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Last $23.30 USD
Change Today -0.17 / -0.72%
Volume 71.0K
AIR On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 1:11 PM 09/4/15 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. and its subsidiaries provide products and services to the aviation and government and defense markets worldwide. Segments The company operates in two segments, Aviation Services and Expeditionary Services. Aviation Services This segment provides aftermarket support and services for the commercial aviation and government and defense markets. This segment also provides inventory management and distribution services; maintenance, repair and overhaul; and engineering services. Business activities in this segment are primarily conducted through AAR Parts Trading, Inc.; AAR Aircraft & Engine Sales & Leasing, Inc.; AAR Aircraft Services, Inc.; AAR Allen Services, Inc. (a wholly-owned subsidiary of AAR Parts Trading, Inc.); AAR Landing Gear LLC; and AAR International, Inc. The company sells and leases various new, overhauled and repaired engine and airframe parts and components to its commercial aviation and government/defense customers. 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 and government 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 is also an authorized distributor for approximately 60 major aviation product manufacturers. 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 various types of commercial and military aircraft. The company also repairs and overhauls landing gears, wheels, and brakes for commercial and military aircraft. Activities in this 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, 2015, the company’s portfolio consisted of three aircraft owned through joint ventures. To support activities within this 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 the company access to parts, repair manuals, and service bulletins in support of parts manufactured by them. The company purchases engines for disassembly into individual parts and components. Expeditionary Services This segment consists of businesses that provide products and services supporting the movement of equipment and personnel by the DoD, foreign governments, and non-governmental organizations. Business activities in this segment are primarily conducted through AAR Airlift Group, Inc.; AAR Manufacturing, Inc.; and Brown International Corporation (a wholly-owned subsidiary of AAR Manufacturing, Inc.). The company provides expeditionary airlift services to the United States and other government customers. The company’s expeditionary airlift services provide fixed- and rotary-wing flight operations, transporting personnel and cargo principally in support of the DoD. The company operates and maintains a fleet of special mission customized fixed- and rotary-wing aircraft, principally in Afghanistan, Iraq, 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 Airlift Review

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