Profile: AAR Corp (AIR)
17 Nov 2017
AAR CORP. (AAR), incorporated on April 11, 1966, is a provider of services and products to the commercial aviation and government and defense markets. The Company operates through two segments: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities. The Company's services and products include aviation supply chain and parts support programs; MRO of airframes, landing gear and certain other airframe components; design and manufacture of specialized pallets, shelters and containers; expeditionary airlift services, and aircraft modifications and aircraft and engine sales and leasing. The Company serves commercial, defense and governmental aircraft fleet operators, original equipment manufacturers (OEMs) and independent service providers around the world, and various other domestic and foreign military customers.
The Aviation Services segment provides aftermarket support and services for the commercial aviation, and government and defense markets. In the Aviation Services segment, the Company also provides inventory management and distribution services, MRO and engineering services. The Aviation Services segment's business activities are primarily conducted through its subsidiaries, which include AAR Supply Chain, Inc.; AAR Aircraft & Engine Sales & Leasing, Inc.; AAR Aircraft Services, Inc.; AAR Allen Services, Inc.; AAR Landing Gear LLC, and AAR International, Inc. The Company sells and leases a range of overhauled and repaired engine, and airframe parts and components to its commercial aviation and government/defense customers.
The Company provides 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 over 60 aviation product manufacturers. It also provides supply chain logistics programs in support of the United States 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 airframe inspection, MRO, 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. As of May 31, 2016, it operated five airframe maintenance facilities and a landing gear overhaul facility. Its landing gear overhaul facility is in Miami, Florida, where it repairs and overhauls landing gear, wheels, brakes and actuators for various types of commercial and military aircraft. Its airframe maintenance facilities are in Indianapolis, Indiana; Oklahoma City, Oklahoma; Duluth, Minnesota; Miami, Florida, and Lake Charles, Louisiana.
The Aviation Services segment's activities also include the sale and lease of used commercial aircraft. As of May 31, 2016, the Company's remaining portfolio consisted of three aircraft owned through joint ventures. 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 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 OEMs.
The Expeditionary Services 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 the Expeditionary Services segment are primarily conducted through AAR Airlift Group, Inc.; AAR Manufacturing, Inc. and Brown International Corporation (a subsidiary of AAR Manufacturing, Inc.).
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. These operations include search and rescue operations and transporting personnel and cargo principally in support of the DoD. It operates and maintains a fleet of special mission customized fixed- and rotary-wing aircraft, principally in Afghanistan, Falkland Islands, 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.
The Company designs, manufactures and repairs transportation pallets, and a range of containers and shelters used in support of military and humanitarian tactical deployment activities. The containers and shelters are used in various mission requirements, including armories, supply and parts storage, refrigeration systems, tactical operation centers, briefing rooms, laundry and kitchen facilities, water treatment and sleeping quarters. Shelters include both stationary and vehicle-mounted applications. The Company also provides engineering, design and system integration services for specialized command and control systems.
1100 N Wood Dale Rd
WOOD DALE IL 60191-1060
Company Web Links
- BRIEF-AAR Corp - Court Of Federal Claims (COFC) entered judgment in favor of U.S. Government
- BRIEF-AAR and AAR Canada Holdings enter into credit agreement with Canadian Imperial Bank of Commerce
- BRIEF-AAR says expects to generate incremental revenues of about $30-40 mln/year upon implementation of agreements with Air Canada, acquisition of MRO facilities
- BRIEF-Air Canada, AAR sign 5-year MRO contract
- BRIEF-AAR reports Q1 earnings per share $0.31