AAR signs distribution agreement with Cloud Cap Technology, a Collins Aerospace Mission Systems business
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced a distribution agreement with Cloud Cap Technology, a Collins Aerospace Mission Systems business.
This agreement expands AAR’s presence in the Unmanned Aerial System (UAS) market, building on AAR’s civil and government relationships as well as its proven supply chain and sales support processes. AAR will stock, promote, and sell the TASE and Piccolo imaging payload and flight management systems used by manned and unmanned airborne applications to support Intelligence, Surveillance, and Reconnaissance (ISR) missions. Customers are expected to include UAS manufacturers, airframers, as well as civil and government operators.
“We look forward to working with AAR to grow our global reach for TASE and Piccolo,” said Guy Bowie, General Manager for TASE and Piccolo at Collins. “The AAR team brings an increased capability that will serve our customers well.”
“Cloud Cap is the field-tested market leader with the TASE and Piccolo systems,” said Darren Spiegel, Vice President and General Manager at AAR. “AAR is excited to broaden our reach in the UAS market with products that are integral and adaptable to a wide range of surveillance and tactical missions.”
For more information on AAR’s OEM Solutions, visit aarcorp.com.
About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair, and Overhaul (MRO) Services. AAR’s Expeditionary Services include Mobility Systems operations. Additional information can be found at aarcorp.com.
About Collins Aerospace
Collins Aerospace is a business of Raytheon Technologies, the largest aerospace and defense company in the world. Our global team of 73,000 employees dreams, designs and delivers smarter, more connected solutions for passenger safety and comfort, mission success, space exploration, and operational efficiency and sustainability. We make the most powerful concepts in aerospace a reality. For more information, visit CollinsAerospace.com.
Contact
Media Team
Corporate Marketing and Communications
+1-630-227-5100
Editor@aarcorp.com
Related news
See allJuly 24, 2024
AAR and Ontic expand relationship with multiple long-term distribution agreements
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed multiple long-term distribution agreements with Ontic that expand the companies’ existing defense and commercial partnerships and enhance service offerings for the U.S. government and worldwide commercial customers.
July 22, 2024
AAR awarded on TIME’s America’s Best Mid-Size Companies 2024 list
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has been awarded on TIME’s inaugural list of America’s Best Mid-Size Companies 2024.
July 18, 2024
AAR reports record fourth quarter and fiscal year 2024 results
Wood Dale, Illinois, July 18, 2024 — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today reported fourth quarter fiscal year 2024 consolidated sales of $656.5 million and income from continuing operations of $9.1 million, or $0.26 per diluted share. For the fourth quarter of the prior year, the Company reported sales of $553.3 million and income from continuing operations of $23.2 million, or $0.66 per diluted share. Our adjusted diluted earnings per share from continuing operations in the fourth quarter of fiscal year 2024 were $0.88, compared to $0.83 in the fourth quarter of the prior year.