October 14, 1999
AAR Board of Directors Increases Share Repurchase Plan Authorization
WOOD DALE, Ill., /PRNewswire/ -- AAR CORP. (NYSE: AIR) announced today that its Board of Directors increased its existing stock repurchase program authorization by an additional 1.5 million shares. This action, taken at the Board's regularly scheduled meeting on October 13, 1999, brought the outstanding authorization under the program to 1.7 million shares. The Company, which had 27,401,250 shares outstanding at August 31, 1999, has repurchased over 1 million shares under the program since 1990.
"AAR has purchased and will continue to purchase shares from time to time when we believe it represents a good value for the Company," said David P. Storch, AAR President and CEO. "The increase in our repurchase authorization allows us to continue our efforts to enhance shareholder value in the Company's stock."
AAR CORP. (NYSE: AIR) is the preeminent provider of products and value-added services to the worldwide aerospace/aviation industry. Products and services include proprietary inventory management and logistic support services, encompassing supply, repair and manufacture of spare parts and systems. Headquartered in Wood Dale, Illinois, AAR serves commercial and government aircraft fleet operators and independent service customers throughout the world.
SOURCE AAR Corp.
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Wood Dale, Illinois — AAR CORP. (NYSE: AIR), the leading parts, repair, and software platform in the aviation aftermarket, today announced that it has amended its revolving credit facility, increasing total commitments to $1.375 billion, an increase of $550 million from the previous commitment of $825 million, and extending the maturity from December 2027 to October 2031.
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AAR accelerates its aftermarket platform strategy by agreeing to acquire a controlling interest in MRO Holdings
- Acquisition significantly enhances AAR’s scale, margins, and cash flow profile
- Adds more than $1 billion in revenue supporting blue-chip, U.S. airline customers
- Expands AAR’s consolidated adjusted EBITDA margins[1] from approximately 12% to 16%, before synergies
- Expected to be accretive to adjusted EPS in the first full fiscal year post closing
- Updating AAR’s adjusted EBITDA margin target to approximately 19% to 20% within three to four years
WOOD DALE, Illinois — AAR CORP. (NYSE: AIR) (the “Company” or “AAR”), a leading Parts, Repair, and Software platform in the aviation aftermarket, today announced it has entered into a definitive agreement to acquire a 65% controlling interest in MRO Holdings at an implied enterprise value of $4.0 billion.
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AAR reports first quarter fiscal year 2027 results
Wood Dale, Illinois, September 28, 2026 — AAR CORP. (NYSE: AIR) (the “Company” or “AAR”), a leading parts, repair, and software platform in the aviation aftermarket, reported today financial results for the fiscal year 2027 first quarter ended August 31, 2026.
