AAR provides aftermarket aerospace and defense solutions, including repair, parts provisioning, logistics, and maintenance services for commercial and government customers. It operates a global network in 20+ countries with 5,000+ employees who perform repairs, supply of parts, and field support to keep operations running safely and cost-efficiently. The company differentiates itself through decades of experience, a broad international footprint, and a strong safety and quality culture backed by industry recognitions. Its goal is to be a trusted, reliable partner for aerospace and defense aftermarket needs worldwide, delivering cost-effective solutions with high standards of safety and service.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Wood Dale, Illinois
Founded
1951
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Unlimited Paid Time Off
Professional Development Budget
Bain capital-backed MRO Holdings sells 65% stake to AAR in $4B deal. AAR CORP., which provides aviation aftermarket parts, repair and software services, agreed to acquire a 65 percent controlling interest in MRO Holdings, a Bain Capital-backed aircraft maintenance provider, at an implied enterprise value of $4 billion. AAR (NYSE: AIR) will initially acquire the 65 percent stake for approximately $1.8 billion in equity value and repay about $1.3 billion of MRO Holdings' existing borrowings. MRO Holdings is a global aircraft maintenance, repair and overhaul provider with approximately 10,000 employees and 115 lines of airframe maintenance capacity across facilities in the U.S., Mexico, El Salvador and Colombia. The company performs aircraft maintenance and modifications, with roughly 90% of revenue coming from U.S. customers. Bain Capital, which invested in MRO Holdings as a significant minority shareholder, will remain invested following the transaction. Goldman Sachs, William Blair and Centerview Partners are financial advisors to AAR, with Kirkland & Ellis serving as legal counsel; Goldman Sachs Bank USA and Wells Fargo Securities are underwriting the committed debt financing, while Goldman Sachs is the PIPE's exclusive placement agent. Solomon Partners is financial advisor to MRO Holdings, RBC Capital Markets is also advising the company, and Greenberg Traurig is legal counsel. PE-Backed Waverly Advisors Buys Heartwood Wealth Advisors The acquisition expands Waverly's presence in Virginia. To read the entire story, you must be logged in. Avesi Partners Invests in New Age Medical New Age Medical is a St. Louis-based MedTech platform serving the spinal surgery market. To read the entire story, you must be logged in. Caterpillar Acquires John Fabick Tractor Company The company provides Caterpillar equipment, services, technology and related expertise to customers throughout its markets. To read the entire story, you must be logged in. Long Lake Management Completes $6.3B Acquisition of Amex GBT Amex GBT provides software and services for travel, expense and meetings and events management. To read the entire story, you must be logged in.
HAECO Americas' parent company AAR plans to take majority stake in MRO Holdings. AAR Corp., owner and operator of Greensboro-based HAECO Americas, plans to spend $4 billion acquire a 65% ownership stake in MRO Holdings. The manufacturer, based in Wood Dale, Ill., provides aviation services, including parts and repairs, to commercial, and state and federal government customers. In November, AAR purchased HAECO, a longtime Piedmont Triad International Airport anchor, for $78 million to combine the nation's two largest heavy aircraft maintenance, repair and overhaul (MRO) companies. AAR gained a combined 1,600 workforce at PTI and in Lake City, Fla. People are also reading... The 65% ownership acquisition of MRO is projected to close in February. AAR is paying $1.8 billion for the 65% stake, along with repaying $1.3 billion worth of MRO debt. AAR expects to fund the transaction, including related expenses, through $2.1 billion of new debt. AAR will have the option to acquire the remaining 35% ownership interest of MRO Holdings within a six-year window following the closing of the transaction. MRO Holdings is a leading global MRO company founded in the 1980s with more than 10,000 employees in the U.S., Colombia, El Salvador and Mexico and 115 lines of airframe maintenance capacity. About 90% of MRO Holdings' $1 billion in projected fiscal 2026 revenue is from sales to U.S. customers. AAR reported for fiscal 2026 - which ended on May 31 - a total of $187.7 million in net income and sales of $3.31 billion. HAECO Americas had $131.1 million in fiscal 2026 sales. AAR said the 65% ownership stake in MRO Holdings "will expand and strengthen its aviation aftermarket platform and create significant additional growth opportunities across the company's core parts, repair and software activities." That includes servicing more European and Middle Eastern airline fleets with routes in the Americas. "Over the last several years, AAR has taken important steps to reshape our portfolio into an integrated Parts, Repair, and Software aviation aftermarket platform," said John Holmes, AAR's chairman, president and chief executive. "Through the acquisition of MRO Holdings, we will create the largest heavy maintenance MRO in the world, servicing a combined total of nearly 3,000 aircraft per year in our hangars." Holmes added that AAR "will have a much larger channel for new and existing OEM distribution relationships, and we will have additional avenues for data collection supporting our software business." AAR expects to generate $75 million of run-rate cost savings from the acquisition. "The acquisition further strengthens our ability to generate above-market sales growth," Holmes said. "The cash generated by the combination of AAR and MRO Holdings will be substantial, allowing the company to quickly de-lever and retain future financial flexibility." Roberto Kriete, MRO's chairman, said that by "combining our technical expertise and customer relationships with AAR's broader aftermarket capabilities, it will strengthen our value proposition and support continued investment in our people, capabilities, and facilities." Truist Securities analyst Alexandra Mandery said in July that AAR appears ahead of schedule in integrating HAECO Americas' operations by early 2027. The HAECO Americas purchase was part of a fiscal 2026 commitment to "expand both our capabilities and footprint in Repair & Engineering," Holmes said. HAECO Americas focuses primarily on commercial passenger aircraft with American and Southwest airlines among its customers. HAECO also installs and maintains interior cabin equipment. HAECO Americas operations are now part of AAR's Airframe MRO network within its Repair & Engineering segment. The HAECO Americas facilities will operate under AAR branding. However, AAR said in a December statement that "prior to AAR's acquisition of HAECO Americas, four maintenance lines were scaled back at the facilities." "To right size the workforce for the current workload, we made the difficult decision to separate some employees and contractors from the company." In December, AAR announced plans to pay $35 million for Aircraft Reconfig Technologies, which operates from 8010 Piedmont Triad Parkway in Greensboro with about 100 full-time employees. The purchase was completed in April. Aircraft Reconfig specializes in passenger aircraft reconfiguration for global airlines, including Air India, Air New Zealand, Alaska, American, Iberia, Sun Country and Swiss. It also offers project management, engineering and certification for aircraft interior reconfigurations. 336-727-7376
