 / 0.19%
Volume 118.5K
AIR On Other Exchanges
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As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

One AAR Place

1100 North Wood Dale Road

Wood Dale, IL 60191

United States

Phone: 630-227-2000

Fax: 630-227-2039

AAR CORP. provides products and services to the aviation and government and defense markets worldwide. The company reports its activities in two business segments, Aviation Services and Technology Products. Aviation Services The Aviation Services segment provides aftermarket support and services for the commercial aviation and government and defense markets. In this segment, it provides inventory management and distribution services, overhaul, repair and engineering services, and expeditionary airlift services. The company sells and leases various new, overhauled and repaired engine and airframe parts and components to its commercial and defense customers. The company is an authorized distributor for approximately 70 aviation product manufacturers. The company provides customized inventory supply and management, warranty claim management, and outsourcing programs for engine and airframe parts and components in support of its airline customers' maintenance activities. The types of services provided under these programs include material planning, sourcing, logistics, information and program management, and parts and component repair and overhaul. The company also provides customized performance-based logistics programs in support of the U.S. Department of Defense (DoD) and foreign governments. The types of services provided under these programs include material planning, sourcing, logistics, information and program management, airframe maintenance and maintenance planning, and component repair and overhaul. The company provides major airframe maintenance inspection and overhaul, painting services, line maintenance, airframe modifications, structural repairs, avionic service and installation, exterior and interior refurbishment, and engineering services and support for many types of commercial and military aircraft. The company also repairs and overhauls landing gears, wheels, and brakes for commercial and military aircraft. The company operates six airframe maintenance facilities and one landing gear overhaul facility. Its airframe maintenance facilities are in Indianapolis, Indiana; Oklahoma City, Oklahoma; Duluth, Minnesota; Miami, Florida; and Lake Charles, Louisiana and a regional aircraft maintenance facility in Hot Springs, Arkansas. The company landing gear overhaul facility is in Miami, Florida, where it repairs and overhauls landing gear, wheels, brakes, and actuators for different types of commercial and military aircraft. The company provides expeditionary airlift services to the United States and other government customers. Its expeditionary airlift services provide fixed- and rotary-wing flight operations, transporting personnel and cargo principally in support of the DoD. The company operates a fleet of customized fixed- and rotary-wing aircraft, principally in Afghanistan, Northern Africa and Western Pacific regions. The company holds FAR Part 133 and 135 certificates to operate aircraft and a FAR Part 145 certificate to operate a repair station. The company is also Commercial Aircraft Review Board certified with the DoD. Activities in the company’s Aviation Services segment also include the sale and lease of used commercial aircraft. Each sale or lease is negotiated as a separate agreement which includes term, price, representations, warranties, and lease return provisions. As of May 31, 2014, the company held four aircraft in joint ventures and two wholly-owned aircraft. The majority of the company’s sales are made pursuant to standard commercial purchase orders. Certain inventory supply and management and performance-based logistics program agreements reflect negotiated terms and conditions. To support activities within the Aviation Services segment, the company acquires aviation parts and components from domestic and foreign airlines, independent aviation service companies, aircraft leasing companies, and Original Equipment Manufacturers (OEMs). The company has ongoing arrangements with OEMs that provide it access to parts, repair manuals, and service bulletins in support of parts manufactured by them. The company purchases aircraft and engines for disassembly into individ

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AIR

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Valuation AIR Industry Range
Price/Earnings 14.9x
Price/Sales 0.5x
Price/Book 1.0x
Price/Cash Flow 14.9x
TEV/Sales 0.1x
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