AAR

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AAR to pay $11M to settle False Claims Act allegations, plus $429K to FAA

AAR to pay $11M to settle False Claims Act allegations, plus $429K to FAA

8-Jul-2021Source: US DoJ

AAR Corp., located in Wood Dale, Illinois, and its subsidiary, AAR Airlift Group Inc. (Airlift), located in Melbourne, Florida, have agreed to pay the United States $11,088,000 to resolve False Claims Act allegations in connection with aircraft maintenance services performed by Airlift on two U.S. Transportation Command (TRANSCOM) contracts. The allegations involve helicopters that Airlift... Read more

HeliSpeed signs SAR support agreement with British International

HeliSpeed signs SAR support agreement with British International

4-Aug-2020Source: HeliSpeed

Blackpool-based aviation support specialists, HeliSpeed, has signed an agreement with BIH to support its search and rescue (SAR) operations in the Falkland Islands. Through the agreement, global aviation business, HeliSpeed, will provide BIH with pilots from its HeliTrax database of over 1,500 highly-trained helicopter pilots and engineers, supporting operations in the Falkland Islands. British International... Read more

AAR awarded four-year MRO contract with Royal Netherlands Air Force

AAR awarded four-year MRO contract with Royal Netherlands Air Force

22-Jul-2019Source: AAR

AAR (NYSE: AIR), a leading provider of aviation services to commercial airlines and governments worldwide, has been awarded a four-year contract by the Royal Netherlands Air Force (RNLAF) to perform maintenance, repair and overhaul of the Chinook APU for Logistics Centre Woensdrecht (LCW). AAR will service the Chinook fleet in its Component Repair facility in... Read more

AAR appoints a new Senior Vice President, Repair and Engineering Services

AAR appoints a new Senior Vice President, Repair and Engineering Services

2-Feb-2018Source: AAR

Global aviation services leader AAR (NYSE: AIR) announces that Brian Sartain has joined AAR in the new position of  Senior Vice President, Repair and Engineering Services, reporting to President and Chief Operating Officer John M. Holmes. In this senior leadership role, Sartain will oversee AAR’s MRO Services, Component Repair, Engineering Services, Landing Gear Services and... Read more

AAR Launches New PAARTS STORE at MRO Europe

AAR Launches New PAARTS STORE at MRO Europe

9-Oct-2017Source: AAR

Global aviation services leader AAR (NYSE: AIR) officially launched today at MRO Europe a new online PAARTS STORE open to existing and new aftermarket customers including operators, MROs, and brokers. The new 2.0 look and functionality is being demonstrated by AAR’s Digital Services team at Booth # 335. PAARTS STORE 2.0 provides 24/7 visibility of... Read more

Three operators awarded $948M contract for rotary wing airlift services

Three operators awarded $948M contract for rotary wing airlift services

18-May-2017Source: US DoD

AAR Airlift Group Inc., Palm Bay, Florida (HTC711-17-D-R016, $158,659,780); Construction Helicopters Inc., doing business as CHI Aviation, Howell, Michigan (HTC711-17-D-R017, $153,972,615); and Columbia Helicopters, Aurora, Oregon (HTC711-17-D-R018, $172,187,683), have been awarded indefinite-delivery/indefinite-quantity, fixed-price contracts to provide rotary wing airlift services, which support U.S. Central Command area of responsibility (USCENTCOM AOR).  The total value of the... Read more

AAR Airlift Group Achieves NAAMTA Medical Transport Accreditation

AAR Airlift Group Achieves NAAMTA Medical Transport Accreditation

3-Feb-2017Source: AAR Airlift Group

AAR Airlift Group, a provider of aviation support services to the United States Department of Defense, has achieved medical transport accreditation. Servicing the US military, AAR Airlift Group plays an essential role in providing life saving medical transport services in austere environments. Following a comprehensive audit of administrative documentation, medical practices, and facilities, NAAMTA (National... Read more

DynCorp to pursue legal recourse after GAO denies protest of contract awarded to AAR

DynCorp to pursue legal recourse after GAO denies protest of contract awarded to AAR

