April 17, 2017
AAR Ranked No. 1 in Aircraft Component Services by NATO - 2017
AMSTERDAM, Netherlands, April 17, 2017 — AAR’s (NYSE: AIR) Aircraft Component Repair facility in Amsterdam has been named “Outstanding Source of Repair” and ranked No. 1 among all Component Source of Repair (SOR) facilities for 2016 by the NATO Support and Procurement Agency (NSPA) and the International Aerospace Management Company (IAMCO), which manages maintenance work for the North Atlantic Treaty Organization. AAR has received this prestigious recognition three times since 2005.
AAR Aircraft Component Repair in Amsterdam was cited for its superior product quality, timely delivery, quality assurance services and component support on the NATO AWACS fleet. The facility services rotable components at a state-of-the-art facility equipped to repair, overhaul and maintain more than 22,000 aircraft parts.
“We strive for excellence every day and having our component and repair services repeatedly recognized by NATO validates our efforts and inspires our team toward continuous improvement,” said Eric Bron, General Manager, AAR Aircraft Repair, Amsterdam.
In addition to this latest honor, AAR has repeatedly ranked high in various independent surveys of customers and industry professionals, earning recognition in three key areas: on-time delivery, quality of service and contract administration.
About NSPA
As the North Atlantic Treaty Organization’s principal support agency, NSPA assists NATO nations by organizing common procurement and supply of spare parts, as well as by arranging maintenance and repair services necessary for the support of various weapon systems in their inventories.
About IAMCO
IAMCO is a multinational joint venture company founded in 1991. As an industrial prime contractor, IAMCO is responsible for management of collaborative efforts in depot-level maintenance of NATO’s E-3A airborne early warning and control (AWACS) fleet, including the maintenance of engines and aircraft components.
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.
Media contact: Daniela Pietsch, Vice President Corporate Marketing & Communications, at editor@aarcorp.com or +1 630-227-5100.
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 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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AAR acquires leading parts distributor ADI American Distributors
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.
