AAR welcomes new team members, unveils reimagined purpose and mission statements

Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, welcomed its new Component Services team members and unveiled new purpose and mission statements to guide the Company into the future.

Earlier today, the Company held a global fireside chat, where John M. Holmes, AAR’s Chairman, President and CEO, introduced team members to the Company’s new Senior Vice President of Component Services, Jim Berberet, who joined AAR on March 1 as part of AAR’s acquisition of Triumph Group’s Product Support business. Berberet shared insight into the history and culture of the teams at the five newly acquired Component Services locations while the global AAR team enthusiastically welcomed their newest counterparts.

“As I introduced the broader AAR team to more than 700 new employees from the acquisition, it became even clearer to me that we all share the same values. We already feel like one cohesive team,” said Berberet.

Immediately following the fireside chat, the Company unveiled its new purpose and mission statements. The statements, created by a cross-functional team, reflect the Company’s reason for being and approach to achieving its objectives. The reimagined purpose and mission complement AAR’s existing values, commitment to Doing It Right®, and vision and diversity statements. They read:

Our purpose: Empowering people to build innovative aerospace solutions today so you can safely reach your destination tomorrow.

Our mission: Go above and beyond to provide value-driven aerospace aftermarket solutions to meet the evolving needs of our customers worldwide.

“Reimagining AAR’s purpose and mission statements helps crystalize the significance of our work. The statements connect our team members to a higher purpose, help our customers understand how we make an impact, and more deeply connect us to the Company,” explained Tracey Patterson, AAR’s Chief Human Resources Officer. “Our purpose-driven culture makes AAR the place of choice to build an inspiring career.” 

For more information on a building a rewarding career with AAR, visit https://www.aarcorp.com/en/careers/.

About AAR
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 four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. Additional information can be found at aarcorp.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 which reflect management’s expectations about future conditions, including activities related to the Company’s mission, purpose, values and objectives. 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. For a discussion of these and other risks and uncertainties, refer to “Risk Factors” in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. 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.

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