February 08, 2010
AAR CORP. to Present at Cowen and Company Aerospace and Defense Conference on February 10, 2010
WOOD DALE, Ill., /PRNewswire via COMTEX/ -- AAR CORP. (NYSE: AIR) announced today that the Company's Chairman and Chief Executive Officer, David P. Storch, will present at the Cowen and Company 31st Annual Aerospace/Defense Conference in New York on Wednesday, February 10, 2010 from 9:40 a.m. to 10:20 a.m. Eastern Time.
Listeners can access the audio live over the Internet at www.aarcorp.com/investors/. The webcast will be archived and available for replay for 14 days.
AAR is a leading provider of products and value-added services to the worldwide aerospace and defense industry. With facilities and sales locations around the world, AAR uses its close-to-the- customer business model to serve aviation and defense customers through its operating segments: Aviation Supply Chain; Maintenance, Repair and Overhaul; and Structures and Systems. More information can be found at www.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. 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, including those factors discussed under Item 1A, entitled "Risk Factors", included in the Company's May 31, 2009 Form 10-K. 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. For additional information, see the comments included in AAR's filings with the Securities and Exchange Commission.
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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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