Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

AAR Corp Add to portfolio

NYA:AIR, Jan 21, 04:58 UTC

Latest NYA:AIR News

Filter your feed

Apply Filter

Friday, January 18


News

AAR Awarded 7-Year Engine MRO Contract for the Royal Danish Air Force

AIR

Wood Dale, Ill., Jan. 17, 2019 /PRNewswire/ -- AAR (NYSE: AIR), an independent provider of global aftermarket aviation services, has been awarded a seven-year contract by the Danish Defence Acquisition and Logistics Organisation (DALO) to perform maintenance, repair and overhaul of Pratt & Whitney F100-220 engine components on the General Dynamics F-16 for the Royal Danish Air Force (RDAF). "AAR delivers tailored services and capabilities based on commercial best practices that result in quality work and cost savings for the customer." AAR's MRO Services Component Repair Amsterdam facility has been supporting European Participating Air Forces (EPAF) as either a prime or a subcontractor performing repair management, component maintenance, supply chain and depot services for more than three decades. The organization procures, maintains, develops and disposes materiel capacities and ensures provisions in due time for the Danish Defence operations.

Read Full Details

Topics:
  • Business
  • Financial

Thursday, January 17


News

AAR Awarded 7-Year Engine MRO Contract for the Royal Danish Air Force

AIR

WOOD DALE, Ill., Jan. 17, 2019 /PRNewswire/ -- AAR (AIR), an independent provider of global aftermarket aviation services, has been awarded a seven-year contract by the Danish Defence Acquisition and Logistics Organisation (DALO) to perform maintenance, repair and overhaul of Pratt & Whitney F100-220 engine components on the General Dynamics F-16 for the Royal Danish Air Force (RDAF). "AAR delivers tailored services and capabilities based on commercial best practices that result in quality work and cost savings for the customer." AAR's MRO Services Component Repair Amsterdam facility has been supporting European Participating Air Forces (EPAF) as either a prime or a subcontractor performing repair management, component maintenance, supply chain and depot services for more than three decades. The organization procures, maintains, develops and disposes materiel capacities and ensures provisions in due time for the Danish Defence operations.DALO's yearly budget is approximately 7 billion DKK.

Read Full Details

Topics:
  • Business
  • Financial
News

Why Is AAR (AIR) Down 6.1% Since Last Earnings Report?

AIR

It has been about a month since the last earnings report for AAR (AIR). Will the recent negative trend continue leading up to its next earnings release, or is AAR due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Financial Condition. As of Nov 30, 2018, AAR Corp’s cash and cash equivalents amounted to $25.7 million compared with $31.1 million as of May 31, 2018. As of Nov 30, 2018, net property, plant and equipment expenses were $133.4 million compared with $133.2 million as of May 31, 2018. As of Nov 30, 2018, total debt increased to $220.3 million from $178.9 million as of May 31, 2018. How Have Estimates Been Moving Since Then?

Read Full Details

Topics:
  • Business
  • Financial

Wednesday, January 16


Social Chatter
News

AAR Announces Cash Dividend

AIR

WOOD DALE, Ill., Jan. 16, 2019 /PRNewswire/ -- AAR CORP. (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 February 8, 2019 to stockholders of record as of the close of business on January 28, 2019. AAR is a global aerospace and defense aftermarket solutions company that employs more than 6,000 people in over 20 countries. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, including those factors discussed under Item 1A, entitled "Risk Factors", included in the Company's Form 10-K for the fiscal year ended May 31, 2018.

Read Full Details

Topics:
  • Business
  • Financial

Tuesday, January 15


News

AAR's New Partnership with Rock Valley College to Enhance Aviation Maintenance Instruction and Students' Career Prospects

AIR

ROCKFORD, Ill., Jan. 15, 2019 /PRNewswire/ -- AAR (AIR), a global provider of aviation services, and Rock Valley College today announced expansion of their unique aviation maintenance education and training partnership to further enhance instruction, students' job experiences and their career prospects at AAR upon graduation. Rock Valley College leaders joined AAR's Ryan Goertzen, Vice President of Aviation Workforce Development, on Tuesday for the official announcement at the college's Aviation Career Education Center, located at Chicago-Rockford International Airport. AAR and Rock Valley collaborated in 2016 to stand up a 40,000-square-foot wide-body MRO facility at the airport. Rock Valley College is a comprehensive two-year community college in Rockford, Illinois, offering more than 100 courses for transfer, career programs and certificates.

