AAR Retains Strategic Business Development Consulting Services of Grant Park Global
Source: Grant Park Global, 08-May-13
Grant Park Global announced today that AAR, a global aerospace and defense contractor that employs more than 6,000 people in 17 countries, has retained the strategic business development consulting services of Mike Axelrod to assist the firm in Latin America, with an emphasis on Mexico and Colombia. Grant Park Global’s engagement focus will support AAR’s [...]
AAR completes add-on offering of 7.25% Senior Notes due 2022
Source: AAR CORP, 16-Apr-13
AAR CORP. (NYSE: AIR) announced today that it has completed its previously announced add-on offering of $150,000,000 aggregate principal amount of its 7.25% Senior Notes due 2022 (the “Notes”) in a private placement to eligible purchasers. The Notes were sold at a price equal to 107.5% of the principal amount thereof, for a yield to [...]
AAR proposes $125M Add-on Offering of 7.25% Senior Notes due 2022
Source: AAR Corp, 11-Apr-13
AAR CORP. (NYSE: AIR) announced today that it intends to commence an add-on offering of $125,000,000 aggregate principal amount of its 7.25% Senior Notes due 2022 (the “Notes”) in a private placement to eligible purchasers. The Notes will be senior unsecured obligations of AAR CORP. (the “Company”) and will be guaranteed by substantially all of [...]
AAR Showcases its Rotorcraft Products and Services at Heli-Expo
Source: AAR, 05-Mar-13
AAR (NYSE: AIR) is showcasing its diverse products, services and capabilities for helicopter manufacturers and operators at the Heli-Expo, 2013 trade show March 4-7 in Las Vegas. Widely recognized for its support of fixed-wing aircraft, AAR is focusing on the rotary-wing market during Heli-Expo, the world’s largest helicopter trade show and exposition. AAR’s exhibition showcases [...]
AAR reports Fiscal 2013 Q2 results
Source: AAR, 19-Dec-12
AAR (NYSE: AIR) today reported second quarter fiscal year 2013 consolidated sales of $512.8 million and net income of $17.8 million, or $0.44 per diluted share. This compares to year-ago sales of $482.0 million and net income of $17.6 million, or $0.43 per diluted share. Commercial sales increased 28% over the prior year’s second quarter, rising to 60% of consolidated sales compared to 50% of consolidated [...]
AAR wins UH-60 parts contract
Source: AAR, 04-Dec-12
AAR (NYSE: AIR) has been awarded a contract by the U.S. Army Aviation and Missile Command (AMCOM) to provide parts and logistics services for U.S. Army Blackhawk helicopters. AAR’s Defense Systems and Logistics division will supply Hamilton Sundstrand parts for U.S. Army UH-60 Blackhawk helicopter Auxiliary Power Units (APUs). The contract has an initial one-year [...]
AAR awarded $143M more work in Afghanistan
Source: US DoD, 04-Dec-12
AAR Airlift Group Inc., Palm Bay, Fla., is being awarded a $143,668,332 option year modification for rotary wing aircraft, personnel, equipment, tools, material, maintenance and supervision necessary to perform passenger and cargo air transportation services. Work will be performed in Afghanistan, and the option will start Dec. 1, 2012, to be completed by Nov. 30, [...]
AAR wins third year extension for Afghanistan airlift support
Source: US DoD, 05-Nov-12
AAR (NYSE: AIR) announces the United States Transportation Command (USTRANSCOM) has exercised a renewal option for AAR Airlift to continue its airlift support in Afghanistan. The renewal is tied to one of several contracts AAR has with the U.S. Department of Defense to provide fixed and rotary wing airlift support in the region. The option [...]
FAA approves new S-92 composite interior from AAR
Source: AAR, 02-Nov-12
AAR has received FAA certification of its new and improved Off Shore Airliner (OSA) interior design for Sikorsky’s S-92® fleet of offshore utility aircraft. In addition to the composite interiors for the Sikorsky S-92 helicopter program, AAR also provides precision machining services for several hundred aircraft. AAR made the announcement from the National Business Aviation [...]
AAR selected to extend airlift support for US Military in Afghanistan
Source: AAR, 12-Jun-12
AAR announced today that the United States Transportation Command (USTRANSCOM) has exercised a renewal option for AAR to provide airlift support in Afghanistan through May 31 of 2013. The option has a value of $104 million and is part of a task order awarded to AAR in June 2010. The Company’s AAR Airlift operating unit will continue to support the requirement using [...]
AAR recognized as a South Florida business leader
Source: AAR, 20-Mar-12
AAR (NYSE: AIR) was recognized as “Corporate Business of the Year” from the Miami-Dade Chamber of Commerce for its presence in Miami and its public-private partnerships with the Chamber and a local nonprofit to mentor at-risk high school students and introduce them to exciting careers in aviation. AAR, a leading provider of products and services [...]
AAR Airlift reports accident in Afghanistan
Source: AAR, 16-Jan-12
AAR Airlift, an operating unit of Chicago based AAR CORP. (NYSE: AIR) reports that a helicopter carrying a crew of three employees was involved in an accident in Helmand Province, Afghanistan at approximately 10:45 a.m., local time, January 16, while conducting operations for the U.S. Department of Defense. The Company has confirmed that there were [...]