9-Jan-2017Source: DynCorp International

DynCorp International (DI) is disappointed that the Government Accountability Office (GAO) has denied its protest of a Department of State (DOS) award of the Worldwide Aviation Support Services (WASS) contract to AAR Airlift Group (AAR). DI will immediately pursue legal recourse before the U.S. Court of Federal Claims. Additionally, two separate but related proceedings continue.... Read more

GAO denies DynCorp appeal over AAR winning US Dept of State helicopter contract

GAO denies DynCorp appeal over AAR winning US Dept of State helicopter contract

5-Jan-2017Source: AAR

AAR (NYSE: AIR) today learned that the United States Government Accountability Office denied DynCorp’s protest of the contract award to AAR Airlift, a subsidiary of AAR, for the United States Department of State’s Global Aviation Support Services program. Under the program, AAR Airlift will provide maintenance, operations, and logistical support to the fixed and rotary-wing aircraft... Read more

AAR awarded $25M contract for two helicopters in Afghanistan

AAR awarded $25M contract for two helicopters in Afghanistan

28-Jun-2016Source: US DoD

AAR Airlift Group Inc., Palm Bay, Florida, has been awarded task order HTC711-10-D-R026/0003 for $21,789,000.  This contract award will provide two rotary wing aircraft to move cargo and passengers throughout Afghanistan.  Work will be performed in Afghanistan, with an expected completion date of March 31, 2017.  Fiscal 2016 operations and maintenance funds in the amount... Read more

Colombia Helicopters and AAR awarded total of $65M more for Afghan transport work

Colombia Helicopters and AAR awarded total of $65M more for Afghan transport work

4-May-2016Source: HeliHub.com

Columbia Helicopters and AAR Airlift Group have been awarded modifications to contracts for rotary wing aircraft, personnel, equipment, tools, material, maintenance, and supervision necessary to perform passenger and cargo air transportation service. Columbia has been awarded a $31,294,989 modification (Task Order 0002, Modification 33) to previously awarded contract HTC711-11-D-R021.  The modification brings the total cumulative face... Read more

AAR starts SAR ops for UK military in the Falkland Islands

AAR starts SAR ops for UK military in the Falkland Islands

1-Apr-2016Source: AAR

AAR (NYSE: AIR) announces its Airlift division has commenced operations for Search and Rescue (SAR) and Support Helicopter (SH) services for the UK Ministry of Defence in the Falkland Islands. AAR Airlift Group, together with British International Helicopters (BIH) and Air Rescue Systems (ARS), is delivering turnkey SAR and Support Helicopter services to the British... Read more

AAR launches new Rotorcraft Services division

AAR launches new Rotorcraft Services division

26-Feb-2016Source: AAR

AAR (NYSE: AIR), a global aerospace and defense contractor that provides industry-leading aviation services to the world’s airlines, governments and OEMs, now offers a broad range of aftermarket support services for helicopter operators, including parts sales, engineering, and total life-cycle support programs, under its new Rotorcraft Services business division. AAR officially launched the new business... Read more

AAR signs Electronically Dimmable Window Solutions MoU

AAR signs Electronically Dimmable Window Solutions MoU

18-Feb-2016Source: AAR

AAR, an industry-leading provider of aviation aftermarket services and nose-to-tail solutions for commercial airlines, original equipment manufacturers and governments, announces Wednesday at the Singapore Airshow it has been selected by Vision Systems, a market leader in solar protection solutions, to integrate Electronically Dimmable Windows (EDW) solutions for retrofit programs in Asia, Middle East, Africa and... Read more

AAR makes board appointment

AAR makes board appointment

12-Jan-2016Source: AAR

AAR CORP. (NYSE: AIR) announced today that Jennifer L. Vogel has been elected to the Company’s Board of Directors, effective immediately. Ms. Vogel was most recently Senior Vice President, General Counsel, Secretary and Chief Compliance Officer of Continental Airlines, Inc. in Houston. “We are very pleased to welcome Jennifer to our Board of Directors,” said... Read more