Read Full Details

Topics:
  • Business
  • Education
  • Financial
  • Science

Friday, January 11


News

AAR (AIR) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

AIR

AAR (AIR) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS – Modern Readers. The aerospace company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02, Fidelity Earnings reports. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.59 and a current ratio of 3.02. Credit Suisse Group increased their price objective on AAR from $51.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, September 28th.

Read Full Details

Topics:
  • Business
  • Financial

Thursday, January 03


News

AAR Names Sean Gillen Chief Financial Officer

AIR

WOOD DALE, Ill., Jan. 3, 2019 /PRNewswire/ -- AAR (AIR) today announced that its Board of Directors has appointed Sean Gillen as Vice President and Chief Financial Officer, effective January 7, 2019. Mr. Gillen will succeed Michael Milligan and will report to President and Chief Executive Officer John Holmes. Mr. Gillen joins AAR from USG Corporation, a construction materials company based in Chicago with annual net sales of $3.2 billion, where he served as Vice President and Treasurer. Sean is a strong and principled strategic thinker and will play a major role in helping us drive our business growth strategy." Mr. Holmes also thanked Mr. Milligan for his service, noting that: "Mike was a steady hand who contributed to AAR's continued financial strength during his tenure as CFO. It has been a pleasure to work with Mike." Mr. Gillen said, "I am very excited to join AAR, a dynamic organization with a strong track record and tremendous future. I look forward to working together with John and the management team to continue to deliver superior results for AAR's customers, employees and shareholders."

Read Full Details

Topics:
  • Business
  • Financial
News

AAR (AIR) Releases Earnings Results, Beats Estimates By $0.02 EPS

AIR

AAR (AIR) Releases Earnings Results, Beats Estimates By $0.02 EPS – Modern Readers. The aerospace company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02, Fidelity Earnings reports. In other AAR news, Director David P. Storch sold 22,570 shares of the firm’s stock in a transaction that occurred on Monday, October 15th. Finally, SunTrust Banks downgraded AAR from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $50.00 to $47.00 in a research report on Tuesday, September 11th.

Read Full Details

Topics:
  • Business
  • Financial

Monday, December 31


News

New Research: Key Drivers of Growth for Trimble, Maxar Technologies, MagnaChip Semiconductor, Palo Alto Networks, AAR, and Axsome Therapeutics — Factors of Influence, Major Initiatives and Sustained Production

AIR

The new research reports from Fundamental Markets, available for free download at the links above, examine Trimble Inc. (TRMB), Maxar Technologies Ltd. (MAXR), MagnaChip Semiconductor Corporation (MX), Palo Alto Networks, Inc. (PANW), AAR Corp. (AIR), and Axsome Therapeutics, Inc. (AXSM) on a fundamental level and outlines the overall demand for their products and services in addition to an in-depth review of the business strategy, management discussion, and overall direction going forward. Please download the entire research report, free of charge, to ensure you are reading all relevant material information. Trimble's Recent Financial Performance. For the three months ended September 30th, 2018 vs September 30th, 2017, Trimble reported revenue of $795.20MM vs $676.20MM (up 17.60%) and analysts estimated basic earnings per share $0.29 vs $0.23 (up 26.09%). For the twelve months ended December 31st, 2017 vs December 31st, 2016, Trimble reported revenue of $2,654.20MM vs $2,362.20MM (up 12.36%) and analysts estimated basic earnings per share $0.48 vs $0.53 (down 9.43%). Fundamental Markets' roster boasts decades of financial experience and includes top financial writers, FINRA® BrokerCheck® certified professionals with current and valid CRD® number designations, as well as Chartered Financial Analyst® (CFA®) designation holders, to ensure up to date factual information for active readers on the topics they care about.

Read Full Details

Topics:
  • Business
  • Financial