December 07, 1998
AAR Believes Recent Stock Activity Unrelated To Fundamental Performance, Outlook
WOOD DALE, ILLINOIS -- AAR CORP.President and Chief Executive officer David P. Storch said today that AAR believes recent activity in the Company's share price and volume is not reflective of the fundamental performance and outlook of the Company.
"AAR's fundamental performance and outlook remain solid," Storch said. "Management believes that last week's activity in our stock is related to Boeing Aircraft's recently announced difficulties. Management would like to reiterate that as a customer, Boeing accounts for less than one percent of AAR's business. In addition, as previously noted, AAR derives less than three percent of revenues from the depressed Asian market which Boeing cited as a cause of some of its problems." Storch went on to say, "Typically, a reduction in the delivery of new aircraft creates greater demand for support services for the existing world fleet."
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AAR CORP., traded NYSE (AIR), and headquartered in Wood Dale, Illinois, is a leading supplier of aerospace/aviation products and services. The Company primarily supplies parts and equipment, performs technical services and manufactures proprietary products for the global aviation industry.
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Wood Dale, Illinois — AAR CORP. (“AAR” or the “Company”) (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that it has commenced an underwritten registered public offering of 3,000,000 shares of its common stock. In addition, the Company intends to grant the underwriters a 30-day option to purchase up to an additional 450,000 shares of the Company’s common stock at the public offering price, less underwriting discounts and commissions.
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Wood Dale, Illinois – AAR CORP. (“AAR” or the “Company”) (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today the pricing of an underwritten registered public offering of 3,000,000 shares of its common stock at a public offering price of $83.00 per share. The underwriters have a 30-day option to purchase up to an additional 450,000 shares from the Company at the public offering price. The Company estimates that the net proceeds from the offering, after deducting the underwriting discounts and commissions, will be approximately $239.0 million, or $274.9 million if the underwriters exercise their option to purchase additional shares in full. The shares are expected to be delivered on or about October 2, 2025, subject to customary closing conditions.
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Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today it has acquired American Distributors Holding Co., LLC (ADI), a leading distributor of components and assemblies, for $146 million in an all cash transaction funded using the Company’s existing revolving credit facility. The acquisition immediately expands AAR’s new parts Distribution with new additional product lines and extensive OEM relationships. The business will become part of AAR’s Parts Supply segment.