AAR announces Q2 results release date

AAR announces Q2 results release date

14-Dec-2015Source: AAR

AAR (NYSE: AIR) today announced that it will release financial results for its second quarter of Fiscal Year 2016, ended November 30, 2015, after the market closes on Thursday, December 17, 2015. On Thursday, December 17, 2015, at 3:45 p.m. CST, AAR will hold a conference call to discuss the results. The conference call can... Read more

AAR vertrep contract with US Navy extended

AAR vertrep contract with US Navy extended

4-Nov-2015Source: AAR

AAR (NYSE: AIR) announces Military Sealift Command (MSC) has exercised a one-year renewal option for its Airlift division to perform vertical replenishment (VERTREP) services for the U.S. Navy’s 5th and 7thFleets in the Western Pacific and Indian Oceans.  The one-year renewal is valued at approximately $14 million. The contract was awarded to AAR Airlift Group in... Read more

Falklands SAR AW189 test flying in full colours

Falklands SAR AW189 test flying in full colours

28-Oct-2015

The first of two AgustaWestland AW189s for Search and Rescue work off the Falkland Islands has started test flying in full colours, as seen below in this photo by Marco Bianchi.  The aircraft will be operational under a new ten year contract starting April 2016.  When AAR announced the contract win, the value was quoted... Read more

AAR to participate in FAA Aviation Safety Action Program

AAR to participate in FAA Aviation Safety Action Program

15-Oct-2015Source: AAR

AAR (NYSE: AIR), a recognized leader in aircraft maintenance, repair and overhaul (MRO), has signed a Memorandum of Understanding (MOU) with the Federal Aviation Administration of South Florida FSDO-19 to take part in its Aviation Safety Action Program (ASAP). Under ASAP, maintenance technicians at the Company’s aircraft repair facility in Miami are encouraged to voluntarily... Read more

AAR to Showcase Supply Chain Innovation at MRO Europe

AAR to Showcase Supply Chain Innovation at MRO Europe

15-Oct-2015Source: AAR

AAR, an industry-leading provider of aviation services to commercial airlines, OEMs and governments will showcase its supply chain and component repair operations based in Europe, as well as its award-winning MRO network, during Aviation Week’s 2015 MRO Europe conference October 13-15. AAR in Europe AAR’s business unit leaders will be available at Booth #526 to... Read more

AAR appoints Chief Financial Officer

AAR appoints Chief Financial Officer

1-Oct-2015Source: AAR

AAR CORP. (NYSE: AIR), a leading global aftermarket solutions company that serves commercial aviation and government customers worldwide, today announced that Michael J. Sharp has been appointed to serve as the Company’s Chief Financial Officer, effective October 5, 2015. Mr. Sharp will replace John C. Fortson who is resigning and relocating to take a CFO... Read more

AAR Selected for 2014 NDTA Corporate Distinguished Service Award

AAR Selected for 2014 NDTA Corporate Distinguished Service Award

1-Oct-2015Source: AAR

AAR (NYSE: AIR) has been named the recipient of the 2014 NDTA Corporate Distinguished Service Award by the National Defense Transportation Association (NDTA). The award recognizes AAR’s Airlift division for its support of a strong and efficient global transportation and distribution system in support of the economy and national security of the United States. AAR... Read more

AAR awarded two Military Sealift Command contracts worth $21M

AAR awarded two Military Sealift Command contracts worth $21M

1-Oct-2015Source: US DoD

AAR Airlift Group Inc., Palm Bay, Florida, is being issued a $6,746,197 modification under a previously awarded firm-fixed-price contract (N00033-14-C-8013) to exercise a 12-month option for the provision of ship-based and shore-based vertical replenishment and other rotary-wing logistic services.  These include search and rescue support; medical evacuations; passenger transfers; internal cargo movement; and dynamic interface... Read more

Airinmar Signs 3-Year Repair Management Agreement with CHC

Airinmar Signs 3-Year Repair Management Agreement with CHC

12-Jun-2015Source: AAR

Airinmar, a leading provider of innovative aviation repair management solutions, has signed a three-year agreement with CHC Helicopters to manage component repairs for its fleet of over 200 helicopters. Airinmar has supported airlines, MROs, OEMs and military operations for over 25 years through integration of its proprietary systems, engineering expertise and supply management solutions.  By... Read more

