AAR Reports Second Quarter Results Dec 17, 2008
"Overall, I am pleased with our second quarter results which were achieved in a challenging economic environment and as many airlines reduced capacity and credit markets tightened. We generated $18.6 million of cash from operations, achieved a 10.2% operating margin excluding the impact of the aircraft impairment, reduced our long-term indebtedness, continued to win new business and took steps to reduce costs," said David P. Storch, Chairman and Chief Executive Officer of AAR CORP. ... AAR CORP.... (PR Newswire)
AAR Receives Pallet Repair Contract Valued at Up to $311 Million Sep 19, 2008
"AAR takes great pride in providing our defense customers with products and services that help them operate more efficiently and contribute to the success of their missions," said David P. Storch, Chairman and Chief Executive Officer of AAR CORP. "This contract marks our 45th year of providing new and remanufactured air cargo pallets to the U.S. Air Force." AAR is a leading provider of products and value-added services to the worldwide aerospace and defense industry. With facilities and sales... (PR Newswire)
AAR Reports Record Fourth Quarter and Fiscal 2008 Results Jul 13, 2008
"We achieved superior sales and earnings growth powered by market share gains through solid execution across our business and broad market acceptance of the Company's value proposition," said David P. Storch, Chairman and Chief Executive Officer of AAR CORP. "We also increased our liquidity, diversified our business and expanded our customer base." During fiscal 2008, each segment achieved double digit sales growth driven by a 28% increase in sales to commercial customers and a 37% increase in... (PR Newswire)
Bobins to play active role as PrivateBank-Chicago chairman Jul 8, 2008
His corporate boards include Naperville-based natural gas utility Nicor Inc., aviation services company AAR Corp. and Global Hyatt Corp.. Despite all those commitments, there was no question he would remain active in banking, an industry hes been part of for more than four decades all in Chicago. (Crain's Chicago Business)
AAR shares fall after parts maintenance news Apr 2, 2008
Top Finance Headlines. Top Government Headlines. (Crain's Chicago Business)
Daily Briefing Apr 2, 2008
Hundreds of Boeing Co. aircraft were outfitted with "unapproved" landing-gear parts under a maintenance contract with AAR Corp., the Federal Aviation Administration said in a safety alert. The parts - MLG truck beams - didn't comply with maintenance manuals and a 2001 safety directive because they used enamel paint on some components that may block a drain hole and hide corrosion, the agency said in its notice. (Atlanta Journal-Constitution -- Business)
Aircraft manufacturing flies back to McClellan Apr 1, 2008
AAR Corp. aims to capitalize on the aircraft industry's trend toward using more composite aircraft parts, adding a 90,000-square-foot manufacturing operation at McClellan Park -- a move that could bring as many as 200 jobs in the next five years ... -based AAR Corp., will quadruple its capacity for composite parts, which are made from materials such as carbon fiber and reinforced plastics ... Parent company AAR Corp. (NYSE: AIR) is one of the nation's largest aviation support companies. (Sacramento Business Journal, CA)
FAA issues landing gear alert: report Apr 1, 2008
The Journal said the FAA's notice details more than 300 instances when an AAR Corp unit shipped "unapproved" parts for use on Boeing aircraft in recent years. The FAA also said the landing-gear parts didn't comply with maintenance manuals and one of its mandatory safety directives from 2001, the newspaper reported. (Yahoo News -- Top Stories)
AAR posts higher quarterly profit Mar 19, 2008
(Reuters) - AAR Corp , a provider of parts and maintenance services to the aviation industry, posted a 32 percent rise in third-quarter profit driven by strong performances at its structures and systems and aviation supply chain divisions. Top Money stories. (ABC News -- Wire)
AAR Announces Expansion of Its Composites Business Feb 19, 2008
SINGAPORE, Feb. 18 /PRNewswire-FirstCall/ -- AAR CORP. (NYSE: ) announced today at the Singapore Airshow that it is significantly expanding its Composites manufacturing operations with the lease of a 90,000 square-foot facility located at the McClellan Business Park, formerly McClellan Air Force Base, in Sacramento, California ... "Increasingly, the aircraft community is using a higher percentage of composite content in the manufacturing process as it seeks to take advantage of the material's... (PR Newswire)
