AAR Corp.

AAR signs multi-year radome repair agreement with Airbus Avionics

AAR CORP. signed a multi-year agreement with Airbus Avionics covering the complete portfolio of Airbus radome repairs. The deal makes AAR an Airbus-approved repair station in Asia-Pacific (excluding China) for radomes on Airbus commercial aircraft, extending its existing proprietary repair capabilities for structures and components such as sharklets, elevators, rudders, and slats. Management framed the agreement as a meaningful expansion of OEM-approved repair offerings, strengthening AAR's single-source position across the region; no financial terms were disclosed.

•1h ago

AAR increases size and extends maturity of revolving credit facility

AAR CORP. amended its unsecured revolving credit facility, increasing total commitments from $825 million to $1.375 billion and extending maturity from December 2027 to October 2031. The larger facility supports financing of AAR's previously announced pending acquisition of a controlling interest in MRO Holdings, with 100% of the prior bank group increasing commitments and two new banks joining. Wells Fargo served as left lead arranger and administrative agent; full details were filed on Form 8-K.

•14d ago

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.

•1mo ago

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.

•1mo ago

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.

•1mo ago

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.

•2mo ago

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.

•2mo ago

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