Profile: AAR Corp (AIR)

AIR on New York Consolidated

25.63USD
30 Oct 2014
Price Change (% chg)

$0.20 (+0.79%)
Prev Close
$25.43
Open
$25.36
Day's High
$25.66
Day's Low
$25.17
Volume
230,914
Avg. Vol
262,897
52-wk High
$31.55
52-wk Low
$22.37

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AAR CORP., incorporated on April 11, 1966, is a diversified provider of products and services to the worldwide commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services, which consists primarily of business activities 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 Airlift Group, Inc. and AAR International, Inc., and Technology Products, which consists primarily of business activities conducted through AAR Manufacturing, Inc. and AAR International, Inc. In August 2014, the Company announced that Mobility Systems business has acquired assets of Cool Containers, manufacturer of temperature-controlled containers used to transport climate-sensitive pharmaceuticals and biological cargo.

The Company’s products services include aviation supply chain and parts support programs; maintenance, repair and overhaul of aircraft and landing gear; design and manufacture of specialized mobility and cargo systems and composite and other precision machined structures; expeditionary airlift services, and aircraft modifications and aircraft and engine sales and leasing. It serves commercial, defense and governmental aircraft fleet operators, original equipment manufacturers, and independent service providers around the world, and various other domestic and foreign military customers.

Aviation Services

The Aviation Services segment provides aftermarket support and services for the commercial aviation and government and defense markets. In this segment, the Company provides inventory management and distribution services, overhaul, repair and engineering services, and expeditionary airlift services. It sells and leases a variety of overhauled and repaired engine and airframe parts and components to its commercial and defense customers. It is also an authorized distributor for more than 80 aviation product manufacturers.

The Company provide 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 provides 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. It also repairs and overhauls landing gears, wheels, and brakes for commercial and military aircraft.

The Company operates five airframe maintenance facilities and one landing gear overhaul facility. Its airframe maintenance facilities are in Indianapolis, Indiana; Oklahoma City, Oklahoma; Duluth, Minnesota; and Miami, Florida and a regional aircraft maintenance facility in Hot Springs, Arkansas. Its landing gear overhaul facility is in Miami, Florida, where it repair and overhaul 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 airlift services provide fixed- and rotary-wing flight operations, transporting personnel and cargo principally in support of the United States Department of Defense. It operates a fleet of customized fixed- and rotary-wing aircraft, principally in Afghanistan, Northern Africa and Western Pacific regions. It holds FAR Part 133 and 135 certificates to operate aircraft and a FAR Part 145 certificate to operate a repair station. It is also Commercial Aircraft Review Board certified with the United States Department of Defense. Activities in its 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.

Technology Products

Activities in the Company’s Technology Products segment include the design, manufacture, and repair of airdrop and other transportation pallets, and a wide variety of containers and shelters used in support of military and humanitarian tactical deployment activities. The containers and shelters are used in numerous mission requirements, including armories, supply and parts storage, refrigeration systems, tactical operation centers, briefing rooms, laundry and kitchen facilities, water treatment, and sleeping quarters. It also design and manufacture transportation pallets and a wide variety of containers used in commercial airlines.

In this segment, the Company design, manufacture, and install in-plane cargo loading and handling systems for commercial aircraft, military aircraft, and helicopters. It is a provider of complex machined and fabricated parts, components, and sub-systems for various aerospace and defense programs and other applications. The Company design and manufacture advanced composite materials for commercial, business, and military aircraft. It provides engineering, design, and system integration services for specialized command and control systems. Sales in this segment are made to customers pursuant to standard commercial purchase orders and contracts. It purchases raw materials for this business, including steel, titanium, aluminum, extrusions and castings, and other necessary supplies, from several vendors.

Company Address

AAR Corp

1100 N Wood Dale Rd
WOOD DALE   IL   60191
P: +1630.2272000
F: +1630.2272039

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