AAR CORP (AIR) AAR Corp. delivers a wide array of products and services to the global commercial aviation, government, and defense sectors. Its Aviation Services division focuses on comprehensive aftermarket support, encompassing inventory management, distribution, and extensive maintenance, repair, and overhaul (MRO) capabilities, alongside specialized engineering services. This segment is also involved in the sale and leasing of new, reconditioned, and repaired aircraft engine and airframe components. It manages tailored inventory and repair programs, processes warranty claims, and provides outsourcing solutions for these critical parts. Furthermore, it implements performance-based supply chain logistics programs specifically designed for the U.S. Department of Defense and international governmental bodies. A full suite of airframe services is offered, including inspection, maintenance, repair, overhaul, painting, line maintenance, modifications, structural repairs, avionics installation, and both exterior and interior refurbishment, complemented by engineering and support. The company also performs repair and overhaul on vital components such as landing gears, wheels, and brakes. The Expeditionary Services division is dedicated to facilitating the movement of equipment and personnel for the U.S. and international governments, as well as non-governmental organizations (NGOs). Its capabilities extend to the design, manufacturing, and repair of various transportation pallets, containers, and shelters. This segment also provides engineering, design, and system integration expertise for sophisticated command and control systems. AAR's diverse clientele includes both domestic and international passenger and cargo airlines, regional and commuter carriers, business and general aviation operators, original equipment manufacturers (OEMs), aircraft leasing firms, other aftermarket aviation support enterprises, and military customers globally. Its marketing and sales efforts are primarily conducted through its dedicated employees and a network of international sales representatives. Established in 1951, AAR Corp. maintains its corporate headquarters in Wood Dale, Illinois.
Sector: Aircraft & Parts
Industry: Aerospace & Defense
AAR Corp. NYSE:AIR Industrials · Aerospace & Defense
AH Close $95.25 +0.00% vs close
AH Close $95.25 +0.00% vs close
All Press Release SEC Filings News
Press Release
AIR Announces Capital Return Framework
globenewswire.com • 10d ago Press Release ⚠ 3
Clean Air Metals and Fiore-Backed Springbok Ventures Announce Update on Proposed Transaction and Resumption of Trading of Clean Air Metals
The TSXV reclassified Clean Air Metals' business combination with Springbok from a reverse takeover to a Policy 5.3 acquisition, and trading in AIR shares is expected to resume at market open on October 7 after being halted since August 19.
All other deal terms are unchanged: a three-cornered amalgamation will fold Springbok into Clean Air Metals, the combined company will be rebranded Dante Metals Corp., and shares will be consolidated 10-for-1 immediately prior to closing.
Clean Air also closed a C$6.2 million subscription receipt offering in September, and completion of the transaction remains subject to ongoing TSXV review with a risk the halt could be re-imposed.
• 18d ago AI analysis › SEC Filing ● Critical ⚠ 5
AIR: 8-K · acquisition merger
AAR CORP signed a Share Purchase Agreement on September 28, 2026 to acquire 65% of MRO Panama (Aeroman) from MROH Intermediate Holdco for an estimated $1.82 billion in cash plus $780.8 million in newly issued Series A Convertible Preferred Stock, with an option to buy an additional 5%. The deal is expected to close in AAR's fiscal Q3 ending February 2027, subject to regulatory approvals.
The transaction is financed with a fully committed debt facility, a $1.35 billion intercompany term loan, and a concurrent $231.6 million PIPE offering of 2,215,791 common shares at $104.50 per share, closing around October 1, 2026. AAR will control an eight-member board of managers with five designees and holds staged call options to buy out the seller over roughly four years at a 13.5x-15.25x EBITDA multiple.
Key risks for AAR shareholders include PIPE-related dilution, leverage from the debt financing, a $100 million (or $150 million) termination fee if antitrust approvals fail, and restrictions preventing AAR from operating heavy maintenance facilities in the Americas outside MRO Holdings until the seller is fully bought out.
