March 05, 2001
Joseph M. Gullion Joins AAR as Vice President of Strategic Planning & Acquisitions
WOOD DALE, Ill., /PRNewswire/ -- AAR (NYSE: AIR) announced today that Joseph M. Gullion, formerly president of Boeing Airplane Services, has joined AAR as vice president of strategic planning and acquisitions. In his new role, Gullion is responsible for identifying and developing new business ideas and strategic opportunities for the Company.
"We are delighted to have Joe join our leadership team," said David P. Storch, AAR president and chief executive officer. "His extensive experience and industry knowledge will allow him to identify and seize opportunities for the Company."
Gullion, 51, has over 30 years experience in the aviation industry, most recently as president of Boeing Airplane Services, a division of The Boeing Company. Previously he served as vice president of Global Sales, Marketing and New Business Development for AlliedSignal Aerospace.
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: Investor Relations, Dawn Kaiser of, 630-227-2098, or dkaiser@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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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.
