July 14, 2006
Patrick J. Kelly Elected to AAR CORP. Board of Directors
WOOD DALE, Ill., /PRNewswire-FirstCall/ -- AAR CORP. (NYSE: AIR) announced that its Board of Directors has elected Patrick J. Kelly as a Director of the Company for a three-year term.
Kelly, 51, currently serves as Chief Executive Officer of Resource One, an Oak Brook, Illinois based provider of computer programming services and as Managing Director of KMK & Associates, a private equity firm with interests in companies operating in the distribution, technology, real estate and financial services industries.
"Patrick's business and entrepreneurial skills and experience in building and managing a diverse group of companies, will serve us well as we position the business for future growth," said David P. Storch, Chairman, President and Chief Executive Officer of AAR CORP. "We welcome him to our Board and look forward to his participation and contributions."
AAR is a leading provider of products and value-added services to the worldwide aviation/aerospace industry. With facilities and sales locations around the world, AAR uses its close-to-the-customer business model to serve airline and defense customers through four operating segments: Aviation Supply Chain; Maintenance, Repair and Overhaul; Structures and Systems and Aircraft Sales and Leasing.
SOURCE AAR CORP.
CONTACT: Chris Mason, Director, Corporate Communications of AAR CORP., +1-630-227-2062, chris.mason@aarcorp.com
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- 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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