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Press release

July 08, 2013

AAR Selected by GE Aviation to Upgrade Main Landing Gear Door Actuator

Aerospace leader will be designated service center for worldwide Airbus single aisle retrofit program

MIAMI – AAR CORP. (NYSE: AIR) has been selected by GE Aviation as an Authorized Service Center to retrofit the main landing gear door actuators on A318, A319, A320, and A321 aircraft with improved hydraulic actuators.

AAR will handle the work at its Landing Gear Services MRO facility in Miami. That 128,000-square-foot site added tooling capabilities and manpower to ensure that it could meet the requirements of GE’s program, which includes a 10-day turnaround time, and the needs of A320 customers. AAR had to go through a rigorous selection process, more than a year in the making that included on-site visits by GE and demonstrations of its tooling capabilities.

“The fact that we were selected by GE as a servicer for this important program speaks to the professionalism of our shop and our stellar reputation as an MRO in the aerospace industry,” said Pastor Lopez, Vice President, Aircraft Components and Landing Gear Services. “Our ability to handle a high capacity of units and perform all the work in-house was also a major plus.”

AAR will work chiefly with airlines in North, Central, and South America on upgrading the landing gear door actuators on their A320s, but Lopez said the company could wind up servicing customers based in Africa and Asia, as well. “Since it’s a small part, not the whole landing gear, it’s easy for them to ship it to us,” he said.

About AAR

AAR is a global aftermarket solutions company that employs more than 6,000 people in over 20 countries. Based in Wood Dale, Illinois, AAR supports commercial aviation and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; engineering services and component repair. AAR’s Expeditionary Services include airlift operations; mobility systems; and command and control centers in support of military and humanitarian missions. More information can be found at www.aarcorp.com.

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Media Team
Corporate Marketing & Communications
+1-630-227-5100
Editor@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 Form 10-K for the fiscal year ended May 31, 2018. 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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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.

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