AAR to acquire 65% of MRO Holdings in $4 billion deal. AAR has agreed to acquire a 65% controlling interest in MRO Holdings at an implied enterprise value of $4 billion, significantly expanding its aircraft maintenance business and creating what it expects will be the world's largest heavy maintenance MRO operation. AAR will initially pay approximately $1.8 billion for the equity stake and repay about $1.3 billion of MRO Holdings' existing debt. The transaction is expected to close during AAR's fiscal third quarter ending February 2027, subject to regulatory approvals and customary closing conditions. MRO Holdings operates 115 airframe maintenance lines across facilities in the US, El Salvador, Mexico and Colombia, employing approximately 10,000 people. The company is expected to generate about $1 billion in revenue and $285 million in adjusted EBITDA in 2026, with roughly 90% of revenue coming from US customers. Combined, AAR and MRO Holdings expect to perform heavy maintenance on nearly 3,000 aircraft annually. AAR plans to use the additional scale to expand component repair, parts distribution and software activities while pursuing further growth in widebody maintenance and business from European and Middle Eastern operators. AAR expects approximately $75 million in annual run-rate cost synergies within three to four years. The acquisition would increase its pro forma adjusted EBITDA margin from approximately 12% to 16% before synergies, with the company targeting a 19% to 20% margin within three to four years. The transaction will be funded with approximately $2.1 billion of new debt, $780 million of AAR shares issued to existing MRO Holdings shareholders at $135 per share, and about $230 million from a PIPE investment led by The Pritzker Organization and other institutional investors. AAR will retain options to acquire the remaining 35% of MRO Holdings. It can purchase 5% at any point during the first six years following closing, while the remaining 30% can be acquired in three 10% tranches on the second, third and fourth anniversaries of the initial transaction. Following completion, AAR will control MRO Holdings' board and fully consolidate the company into its financial results. MRO Holdings' existing shareholders, including Bain Capital, will retain minority ownership through the transaction.
AAR Corp. agreed to purchase a 65% stake in MRO Holdings, a privately held aircraft-maintenance company, for $1.8 billion. MRO Holdings is backed by investors including financial sponsor Bain Capital, according to the Wall Street Journal. The acquisition will give AAR a majority interest in the maintenance, repair, and operations company. The deal represents a significant investment in the aircraft maintenance sector for AAR.
AAR (NYSE:AIR) releases earnings results, beats estimates by $0.19 EPS. September 28, 2026 Key points. * AAR reported quarterly EPS of $1.49, beating analysts' consensus estimate of $1.30 by $0.19. The company posted a 12.67% return on equity and a 5.67% net margin. * AAR shares fell 0.5% to $115.58 during Monday trading, with the stock valued at approximately $4.61 billion and trading at a price-to-earnings ratio of 23.93. * Analyst sentiment remains positive, with a consensus "Moderate Buy" rating and an average price target of $139.60; Jefferies recently raised its target to $155. * Five stocks to consider instead of AAR. AAR (NYSE:AIR - Get Free Report) announced its quarterly earnings data on Monday. The aerospace company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.30 by $0.19, Zacks reports. AAR had a return on equity of 12.67% and a net margin of 5.67%. AAR trading down 0.5%. Shares of AIR stock traded down $0.53 during trading hours on Monday, reaching $115.58. 566,527 shares of the stock were exchanged, compared to its average volume of 465,359. AAR has a 12-month low of $76.10 and a 12-month high of $154.00. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 23.93 and a beta of 1.11. The company's 50-day moving average price is $132.55 and its 200-day moving average price is $123.80. The company has a current ratio of 2.84, a quick ratio of 1.24 and a debt-to-equity ratio of 0.52. Wall Street analysts forecast growth. AIR has been the topic of a number of recent research reports. Jefferies Financial Group raised their price objective on AAR from $150.00 to $155.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Zacks Research raised shares of AAR from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 10th. Weiss Ratings cut shares of AAR from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday. Royal Bank Of Canada reiterated an "outperform" rating and set a $145.00 target price on shares of AAR in a report on Monday. Finally, KeyCorp reissued a "sector weight" rating on shares of AAR in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $139.60. About AAR. AAR Corp. is a global provider of aviation services supporting commercial aviation, government and defense customers. The company supplies aircraft parts and equipment, manages inventory and logistics, and provides maintenance, repair and overhaul services for aircraft and components. Discover more Stock Screener Tool Market Data Access AAR's offerings include parts distribution, supply-chain management, aircraft maintenance, airframe and component repair, and mobility solutions for government and defense operators. Its services are designed to help airlines, aircraft operators and government agencies maintain fleet readiness and manage aviation assets. Founded in 1955, AAR is headquartered in Wood Dale, Illinois, and serves customers across North America, Europe, Asia and other international markets. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider AAR, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AAR wasn't on the list. While AAR currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. The space race is growing fast, and you don't have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important. Continue following MarketBeat