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Press release

September 24, 2002

AAR To Announce First Quarter 2003 Results On September 26

WOOD DALE, Ill., /PRNewswire-FirstCall via COMTEX/ -- AAR (NYSE: AIR) today announced that it will release financial results for its first quarter of Fiscal 2003 ended August 31, 2002, before the market opens on Thursday, September 26.

At 10:30 a.m. CST, AAR will hold a conference call to discuss the results. The conference call can be accessed via dial-in (1-719-457-2661; conference code 627050). A replay of the call will be available (1-719-457-0820; conference code 627050) from approximately 1 p.m. CST on September 26 until Midnight, on Wednesday, October 2, 2002.

AAR (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. Further information can be found at www.aarcorp.com.

SOURCE AAR CORP.


CONTACT: Dawn Kaiser, Director, Finance and Investor Relations of AAR, +1-630-227-2098, dkaiser@aarcorp.com

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