AAR CORP

AAR CORP. is a leading independent provider of solutions to the global aviation aftermarket, incorporated in 1955. The company offers a broad line of products and services to commercial and government aerospace customers, operating globally in over 20 countries. AAR operates through four business segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. In fiscal 2025, the company focused on optimizing its products and services portfolio. Double-digit sales growth in new parts Distribution activities contributed to improved profitability. AAR's fiscal 2023 investment in Trax has enabled it to scale to win business from large airlines and maintenance, repair and overhaul ("MRO") providers. The company continued integrating its fiscal 2024 Product Support acquisition, realizing significant synergies. Broader Component Services activities benefited from these additional capabilities, expanded global footprint, and higher margin offerings. As part of portfolio optimization, AAR divested its Landing Gear Overhaul ("LGO") business. Investments were made in digital technologies to strengthen existing businesses. In Airframe MRO activities, digital advancements drove efficiencies and profitability improvement. AAR is expanding maintenance capacity with two Airframe MRO facility expansions, one in Miami, Florida and one in Oklahoma City, Oklahoma. Consolidated sales in fiscal 2025 increased $461.6 million, or 19.9%, over the prior year, primarily due to increased sales to commercial customers.