Lobo works with AAR on S92 and AW189 leases

Lobo works with AAR on S92 and AW189 leases

9-Jun-2015Source: Lobo Leasing

Lobo Leasing, a leading global helicopter leasing company, announced today that they have closed the first of a two-part lease agreement with expeditionary airlift services provider, AAR Airlift Group, a division of global aerospace and defense company, AAR. Collaborating with UK-based partner, H-LEASE, Lobo worked closely with AAR to develop a customised fleet planning solution to... Read more

Pratt & Whitney approves AAR to overhaul Black Hawk APUs

Pratt & Whitney approves AAR to overhaul Black Hawk APUs

4-Jun-2015Source: AAR

AAR (NYSE: AIR) has won an endorsement from Pratt & Whitney to enhance the U.S. Army contract to upgrade and overhaul Auxiliary Power Units (APUs) for its UH-60 Black Hawk helicopters. The new certification augments work being performed at AAR’s Aircraft Component Services facility in Garden City on Long Island as part of a five-year... Read more

AAR to provide logistics support to Bell for T64 engines in V280 program

AAR to provide logistics support to Bell for T64 engines in V280 program

23-Apr-2015Source: AAR

AAR (NYSE: AIR) announced today that Bell Helicopter Textron Inc. (“Bell Helicopter”) awarded its Defense Systems & Logistics (DS&L) business unit a contract providing warehouse and logistics services in support of upgrading T64 engines for the Bell V-280 Valor technical demonstrator aircraft. The two-year agreement is the first between the global aerospace and defense contractor... Read more

AAR Announces Cash Dividend

AAR Announces Cash Dividend

16-Apr-2015Source: AAR

AAR CORP. (NYSE: AIR) announced 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 payable on or before May 13, 2015, to stockholders of record as of the close of business on April 29, 2015. Future cash dividends... Read more

AAR Signs Contract for Two AW189s for Falkland Islands SAR

AAR Signs Contract for Two AW189s for Falkland Islands SAR

4-Mar-2015Source: AgustaWestland

AgustaWestland announced today it has signed a contract with AAR Airlift Group to provide two new generation AW189 helicopters to perform search and rescue in the Falkland Islands. AAR Airlift Group has been awarded a contract by the UK Ministry of Defence to deliver search and rescue services in the Falkland Islands, and will use... Read more

AAR win 10 year Falkland Islands SAR contract

AAR win 10 year Falkland Islands SAR contract

20-Jan-2015Source: AAR

AAR (NYSE: AIR) announces its Airlift division has been awarded a contract by the United Kingdom Ministry of Defence for Search & Rescue (SAR) and Support Helicopter services in the Falkland Islands. The contract is valued at approximately $275 million (approximately £180 million). AAR Airlift, together with British International Helicopters (BIH) and Air Rescue Systems... Read more

AAR Announces Cash Dividend

AAR Announces Cash Dividend

15-Jan-2015

AAR CORP. (NYSE: AIR) announced 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 payable on or before February 16, 2015, to stockholders of record as of the close of business on January 28, 2015.  Future cash dividends... Read more

AAR and Columbia Helicopters have US military contracts in Afghanistan extended

AAR and Columbia Helicopters have US military contracts in Afghanistan extended

5-Jan-2015Source: US DoD

Two airlines have been awarded contract modifications for rotary wing aircraft, personnel, equipment, tools, material, maintenance and supervision necessary to perform passenger and cargo air transportation service. The first airline, Columbia Helicopters, Inc. Aurora, Oregon, was awarded a $20,069,056 modification (0002-29) to previously awarded contract HTC711-11-D-R021. The second, AAR Airlift Group, Inc., Palm Bay, Florida,... Read more

AAR Selected by AMMROC to Support Design of New Military MRO Facility in the UAE

AAR Selected by AMMROC to Support Design of New Military MRO Facility in the UAE

12-Nov-2014Source: AAR

AAR (NYSE: AIR) announces it has been selected by AMMROC (Advanced Military Maintenance Repair and Overhaul Center) LLC, the Abu Dhabi-based Joint Venture between Mubadala Development Company, Sikorsky and Lockheed Martin, to support in the design, outfitting and integration of key areas of AMMROC’s state-of-the-art facility in Al Ain, UAE. The new facility will be... Read more

