AAR

Leadership team

Mr. John McClain Holmes III (CEO, Pres & Director)

Mr. Sean M. Gillen (VP & CFO)

Mr. Eric S. Pachapa (VP, Controller & Chief Accounting Officer)

Products/ Services

Aerospace, National Security

Number of Employees

1,000 - 20,000

Headquarters

Wood Dale, Illinois, United States

Established

1951

Company Registration

SEC CIK number: 0000001750

Net Income

100M - 500M

Revenue

Above - 1B

Traded as

AIR

Social Media

URL

https://www.aarcorp.com

Overview

Location

Recognition and Award

References

Summary

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services. This segment also sells and leases new, overhauled, and repaired engine and airframe parts, and components; and provides inventory and repair programs, warranty claim management, and outsourcing programs for engine and airframe parts and components, as well as performance-based supply chain logistics programs in support of the U.S. department of defense and foreign governments. In addition, it offers airframe inspection, maintenance, repair and overhaul, painting, line maintenance, airframe modification, structural repair, avionic and installation, exterior and interior refurbishment, and engineering and support services; and repairs and overhauls components, landing gears, wheels, and brakes. The Expeditionary Services segment provides products and services supporting the movement of equipment and personnel by the U.S. and foreign governments, and non-governmental organizations. This segment also designs, manufactures, and repairs transportation pallets, and various containers and shelters; and provides engineering, design, and system integration services for command and control systems. The company serves domestic and foreign passenger airlines; domestic and foreign cargo airlines; regional and commuter airlines; business and general aviation operators; original equipment manufacturers; aircraft leasing companies; aftermarket aviation support companies; and domestic and foreign military customers. It primarily markets and sells products and services through its employees and foreign sales representatives. AAR Corp. was founded in 1951 and is headquartered in Wood Dale, Illinois.

History

AAR Corp was founded in 1951.I.A. Allen Industrial was incorporated in 1955, renamed Allen Aircraft Radio in 1962, and became AAR CORP. in 1970. The company was founded by Ira A. Eichner. Also, in 1969, AAR began its aircraft maintenance business in Oklahoma City. In 1965, AAR expanded to Europe and opened a Singapore office in 1982.AAR organized its Aircraft Turbine Center, Inc. in 1979 after future CEO David P. Storch, Eichner's son-in-law, joined the company.David P. Storch was CEO from 1996 to 2018. In 2018, John M. Holmes became CEO.In 2017, AAR was chosen as the prime contractor for a 15-year, $909 million landing gear award to provide total supply-chain management to support all U.S. Air Force and contractor requisitions received for all C-130, KC-135 & E-3 landing gear parts.

In September 2019, the U.S. Naval Air Systems Command awarded AAR a $118M contract for procuring, modifying, and delivering two C-40 aircraft to the U.S. Marine Corps.

During the Trump administration, AAR quadrupled its lobbying expenditures. The company spent large sums at Trump-owned properties with the intent to get Trump to view the company more favorably. From the time Trump took office until October 2020, AAR obtained 10 new federal contracts worth a total of $1.35 billion.In response to the COVID-19 pandemic, AAR began using augmented reality in their warehouses to facilitate socially-distanced communications and conduct FAA site visits and audits. They are also piloting the use of drones to assist in inspections.

In March 2021, AAR publicly announced the first all-female class of technicians in training at Miami International Airport.In April 2021, AAR signed a multi-year agreement with United Airlines to provide heavy maintenance services in Rockford, Illinois. AAR plans to add up to 250 more aviation maintenance technician jobs at the facility to meet increased demand from United.AAR is working with Embry-Riddle Aeronautical University in developing the first maintenance SkillBridge program. AAR has partnered with VIPER to train veterans for careers in the aviation industry.In December 2021, The United States Air Force awarded AAR CORP. a 10-year, $365m USAF contract to provide a range of aircraft maintenance services for F-16 aircraft allocated to the USAFE .In October 2022, AAR CORP. and Boeing were awarded $199 million by the Naval Air Systems Command to maintain Boeing P-8 Poseidon aircraft and engines for the U.S. Navy, Australia, and other unnamed international clients.AAR has signed a new multi-year flight-hour component support contract, expanding its relationship with flydubai to include additional aircraft in flydubai’s rapidly growing Boeing 737 MAX fleet.AAR and WZL-2 opened F-16 overhaul facility at Bydgoszcz, Poland to support NATO aircraft in Europe; tasks include avionic upgrades; structural mods, repairs, and corrosion control; service life extension; and other technical upgrades.

Mission

AAR Corporation is committed to delivering the best, most dependable aerospace products and services to our customers while sustaining our reputation for providing first-class aviation solutions.

Vision

Our Vision is to be the global leader in Aviation services, becoming a trusted partner in the industry and building on our reputation for excellence.

Key Team

Ms. Jessica A. Garascia (VP, Gen. Counsel, Chief Admin. Officer & Sec.)

Mr. Christopher A. Jessup (Chief Commercial Officer & VP)

Mr. Rahul Ghai (VP & Chief Digital and Technology Officer)

Ms. Lori Knudson (VP, Chief Ethics & Compliance Officer)

Mr. Dylan Wolin (VP of Strategic & Corp. Devel. and Treasurer)

Nicole Colen (VP of HR)

Mr. Terry D. Stinson (Exec. VP)

Recognition and Awards

AAR Corporation has been the recipient of numerous awards and accolades over the years, ranging from the prestigious U.S. Air Force Max Delong Award to Aviation Week & Space Technology's Annual Top 100 Aerospace Companies List.