May 23, 2001
AAR Awarded Contract With U.S. Navy For E-6 Tacamo Program
WOOD DALE, Ill., /PRNewswire/ -- AAR (NYSE: AIR) announced today that it was part of a successful bid by L-3 Communications' Link Simulation and Training division to provide services to the U.S. Navy. As a subcontractor to Link, AAR will provide a total solution program by leasing and maintaining two Boeing 737 aircraft for in-flight training of Navy crews for the E-6 TACAMO program.
"Under the contract, AAR will provide the aircraft on a lease basis as well as provide an aircraft maintenance program tailored to the Navy's requirements," said Joe Gullion, AAR vice president of strategy. "The program includes all scheduled and unscheduled maintenance, total parts support and warehousing, and daily launch and recovery of the aircraft to and from their training missions."
The support program will be coordinated out of the AAR Aircraft Services facility in Oklahoma City. AAR has been providing this type of program support for both the U.S. Navy and U.S. Air Force since 1993.
"We are very pleased that AAR has been selected to continue providing 'total solution' support programs for these important training operations," said David P. Storch, AAR president and chief executive officer. "We believe our past performance with the U.S. Navy and our breadth of aviation support services capabilities were significant factors in the Navy's decision."
The Navy's E-6 aircraft is the airborne portion of the TACAMO (take charge and move out) Communications System. The aircraft provides strategic support and communication links between the fleet and the National Command Authority (NCA). Based out of Tinker Air Force Base in Oklahoma, TACAMO fliers deploy worldwide to meet the needs of forward deployed commanders.
AAR is the preeminent provider of products and value-added services to the worldwide aerospace/aviation industry. Products and services include proprietary inventory management and logistic support services, encompassing supply, repair and manufacture of spare parts and systems. Headquartered in Wood Dale, Illinois, AAR serves commercial and government aircraft fleet operators and independent service customers throughout the world. Further information can be found at www.aarcorp.com.
SOURCE AAR CORP.
CONTACT: Dawn Kaiser, Investor Relations of AAR Corp., 630-227-2098, dkaiser@aarcorp.com
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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.