AAR CEO Named to the President’s Advisory Council

AAR CEO Named to the President’s Advisory Council

10-Nov-2014Source: AAR

WOOD DALE, Illinois, November 5, 2014 — David P. Storch, Chairman and Chief Executive Officer of AAR CORP. (NYSE: AIR), has been named to the President’s Advisory Council on Doing Business in Africa, a 15-member panel of private sector business leaders charged with helping the Administration strengthen commercial engagement between the United States and Africa.... Read more

AAR wins $15M option flying for US Navy

AAR wins $15M option flying for US Navy

29-Sep-2014Source: DSCA

AAR Airlift Group, Inc., Palm Bay, Florida, is being awarded a $15,332,330 modification under a previously awarded firm-fixed-price contract (N00033-11-C-1003) to exercise a 12-month option for the provision of ship-based and shore-based vertical replenishment and other rotary-wing logistic services. These include search and rescue support; medical evacuations; passenger transfers; internal cargo movement; and dynamic interface... Read more

AAR Awarded Navy Contract for Airlift Operations in West Africa

AAR Awarded Navy Contract for Airlift Operations in West Africa

29-Sep-2014Source: AAR

AAR (NYSE: AIR) announces the Department of the Navy, Naval Supply Systems Command (NAVSUP) has awarded a contract to its Airlift division to provide personnel recovery airlift services in West Africa. The total value of the contract is approximately $49 million, inclusive of all option periods. AAR Airlift will provide personnel recovery, casualty evacuation, (CASEVAC)... Read more

AAR to Announce First Quarter Fiscal Year 2015 Results on September 23, 2014

AAR to Announce First Quarter Fiscal Year 2015 Results on September 23, 2014

19-Sep-2014Source: AAR

AAR (NYSE: AIR) today announced that it will release financial results for its first quarter of Fiscal Year 2015, ended August 31, 2014, after the market closes on Tuesday, September 23, 2014. On Tuesday, September 23, 2014, at 3:45 p.m. CST, AAR will hold a conference call to discuss the results. The conference call can... Read more

AAR Airlift to Obtain Critical Engine & Component Support from Heli-One

AAR Airlift to Obtain Critical Engine & Component Support from Heli-One

22-Aug-2014Source: Heli-one

AAR Airlift has selected Heli-One to provide vital CT58 engine and component support for its 20 Sikorsky S-61 aircraft. The agreement spans three years and includes renewal options. Heli-One is a segment of CHC Helicopter, the operating company of CHC Group Ltd. (NYSE:HELI). AAR Airlift and Heli-One combine expertise to maintain safe and consistent operations... Read more

AAR wins US Army Contract to Overhaul Black Hawk APUs

AAR wins US Army Contract to Overhaul Black Hawk APUs

4-Aug-2014Source: AAR

AAR (NYSE: AIR) announces it has been selected by the U.S. Army to upgrade and overhaul Auxiliary Power Units (APUs) for its UH-60 Black Hawk helicopters. The work will be performed at AAR’s Aircraft Component Services facility in Garden City on Long Island. The five-year contract, valued in excess of $23 million, will initially cover... Read more

AAR to announce Q4 and FY2014 results on July 15th

AAR to announce Q4 and FY2014 results on July 15th

11-Jul-2014Source: AAR

AAR (NYSE: AIR) today announced that it will release financial results for its fourth quarter and Fiscal Year 2014, ended May 31, 2014, after the market closes on Tuesday, July 15, 2014. On Wednesday, July 16, 2014, at 7:30 a.m. CDT, AAR will hold a conference call to discuss the results. The conference call can be accessed by calling 866-802-4322... Read more