AAR Corp proposes $175M of Senior Unsecured Notes
Source: AAR, 11-Jan-12
AAR CORP. (NYSE: AIR) announced today that it intends to commence an offering of $175,000,000 in aggregate principal amount of senior unsecured notes due 2022 (the “Notes”) in a private placement to eligible purchasers. The Notes will be senior obligations of AAR CORP. (the “Company”) and will be guaranteed by the Company’s existing domestic subsidiaries. The Company intends [...]
AAR partners with Chicago colleges to fill skills gaps in aviation
Source: AAR, 21-Dec-11
AAR (NYSE: AIR) has been selected by Mayor Rahm Emanuel’s Office as aviation industry partner for a new education to careers engagement strategy between the City Colleges of Chicago and private business to prepare residents for jobs in high-growth sectors. AAR Chairman and CEO David P. Storch joined Mayor Emanuel for the announcement of the [...]
AAR selected to extend airlift support for US military
Source: AAR, 29-Nov-11
AAR (NYSE: AIR) announced today that the United States Transportation Command (USTRANSCOM) has exercised two renewal options for AAR to provide airlift support in Afghanistan through October of 2012. The first option has a value of $99 million and is part of a task order awarded to AAR in October, 2010. The second option has [...]
AAR awarded $99M more for Afghanistan work
Source: US DoD, 04-Nov-11
AAR Airlift Group, Inc., Palm Bay, Fla., is being awarded a $99,369,772 option year modification for rotary wing aircraft, personnel, equipment, tools, material, maintenance, and supervision necessary to perform passenger and cargo air transportation services. Work will be performed in Afghanistan, and the option will start Nov. 1, 2011, to be completed by Oct. 31, [...]
AAR significantly increases credit facility
Source: AAR, 14-Oct-11
AAR Corp announced today that it has amended its senior, unsecured credit agreement. The amendment increases the initial limit under the facility from $400 million to $580 million, and can be increased to $680 million under certain circumstances. All pricing terms under the agreement were left unchanged and certain covenants under the facility were modified to provide the Company greater [...]
AAR announces cash dividend
Source: AAR, 12-Oct-11
AAR CORP. (NYSE: AIR) announced today that its Board of Directors at its regularly scheduled meeting declared a quarterly cash dividend of $0.075 per share to its stockholders. The dividend will be paid on November 4, 2011, to stockholders of record as of the close of business on October 24, 2011. Future cash dividends will be subject to Board of [...]
AAR wins contract From Military Sealift Command
Source: AAR, 16-Sep-11
HeliHub.com editor note – we have already run the DoD official notice on 9th September – see Military Sealift Command awards AAR $76M vertrep contract – what follows is AAR’s press release AAR (NYSE: AIR) announced today that it has been awarded a contract from Military Sealift Command (MSC), to provide airlift support for U.S. Navy [...]
Military Sealift Command awards AAR $76M vertrep contract
Source: US DoD, 09-Sep-11
AAR Airlift Group, Inc., Palm Bay, Fla., is being awarded a $15,464,426 firm-fixed-price contract for ship-based and/or vertical replenishment services in support of Commander, U.S. Pacific Fleet. AAR Airlift Group, Inc., will provide helicopters, personnel, and operational and technical support services in the Western Pacific and Indian Oceans and the Arabian Gulf. This contract includes [...]
Presidential Airways wins $94M of Afghanistan transportation work
Source: US DoD, 05-Nov-10
Presidential Airways, Inc., an Aviation Worldwide Services Co., Camden, N.C., is being awarded a $94,367,844 option year modification for rotary wing aircraft, personnel, equipment, tools, material, maintenance and supervision necessary to perform passenger and cargo air transportation services. Work will be performed in Afghanistan, and the option will start Nov. 1, 2010, to be completed [...]
AAR appoints new President of Aviation Worldwide Services
20-Aug-10
AAR announced that Jeffrey Schloesser, former Director of Army Aviation, has joined the Company as President of its Aviation Worldwide Services (AWS) business unit. Schloesser will be responsible for leading strategic planning, operations and growth of AWS, which provides airlift services and specialized aircraft modifications. Schloesser’s prestigious career with the U.S. Army spans 34 years, [...]
AAR Strengthens Relationship With Sikorsky and Provides Manufacturing and Machining for S-92 and H-60 helicopter
Source: AAR, 06-Jan-10
AAR (NYSE: AIR) announced today that it has signed a Memorandum of Agreement (MOA) with Sikorsky Aircraft Corporation under which the two companies will work together to identify opportunities to expand their business relationship. In addition, AAR was named the exclusive supplier of composite interiors for the Sikorsky S-92® helicopter program and will provide precision [...]
Rolls-Royce expands RR300 global reach through exclusive distribution agreement with AAR
Source: Rolls-Royce, 24-Sep-09
Ken Roberts, President of the Rolls-Royce Helicopter Engine business said, “With the turn-key solution AAR will provide, RR300 operators will have 24/7 access to parts and services critical for their day to day operations. As the Rolls-Royce Helicopter business continues to grow, meeting the needs of our customers around the world remains a top priority.”
