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Press release

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. 

This prestigious award is presented by TIME and Statista Inc., the leading statistics portal and industry ranking provider. The list of the top 500 mid-size companies can be viewed on TIME’s website.

America's Best Mid-Size Companies 2024 were identified based on three dimensions – employee satisfaction, revenue growth, and sustainability transparency – and more than 15 different evaluation criteria. The project scope considered all companies that operate in the United States and generated at least $100 million in revenue but less than $10 billion in 2022 or 2023. 

“Our team members are AAR’s greatest asset, and by fostering a positive company culture we are able to effectively grow our business and model strong corporate citizenship,” says John M. Holmes, AAR’s Chairman, President and CEO. “Recognition as one of America’s Best Mid-Size Companies by TIME is both an honor and a testament to our strengths.”

For more information on a career with AAR, visit https://www.aarcorp.com/en/careers/

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 four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. Additional information can be found at aarcorp.com.

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AAR announces public offering of 3,000,000 shares of common stock

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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September 30, 2025

AAR announces pricing of public offering of 3,000,000 shares of common stock

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.

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