UAL unit sale moving slower than expected Jan 23, 2008
Several potential suitors chose not to bid, including Wood Dale-based AAR Corp., which does contract maintenance and manages parts supplies for aviation customers, according to two people familiar with the companys plans. AAR declined to comment. (Crain's Chicago Business)
AAR stock jumps on earnings news Dec 20, 2007
Mr. Mason sang in the opera's children's choir when it opened in 1954, and has spent 30 years on its management team. Watch him talk about the importance of profit to a cultural institution and the impact of new media on the opera world. (Crain's Chicago Business)
AAR Reports Record Second Quarter Results Dec 19, 2007
"The principal markets we serve-commercial aviation and defense-continued to expand, despite the turbulence in the global credit markets, uncertainty in the U.S. economy and continued pressure from high fuel prices. The demand from airlines for outsourced technical services and additional aircraft lift is strong, as are the opportunities to support the U.S. Department of Defense and its allies," said David P. Storch, Chairman and Chief Executive Officer of AAR CORP. "During the quarter the AAR... (PR Newswire)
AAR Communications Equipment Used in California Fire Fight Nov 2, 2007
Nov. 1 /PRNewswire-FirstCall/ -- AAR CORP. (NYSE: ) announced today that National Guard units battling wildfires in California are using the Company's Contingency Response Communications System to coordinate communications between emergency services agencies ... "When emergency first responders are able to communicate, it can mean the difference between life and death," said Tim Romenesko, President and Chief Operating Officer of AAR CORP. "We are proud to provide the National Guard with a... (PR Newswire)
United moving forward on maintenance unit sale Oct 2, 2007
One possible bidder is AAR Corp., based in Wood Dale. AAR didnt return calls Monday seeking comment, but CEO David Storch told Crains last month: Suffice it to say we're interested in expanding in that market. (Crain's Chicago Business)
Northrop Grumman's KC-30 Tanker Will Create Aerospace Jobs and Generate Economic Activity of $100 Million Annually in North Carolina Sep 6, 2007
-- Alvac, Monroe, N.C. - Titanium -- Cincinnati Thermal Spray, Rocky Point, N.C. - CF6 engine sub-assemblies -- GE Shop-Assembly, Durham, N.C. - CF6 engine sub-assemblies -- GE Shop-Disks, Wilmington, N.C. - CF6 engine sub-assemblies -- Goodrich Corporation, Charlotte, N.C. - computer systems -- AAR Corporation, Goldsboro, N.C. - advanced cargo loading system. ADVERTISEMENT. (Primezone Releases)
Surging China sales boost Yum Brands Jul 13, 2007
- AAR Corp., helped by a 22 percent upturn in sales and widening profit margins, said fourth-quarter earnings jumped 38 percent. The Wood Dale-based provider of services to the aviation industry said net income climbed to $17. (Chicago Tribune)
Stocks to Watch Jul 11, 2007
AAR Corp. () is expected to report fiscal fourth-quarter earnings of 41 cents a share, according to a poll of analysts by Thomson Financial. Chaparral Steel Co. () is seen posting a per-share profit of $1. (Fox News)
The Best Stocks Right Now Jun 13, 2007
Investors have spoken -- here's what they said. Updated: 6:52 a.m. ET June 12, 2007. (MSNBC -- Business)
AAR Corp. taps AT&T for voice and networking services Jun 12, 2007
AAR Corp. taps AT&T for voice and networking services - San Antonio Business Journal ... AAR Corp. taps AT&T for voice and networking services. (San Antonio Business Journal, TX)
Huntsville's Brown International acquired Apr 5, 2007
"There are excellent synergies between Brown's technical and systems integration expertise and AAR's mobility products capabilities," said David P. Storch, chairman, president and CEO of AAR Corp. "The Brown acquisition enables us to provide defense customers with a wider range of products and services to meet the demand for increasingly complex and specialized shelter products.". Brown was established in 1985 and provides engineers and equips tactical operations centers, data links and support... (Birmingham Business Journal)