SEC 8-K • 26d ago AI analysis › Press Release ● Major ⚠ 3
AAR reports first quarter fiscal year 2027 results
AAR CORP reported Q1 FY2027 sales of $918 million, up 24% year-over-year, with GAAP diluted EPS of $1.00 and adjusted diluted EPS of $1.49, up 38%.
Adjusted EBITDA rose 34% to $117 million with margin expanding 100bps to 12.7%, and operating cash flow of $56 million helped cut net leverage to 1.81x.
The company raised full-year FY2027 sales growth guidance (ex. Legacy Commercial Programs) to low teens and guided Q2 sales growth of 14%-16%, excluding any MRO Holdings impact.
Separately, AAR announced a definitive agreement to acquire a 65% controlling interest in MRO Holdings; its earnings call was rescheduled to 7:00 AM CT on September 29 to discuss both.
• 27d ago AI analysis › Press Release ● Critical ⚠ 4
AAR accelerates its aftermarket platform strategy by agreeing to acquire a controlling interest in MRO Holdings
AAR CORP. agreed to acquire a 65% controlling interest in MRO Holdings at an implied enterprise value of $4.0 billion, or 10.7x forecasted calendar 2026 adjusted EBITDA of $285 million.
MRO Holdings is expected to generate roughly $1.0 billion of calendar 2026 sales at a ~27% adjusted EBITDA margin, lifting AAR's consolidated adjusted EBITDA margin from ~12% to ~16% before synergies, with $75 million of run-rate cost synergies targeted and a 19-20% margin goal within three to four years.
Funding comprises ~$2.1 billion of new debt, ~$780 million of AAR equity issued at $135 per share, and ~$230 million from a PIPE led by The Pritzker Organization; net leverage at close is expected at ~3.6x, declining to ~3.0x within two years. The deal is expected to close in AAR's fiscal Q3 ending February 2027, subject to regulatory approvals, and to be accretive to adjusted EPS in the first full fiscal year.
• 27d ago AI analysis › SEC Filing
AIR: 8-K · proxy statement
AAR CORP. held its 2026 Annual Meeting of Stockholders on September 23, 2026, with about 93% of the 40,258,840 shares outstanding represented.
Stockholders elected Class III directors John W. Dietrich, Robert F. Leduc, and Peter Pace to three-year terms, approved Fiscal Year 2026 executive compensation on an advisory basis, and ratified KPMG LLP as independent auditor for the fiscal year ending May 31, 2027.
Shareholders also approved the AAR CORP. 2026 Stock Plan, which authorizes discretionary grants of stock options, stock awards, SARs, and other equity or cash-based incentives to employees and directors.
SEC 8-K • 1mo ago AI analysis › Press Release
AAR to announce first quarter fiscal year 2027 results on September 29, 2026
AAR CORP. will release financial results for its first quarter of fiscal year 2027, ended August 31, 2026, after the close of NYSE trading on Tuesday, September 29, 2026.
Following the release, AAR will host a conference call at 4 p.m. Central time, with a listen-only webcast and an on-demand replay available for approximately one year.
This is a calendar notice only — no financial results, guidance, or other operating data were disclosed in the release.
• 1mo ago AI analysis › Press Release
AIR Announces Participation in Barclays Global Consumer Conference
globenewswire.com • 1mo ago Press Release
AAR announces participation in 2026 Jefferies Global Industrials Conference
AAR CORP. announced that senior management will participate in the 2026 Jefferies Global Industrials Conference in New York City on September 9, 2026.
Chairman, President and CEO John M. Holmes is scheduled to present at 10:50 a.m. Eastern Time, while Holmes and CFO Dylan Wolin will also host one-on-one and group investor meetings.
Presentation materials and a live webcast will be available on the company's website, with the webcast archived for 90 days following the event.
• 1mo ago AI analysis › News
Is AAR (AIR) Outperforming Other Aerospace Stocks This Year?
zacks.com • 1mo ago Press Release
AAR names Sanjay Sood Senior Vice President and Chief Digital & Technology Officer
AAR CORP. appointed Sanjay Sood as Senior Vice President and Chief Digital & Technology Officer, effective immediately, reporting to CEO John M. Holmes.
