AAR CORP. Chosen As One of Forbes’ ‘100 Most Trustworthy Companies In America’
March 24, 2014
Aerospace, defense contractor recognized for governance and accounting transparency
WOOD DALE, Illinois – AAR CORP. (NYSE: AIR) has been named among the “100 Most Trustworthy Companies in America” in the mid-cap category of public companies by Forbes magazine. AAR is the only aerospace and defense contractor to be recognized this year, based on a rigorous assessment of the Company’s accounting, management and corporate governance practices over the four quarters of the previous fiscal year.
The review was conducted for Forbes by GMI Ratings, an independent financial analytics firm that uses more than 60 factors to assess a company’s trustworthy behavior. The recognition places AAR in a rarified field of companies that have made the list more than once. AAR was previously recognized in 2010. Fewer than 5 percent of public companies ever make the list.
“AAR is committed to meeting the highest standards of accountability and transparency across all our business operations worldwide,” said AAR Chairman and CEO David P. Storch. “We work hard to keep our shareholders informed and are honored to be recognized for our efforts.”
AAR is a leading provider of products and services to the commercial aviation, government and defense sectors. The Company has earned industry distinctions for aircraft maintenance, supply chain management and wheels and brakes services for commercial airplanes.
AAR is a global aftermarket solutions company that employs more than 5,000 people in over 20 countries. Based in Wood Dale, Illinois, AAR supports commercial aviation and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; engineering services and component repair. AAR’s Expeditionary Services include airlift operations; mobility systems; and command and control centers in support of military and humanitarian missions. More information can be found at www.aarcorp.com.
Kathleen Cantillon at Kathleen.Cantillon@aarcorp.com | 630-227-2081 or email: email@example.com
This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, including those factors discussed under Item 1A, entitled “Risk Factors”, included in the Company’s Form 10-K for the fiscal year ended May 31, 2017. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond the Company’s control. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. For additional information, see the comments included in AAR’s filings with the Securities and Exchange Commission.