AAR Earns Nadcap Accreditation for Composites Manufacturing

AAR Earns Nadcap Accreditation for Composites Manufacturing

10-Jul-2014Source: AAR

AAR (NYSE: AIR) announces that its composites manufacturing facility here has earned Nadcap accreditation to fabricate and build composite parts and assemblies for commercial and military markets. The designation represents a milestone for AAR and distinguishes the company as an expert in the field of composites manufacturing capable of meeting the highest industry standards. Nadcap... Read more

AAR Becomes the First MRO Operator to Sign Data-Sharing Pact with FAA

AAR Becomes the First MRO Operator to Sign Data-Sharing Pact with FAA

10-Jun-2014Source: AAR

AAR (NYSE: AIR), a recognized leader in aircraft maintenance, repair and overhaul (MRO), has become the first MRO operator to agree to voluntarily share safety information with the Federal Aviation Administration. AAR recently signed an agreement to take part in the FAA’s Aviation Safety Information Analysis and Sharing program (ASIAS), which is designed to help... Read more

AAR awarded new US Navy VertRep contract

AAR awarded new US Navy VertRep contract

10-Jun-2014Source: AAR

AAR (NYSE: AIR) announces the Military Sealift Command awarded its Airlift division a contract to provide vertical replenishment (VERTREP) services to its 5th and 7th Fleets in the Mediterranean Sea, Arabian Gulf, and Indian and Western Pacific oceans. The contract is valued at approximately $34 million, inclusive of all options. Military Sealift Command (MSC) is... Read more

AAR expands support of US Army CH-47 recapitalization program

AAR expands support of US Army CH-47 recapitalization program

27-May-2014Source: AAR

AAR (NYSE: AIR) has won a contract that expands its component repair support of The Boeing Company’s Helicopter Recapitalization Program for the U.S. Army. Under a five-year general terms agreement on Multi Year II, AAR will overhaul multiple components on the CH-47 Chinook helicopter. This is a significant increase over AAR’s portion of Boeing’s initial... Read more

AAR awarded $6.9M US Navy vertrep contract

AAR awarded $6.9M US Navy vertrep contract

23-May-2014Source: US DoD

AAR Airlift Group, Inc., Palm Bay, Florida, is being awarded a $6,922,160 firm-fixed-price contract to provide ship-based and shore-based vertical replenishment and other rotary-wing logistic services (i.e., search and rescue support, medical evacuations, passenger transfers, internal cargo movement, and dynamic interface testing) in support of Commander, Naval Air Forces Command. AAR Airlift Group, Inc., will... Read more

AAR awarded $8.5M contract in central Africa

AAR awarded $8.5M contract in central Africa

19-May-2014Source: US DoD

AAR Airlift Group, Inc., Palm Bay, Florida, is being awarded an $8,529,906 indefinite- delivery/indefinite- quantity, fixed-price with economic-price-adjustment contract for dedicated rotary wing services in the Central Africa Region (Uganda, Central Africa Republic, the Democratic Republic of Congo and South Sudan) with an expected completion date of April 23, 2015. Funds will be obligated on... Read more

AAR Hires Global Director of Communications and Reputation

AAR Hires Global Director of Communications and Reputation

14-Mar-2014Source: AAR

AAR, a leading supplier of products and services to the aerospace/aviation and defense/government industries worldwide, has hired communications and government strategist Kathleen Cantillon as Global Director of Communications and Reputation. Cantillon has more than 20 years of experience in corporate communications and government relations, with expertise in transportation. Cantillon will develop communications strategies for all... Read more

Sikorsky recognizes AAR for outstanding S-92 service in Afghanistan

Sikorsky recognizes AAR for outstanding S-92 service in Afghanistan

25-Feb-2014Source: Sikorsky

Sikorsky Aircraft Corp. announced today that AAR Airlift’s S-92® program achieved record flying hours and reliability in 2013. Operating at a maintenance readiness rate exceeding 90 percent, AAR’s two S-92 aircraft achieved 3,800 combined block flight hours in the harsh Afghanistan environment, a 1,000-hour increase from 2012. Sikorsky Aircraft is a subsidiary of United Technologies... Read more