Sood will oversee the company's technology organization, including enterprise systems, infrastructure, cybersecurity, data analytics, and AI initiatives.
He joins AAR from CDW, where he served as Senior Vice President and Chief Technology Officer, and previously held leadership roles at HERE Technologies.
• 1mo ago AI analysis › Press Release
AAR earns 2026 Great Place To Work Certification™
AAR CORP. announced it has been Certified by Great Place To Work for the second consecutive year, based on feedback from its companywide engagement survey.
The survey results highlighted strengths in safety, meaningful work, pride in the company's accomplishments, and an inclusive culture.
CEO John M. Holmes stated the recognition reflects the team members and the culture they help create every day.
• 1mo ago AI analysis › Press Release
AIR Announces Results of Extraordinary General Meeting of Shareholders
globenewswire.com • 1mo ago News
Buy 3 Mid-Sized Defense Equipment Stocks Amid Geopolitical Conflicts
zacks.com • 2mo ago News
AAR (AIR) Up 9.1% Since Last Earnings Report: Can It Continue?
zacks.com • 2mo ago News
Can Acquisitions Strengthen AAR's Position in the Aircraft MRO Market?
zacks.com • 2mo ago News
AAR Corp.: Market-Share Gains, Capacity Expansion And An Improving Mix Support Further Upside
seekingalpha.com • 2mo ago Press Release ⚠ 1
Presenting on Emerging Growth Conference 95 Day 2 on August 20; Register to live stream
ASP Isotopes is scheduled to present at the Emerging Growth Conference on Day 2, August 20, 2026.
CEO Paul Elliot Mann will serve as the keynote speaker during the 10:15 a.m. to 10:45 a.m. ET session.
The conference is hosted by EmergingGrowth.com, which discloses that presenting companies pay fees to secure presentation slots.
• 2mo ago AI analysis › News
Are Aerospace Stocks Lagging AAR (AIR) This Year?
zacks.com • 2mo ago News
Are You Looking for a Top Momentum Pick? Why AAR (AIR) is a Great Choice
zacks.com • 2mo ago News
AAR Corp. (AIR) Hit a 52 Week High, Can the Run Continue?
zacks.com • 2mo ago Press Release
AIR Announces Extraordinary General Meeting of Shareholders
globenewswire.com • 2mo ago SEC Filing
AIR: DEF 14A · proxy statement
AAR CORP. has filed its definitive proxy statement for the 2026 annual meeting, proposing the election of three new independent directors to fill the vacancies left by the retirement of General Duncan J. McNabb. The nominees include Jennifer L. Vogel, Hema Widhani, and Jeffrey N. Edwards, bringing expertise in digital transformation, finance, and corporate governance to the Board.
Stockholders are asked to approve the AAR CORP. 2026 Stock Plan, which replaces the 2013 Plan and authorizes 2,943,000 new shares for equity compensation. The company estimates the plan's overhang to range between 8.3% and 11.9% based on current outstanding shares, with the aggregate value of the requested shares approximately $414 million.
The proxy also includes an advisory vote on executive compensation, reporting CEO John M. Holmes received total compensation of $9.87 million for Fiscal Year 2026, and ratifies KPMG LLP as the independent auditor for Fiscal Year 2027.
SEC DEF 14A • 2mo ago News
3 Reasons Why Growth Investors Shouldn't Overlook AAR (AIR)
zacks.com • 2mo ago SEC Filing
AIR: 8-K · leadership change
AAR CORP. granted a special performance-based restricted stock award to Chairman and CEO John M. Holmes covering 161,500 shares. The award carries a target fair value of approximately $15 million and is designed to incentivize long-term stockholder value creation over a five-year period.
Cliff vesting occurs on July 31, 2031, contingent upon achieving specific stock price hurdles of $175, $200, and $250 per share. These targets represent premiums of 35%, 54%, and 93%, respectively, above the July 23, 2026 closing price of $129.47, requiring the company to more than double its stock price for the full award to be earned.
