AAR CEO David P. Storch Receives Award from Perspectives Charter Schools in Chicago
May 4, 2018
Honored for a partnership that includes career mentoring program
WOOD DALE, Illinois, May 4, 2018 — David P. Storch, Chairman and Chief Executive Officer of AAR Corp., was honored with the “A Disciplined Life” award from Perspectives Charter Schools in Chicago at the network’s annual fundraising gala on May 3 at the Ritz Carlton in downtown Chicago.
Storch and AAR have donated and helped raise hundreds of thousands of dollars to fund Perspectives’ three campuses. Storch spearheaded the ongoing Mentorship Program in 2015 that brings students to AAR headquarters near O’Hare one day a week each fall to learn about aviation careers and help them hone the professional skills needed to be successful in the job market. Storch has also participated in and promoted the Perspectives student–led Peace March on Chicago’s South Side, rallying communities to promote a peaceful summer and an end to gun violence.
With this award, PCS recognizes Storch as an individual who demonstrates an exceptional commitment to ethical leadership and exemplifies the 26 principles of A Disciplined Life® that guide the network’s curricula and environment.
“I have been profoundly impacted by my involvement with Perspectives Charter Schools and am humbled to receive this award,” said Storch, Chairman & CEO of AAR, a global provider of aviation services to airlines and the government.
“Throughout my career, I have tried to make a difference for the communities where AAR operates, and I am happy to support Perspectives’ mission of providing a rigorous and relevant education that produces engaged citizens who want to make the world a better place.”
Storch has served 39 years with Wood Dale–based AAR, the past 26 as CEO. Earlier this year, he announced that he will retire effective May 31. Despite the company’s global reach, Storch cultivated close ties to the Chicago area and, leading by example, encouraged AAR’s employees to give back to their communities as part of the company’s purpose of Doing It Right. In addition to STEM education, AAR’s support of non-profits also focuses on veterans and health and wellness.
Storch was also featured in the documentary film “I Am for Peace” (New Chapter Entertainment), an examination of the A Disciplined Life® curriculum with footage from the Peace March.
About Perspectives Charter Schools
Perspectives Charter Schools provide students with a rigorous and relevant education, based on the ethical principles of “A Disciplined Life®,” preparing them for life in a changing world and helping them further become intellectually reflective, caring and ethically engaged citizens. Perspectives was launched in 1997 by two Chicago Public School teachers who believed that character development and academic achievement are interrelated. Today, they serve nearly 1,800 students in grades six through twelve at five open-enrollment, tuition-free public schools.
Watch the video shown at the event!
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair and Overhaul (MRO) Services. AAR’s Expeditionary Services include Mobility Systems operations. Additional information can be found at www.aarcorp.com.
Media contact: Daniela Pietsch, Vice President Corporate Marketing & Communications, at firstname.lastname@example.org or +1 630-227-5100.
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, including, but not limited to,statements regarding the agreement to establish The Module Factory,AAR’s estimate that it will manage the teardown, repair, marketing and sales of spare parts of FTAI’s CFM56 engine pool totaling over 200 engines and growing, AAR’s ability to leverage its extensive USM capabilities to offer CFM56 serviceable engine material to the global commercial aviation aftermarket, that the partnership positions AAR well to service the growing demand for USM on a leading engine platform as customers increasingly prioritize more cost-efficient solutions, and the belief that serviceable engine products, combined with FTAI’s proprietary products and partnerships, completes its unique suite of CFM56 aftermarket offerings aimed at delivering the lowest cost per cycle solution to airline customers. Forward-looking statements may also be identified because they contain words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘continue,’’ ‘‘could,’’ ‘‘estimate,’’ ‘‘expect,’’ ‘‘intend,’’ ‘‘likely,’’ ‘‘may,’’ ‘‘might,’’ ‘‘plan,’’ ‘‘potential,’’ ‘‘predict,’’ ‘‘project,’’ ‘‘seek,’’ ‘‘should,’’ ‘‘target,’’ ‘‘will,’’ ‘‘would,’’ or similar expressions and the negatives of those terms. 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.