AAR Supports Typhoon Haiyan Relief in the Philippines

AAR Supports Typhoon Haiyan Relief in the Philippines

15-Jan-2014Source: AAR

AAR Airlift employees, assisting U.S. Department of Defense humanitarian relief efforts following the devastation of Typhoon Haiyan, have transported key personnel and delivered 250,000 pounds of food, water and medical supplies to remote areas in support of the U.S. Navy’s Military Sealift Command (MSC). The storm affected approximately 9.5 million people and ignited a five-week... Read more

AAR to announce FY 2014 Q2 results on December 19th

AAR to announce FY 2014 Q2 results on December 19th

16-Dec-2013Source: AAR

AAR announced that it will release financial results for its second quarter of Fiscal Year 2014, ended November 30, 2013, after the market closes on Thursday, December 19, 2013. On Thursday, December 19, 2013, at 3:45 p.m. CST, AAR will hold a conference call to discuss the results. The conference call can be accessed by calling 866-802-4322 from inside the... Read more

AAR partners with the Royal Netherlands Air Force

AAR partners with the Royal Netherlands Air Force

25-Nov-2013Source: AAR

AAR (NYSE: AIR) announced today that representatives from its Dutch-based AAR Aircraft Component Services – Amsterdam business (AAR ACS) and officials from the Netherlands Ministry of Defense’s Royal Netherlands Air Force (RNLAF) signed a partnering agreement that allows AAR ACS to provide new and expanded component repair services using equipment at Logistic Center Woensdrecht (LCW).... Read more

USTransCom renews Afghanistan contract with AAR for $151M

USTransCom renews Afghanistan contract with AAR for $151M

5-Nov-2013Source: US DoD

AAR Airlift Group Inc., Palm Bay, Fla., is being awarded modification 32 to task order 0001, and modification 23 to task order 0002 totaling $151,582,265 to previously awarded contract HTC711-10-D-R026 to exercise option year four for rotary wing aircraft, personnel, equipment, tools, material, maintenance and supervision necessary to perform passenger and cargo air transportation services.... Read more

AAR Announces Cash Dividend

AAR Announces Cash Dividend

10-Oct-2013Source: AAR

 AAR CORP. (NYSE: AIR) announced 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 or before November 4, 2013, to stockholders of record as of the close of business on October 22, 2013.  Future cash dividends will be subject to the... Read more

AAR report results for FY14Q1 ending 31 August 2013

AAR report results for FY14Q1 ending 31 August 2013

25-Sep-2013Source: AAR

AAR (NYSE: AIR) today reported first quarter fiscal year 2014 consolidated sales of $514.5 million and net income of $17.9 million, or $0.45 per diluted share.  For the first quarter of the prior fiscal year, the Company reported sales of $550.5 million and net income of $18.2 million, or $0.45 per diluted share. During the quarter, the Company generated $27.5 million in cash flow from operations and free... Read more

AAR awarded $15M more for 12-month extenson to Middle East work

AAR awarded $15M more for 12-month extenson to Middle East work

24-Sep-2013Source: US DoD

AAR Airlift Group Inc., Palm Bay, Fla., is being issued a $15,217,498 modification under a previously awarded firm-fixed-price contract (N00033-11-C-1003) to exercise a 12-month option for the provision of ship-based and shore-based vertical replenishment and other rotary-wing logistic services. These include search and rescue support; medical evacuations; passenger transfers; internal cargo movement; and dynamic interface... Read more

AAR Reports Q4 and full year results to 31st May 2013

AAR Reports Q4 and full year results to 31st May 2013

31-Jul-2013Source: AAR

AAR CORP. (NYSE: AIR), a leading, global aviation and aerospace company, today reported fourth quarter and full fiscal year 2013 consolidated results. Fourth quarter sales were $553.8 million and adjusted diluted earnings per share were $0.50, which grew 11% versus the year-ago level of $0.45 per diluted share, excluding charges. “We are pleased with our... Read more

AAR Signs Partnering Agreement with Boeing to Support Royal Netherlands Air Force

AAR Signs Partnering Agreement with Boeing to Support Royal Netherlands Air Force