The award is separate from Mr. Holmes' regular annual compensation and includes standard provisions for change in control, death, or disability. The Board approved the grant following an extensive market analysis to ensure strong alignment between executive pay and stockholder returns.
SEC 8-K • 3mo ago AI analysis › News
Here's Why AAR (AIR) is a Strong Growth Stock
zacks.com • 3mo ago News
Is AAR (AIR) Stock Outpacing Its Aerospace Peers This Year?
zacks.com • 3mo ago News
AAR: Buy The Connected Aftermarket Story
seekingalpha.com • 3mo ago News
AAR Corp. (AIR) Q4 2026 Earnings Call Transcript
seekingalpha.com • 3mo ago News
AAR Q4 Earnings Call Highlights
marketbeat.com • 3mo ago SEC Filing ⚠ 4
AIR: 10-K · periodic report
AAR CORP reported fiscal 2026 consolidated sales of $3.31 billion, an increase of 19.0% over the prior year, driven by strong demand in new parts distribution and recent acquisitions. Gross profit increased 17.9% to $622.0 million, with record profitability driven by margin expansion across business areas and significant growth in the Government Solutions segment.
The company announced a strategic restructuring plan to exit its Legacy Commercial Programs segment, which accounted for approximately 5% of sales, as it no longer meets capital return thresholds. The wind-down of this asset-heavy business is expected to take three to four years as customer contracts are terminated and rotable assets are sold.
Fiscal 2026 was the company's most acquisitive year to date, highlighted by the purchase of HAECO Americas for $78.0 million and American Distributors Holding Co. for $137.1 million. These transactions expanded the company's heavy maintenance footprint and electronic components distribution capabilities, contributing to the year's exceptional financial performance.
SEC 10-K • 3mo ago AI analysis › Press Release ● Major
AAR reports fourth quarter and fiscal year 2026 results
AAR reported strong Q4 FY2026 results with sales increasing 23% to $928 million and adjusted EBITDA growing 27% to $116 million, with margins expanding from 12.4% to 12.5%.
For the full fiscal year 2026, sales grew 19% to $3.3 billion while adjusted EBITDA increased 24% to $401 million, reflecting strong performance across all segments led by 39% growth in Parts Supply.
The company provided FY2027 guidance for sales growth in the low double-digits to low teens, with net leverage at 2.03x, well within the target range of 2.0x-2.5x.
• 3mo ago AI analysis › News
3 Reasons Why Growth Investors Shouldn't Overlook AAR (AIR)
zacks.com • 3mo ago News
Is AAR Expanding Its Presence in the Aircraft MRO Market?
zacks.com • 3mo ago News
Kevin Mahn on Strait of Hormuz Pressures & "AIR 7" Outperformance v. Mag 7
youtube.com • 3mo ago Press Release
AAR to announce fourth quarter fiscal year 2026 results on July 21, 2026
AAR Corp. announced it will release its fiscal fourth quarter 2026 financial results after the market close on Tuesday, July 21, 2026.
Management will host a conference call to discuss the results at 4 p.m. Central time on the same day, accessible via webcast and phone registration.
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries, serving commercial and government customers.
• 3mo ago AI analysis › News
Here's Why AAR (AIR) is a Strong Momentum Stock
zacks.com • 3mo ago News
AAR (AIR) Upgraded to Buy: Here's Why
zacks.com • 3mo ago News
Are Aerospace Stocks Lagging AAR (AIR) This Year?
zacks.com • 3mo ago News
Here's Why AAR (AIR) is a Strong Growth Stock
zacks.com • 3mo ago News
This AAR Analyst Is No Longer Bullish; Here Are Top 3 Downgrades For Tuesday
benzinga.com • 3mo ago News
AAR Corp. (AIR) Hits Fresh High: Is There Still Room to Run?
zacks.com • 4mo ago News
Here's Why You Should Add AIR Stock to Your Portfolio Right Now
zacks.com • 4mo ago News
Why AAR (AIR) is a Top Growth Stock for the Long-Term
zacks.com • 4mo ago News
Is AAR (AIR) Stock Outpacing Its Aerospace Peers This Year?
zacks.com • 4mo ago News
AAR Corp.: An Interesting Aviation Stock But No Longer Cheap
seekingalpha.com • 4mo ago News
AAR (AIR) Upgraded to Buy: Here's What You Should Know
zacks.com • 4mo ago News
AAR Corp.: Structural Earnings Power Not Reflected In The Multiple
seekingalpha.com • 4mo ago Press Release
AAR announces participation in 2026 William Blair Growth Stock Conference
AAR Corp. announced that senior management will participate in the 2026 William Blair Growth Stock Conference on June 3, 2026.
