AAR completes sale of Landing Gear Overhaul business

PR Newswire

WOOD DALE, Ill., April 3, 2025

WOOD DALE, Ill., April 3, 2025 /PRNewswire/ -- AAR CORP. $(AIR)$, a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that it has completed the divestiture of its non-core Landing Gear Overhaul business to GA Telesis for $51 million.

On December 20, 2024, AAR announced it had entered into a definitive agreement to divest the business as part of the Company's strategic plan to optimize its portfolio by investing in core functions that will accelerate its targeted growth and margin expansion initiatives.

"The divestiture of our Landing Gear Overhaul business is another step to enhance our portfolio and focus on growing our core aviation aftermarket services," said John M. Holmes, AAR's Chairman, President and CEO. "I want to thank our Landing Gear team for their many contributions to AAR over the years and wish them and GA Telesis success in the future."

For more information on AAR, visit aarcorp.com.

About AAR

AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. Additional information can be found at aarcorp.com.

About GA Telesis

GA Telesis, a global leader in aerospace solutions, is renowned for its unmatched excellence in aftermarket services and lifecycle management. The GA Telesis Ecosystem$(TM)$ is a vast global network spanning 54 locations in 30 countries on six continents. The company's integrated solutions include parts and distribution services, logistics solutions, inventory management, leasing and financing, engine overhaul, and MRO services. GA Telesis is committed to sustainability through innovative sustainability initiatives and advanced technologies, including digital transformation, and using advanced materials. The company's aerospace systems and connected aircraft technologies drive efficiency and performance, while its MRO network and 24/7 AOG support provide unparalleled reliability.

 
This press release contains certain statements relating to future business 
opportunities and conditions, as well as anticipated benefits of the 
divestiture by AAR CORP. (the "Company") of the Company's Landing Gear 
Overhaul business (the "Divestiture"). Such statements are forward-looking 
statements as that term is defined in the Private Securities Litigation Reform 
Act of 1995 and reflect management's expectations about future conditions. 
Forward-looking statements may also be identified because they contain words 
such as "anticipate," "believe," "continue," "could," "estimate," "expect," 
"intend," "likely," "may," "might," "plan," "potential," "predict," "project," 
"seek," "should," "target," "will," "would," or similar expressions and the 
negatives of those terms. Factors that may cause actual results to differ 
materially from current expectations include, among others, risks associated 
with the Company's ability to realize the anticipated benefits of the 
Divestiture as rapidly or to the extent anticipated; the effect of the 
Divestiture on the Company's operating results and business generally; and 
other factors that could affect the Company's business, results of operations 
and financial condition. 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. For a discussion of these and 
other risks and uncertainties, refer to "Risk Factors" in the Company's most 
recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 
10-Q, as well as the Company's other subsequent filings with the Securities 
and Exchange Commission. Should one or more of these risks or uncertainties 
materialize adversely, or should underlying assumptions or estimates prove 
incorrect, actual results may vary materially from those described and the 
anticipated benefits of the Divestiture may not be realized. These events and 
uncertainties are difficult or impossible to predict accurately and many are 
beyond the Company's control. The Company cautions readers not to place undue 
reliance upon any such forward-looking statements, which speak only as of the 
date made. The Company assumes no obligation to update any forward-looking 
statements to reflect events or circumstances after the date of such 
statements or to reflect the occurrence of anticipated or unanticipated 
events, except as required by law. 
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Contact:

Media Team

+1-630-227-5100

Editor@aarcorp.com

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SOURCE AAR CORP.

(END) Dow Jones Newswires

April 03, 2025 16:05 ET (20:05 GMT)