19-Jun-2013Source: AAR

AAR (NYSE: AIR) and the Boeing Company (NYSE: BA) have signed a formal partnering agreement that enables AAR to provide component maintenance, repair and overhaul support for Boeing rotorcraft owned and operated by the Royal Netherlands Air Force (RNLAF). The alliance focuses initially on components for the RNLAF’s fleet of Boeing Chinook CH-47s and Apache... Read more

AAR appoints new CFO

AAR appoints new CFO

4-Jun-2013Source: AAR

AAR Welcomes Its Future CFO John FortsonAAR CORP. (NYSE: AIR), a leading provider of value-added products and services to the worldwide aerospace, government and defense industries, today announced that John Fortson has joined the Company as Vice President of Finance.  His start date comes one month earlier than previously announced. Mr. Fortson will become Vice... Read more

AAR to name new Chief Financial Officer

AAR to name new Chief Financial Officer

8-May-2013Source: AAR CORP.

AAR CORP. (NYSE: AIR), a leading provider of value-added products and services to the worldwide aerospace, government and defense industries, today announced that John Fortson will join the Company on July 1, 2013, as Vice President of Finance. Fortson will then become Vice President, Chief Financial Officer and Treasurer on July 19, 2013, or as... Read more

AAR Retains Strategic Business Development Consulting Services of Grant Park Global

AAR Retains Strategic Business Development Consulting Services of Grant Park Global

8-May-2013Source: Grant Park Global

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... Read more

AAR Announces Cash Dividend

AAR Announces Cash Dividend

23-Apr-2013Source: AAR Corp

AAR CORP. (NYSE: AIR) announced 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 May 16, 2013, to stockholders of record as of the close of business on May 2, 2013.  Future cash dividends will be... Read more

AAR completes add-on offering of 7.25% Senior Notes due 2022

AAR completes add-on offering of 7.25% Senior Notes due 2022

16-Apr-2013Source: AAR CORP

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... Read more

AAR proposes $125M Add-on Offering of 7.25% Senior Notes due 2022

AAR proposes $125M Add-on Offering of 7.25% Senior Notes due 2022

11-Apr-2013Source: AAR Corp

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... Read more

AAR Showcases its Rotorcraft Products and Services at Heli-Expo

AAR Showcases its Rotorcraft Products and Services at Heli-Expo

5-Mar-2013Source: AAR

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... Read more

AAR reports Fiscal 2013 Q2 results

AAR reports Fiscal 2013 Q2 results

19-Dec-2012Source: AAR

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... Read more

AAR wins UH-60 parts contract

AAR wins UH-60 parts contract

4-Dec-2012Source: AAR

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... Read more

AAR awarded $143M more work in Afghanistan

AAR awarded $143M more work in Afghanistan

4-Dec-2012Source: US DoD

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,... Read more

AAR wins third year extension for Afghanistan airlift support

AAR wins third year extension for Afghanistan airlift support

5-Nov-2012Source: US DoD

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... Read more

FAA approves new S-92 composite interior from AAR

FAA approves new S-92 composite interior from AAR

2-Nov-2012Source: AAR

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... Read more

AAR selected to extend airlift support for US Military in Afghanistan

AAR selected to extend airlift support for US Military in Afghanistan

12-Jun-2012Source: AAR

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... Read more

AAR recognized as a South Florida business leader

AAR recognized as a South Florida business leader

20-Mar-2012Source: AAR

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... Read more

AAR Airlift reports accident in Afghanistan

AAR Airlift reports accident in Afghanistan

16-Jan-2012Source: AAR

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... Read more

16-Jan-12 N5748M Bell 214ST Nadi-Ali, Afghanistan (3F)

16-Jan-12 N5748M Bell 214ST Nadi-Ali, Afghanistan (3F)

16-Jan-2012

Helicopter of AAR Airlift crashed while operating for US Dept of Defense.  3 fatalities.  Type/registration not known at this time.... Read more

AAR Corp proposes $175M of Senior Unsecured Notes

AAR Corp proposes $175M of Senior Unsecured Notes

11-Jan-2012Source: AAR

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... Read more

AAR partners with Chicago colleges to fill skills gaps in aviation

AAR partners with Chicago colleges to fill skills gaps in aviation

21-Dec-2011Source: AAR

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... Read more

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