CEO John M. Holmes is scheduled to present at 1:20 p.m. CT, followed by an investor breakout session at 2:00 p.m. CT.
CFO Dylan Wolin and Holmes will also hold one-on-one and group investor meetings throughout the event, with presentation materials available on the company's website.
• 4mo ago AI analysis › News
Why AAR (AIR) is a Top Momentum Stock for the Long-Term
zacks.com • 4mo ago News
ATRO vs. AIR: Which Aerospace Services Stock Offers Better Potential?
zacks.com • 4mo ago News
Is AAR (AIR) a Solid Growth Stock? 3 Reasons to Think "Yes"
zacks.com • 4mo ago News
Is AAR (AIR) Outperforming Other Aerospace Stocks This Year?
zacks.com • 4mo ago News
Is AAR Corp (AIR) Overvalued After 6.6% Rally? GF Value Says Overvalued
gurufocus.com • 5mo ago News
Why Kevin Mahn Created "AIR 7:" NVDA, GOOGL, MU & TSM Included
youtube.com • 5mo ago News
AAR Corp. (AIR) Analyst/Investor Day Transcript
seekingalpha.com • 5mo ago Press Release ● Critical
AIR, the Global Leader in Flavored Shisha Molasses, Completes Business Combination and will Begin Trading on Nasdaq Stock Market
businesswire.com • 5mo ago News
Here's Why AAR (AIR) is a Strong Growth Stock
zacks.com • 5mo ago Press Release
NYSE Content Update: Disney CEO Josh D'Amaro Rings Bell Ahead of Upfront Event
AAR Corp will ring the NYSE closing bell to celebrate its 45th anniversary of listing and the company's 70th year since founding.
The NYSE pre-market update also covered Disney's opening bell for its Upfront event and general market commentary following the April CPI release.
• 5mo ago AI analysis › Press Release
AAR hosts 2026 Investor Day and provides updates on long-term strategy and three-year financial framework
prnewswire.com • 5mo ago Press Release
AIR Announces Plans to Open New Manufacturing Facility in Romania
businesswire.com • 5mo ago Press Release ⚠ 2
AAR announces segment realignment and wind-down of Commercial Programs business
AAR announced a segment realignment effective for the fourth quarter of fiscal 2026, introducing a four-segment reporting structure that isolates the Legacy Commercial Programs business.
The company intends to wind down the Legacy Commercial Programs segment, which generated $252.4 million in sales over the last twelve months but required significant asset holdings that no longer meet capital return thresholds.
Management expects the wind-down process to take three to four years, aiming to simplify the business model and improve returns on capital while redeploying talent to growth initiatives.
• 5mo ago AI analysis › News
Alger Weatherbie Specialized Growth Fund Q1 2026 Top Performers And Detractors
seekingalpha.com • 5mo ago Press Release ● Critical
AAR completes acquisition of Aircraft Reconfig Technologies
prnewswire.com • 6mo ago News
Why Is AAR (AIR) Down 5.9% Since Last Earnings Report?
zacks.com • 6mo ago Press Release ● Critical
AIR and Cantor Equity Partners III Announce Effectiveness of F-4 Registration Statement Ahead of Planned Merger and Nasdaq Listing
businesswire.com • 6mo ago Press Release
AAR and Woodward sign multi-year commercial distribution agreement
prnewswire.com • 6mo ago Press Release
AAR launches Airvoyant℠, an AI-driven procurement platform for airlines and MROs
prnewswire.com • 6mo ago 4 fund position changes (13F filings)Recent SEC filings with analysis