AAR announces divestiture of non-core Landing Gear Overhaul business to optimize portfolio [Yahoo! Finance]
AAR Corp. (AIR)
Last aar corp. earnings: 3/24 04:05 pm
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Source: Yahoo! Finance
services to commercial and government operators, MROs, and OEMs, announced today that it has entered into a definitive agreement to divest its Landing Gear Overhaul business to GA Telesis. The transaction is valued at $51 million and is expected to close in the first quarter of the 2025 calendar year, subject to customary and regulatory closing conditions. The divestiture will be immediately accretive to margins and earnings. (PRNewsfoto/AAR) The divestiture is part of AAR's strategic plan to optimize its portfolio by investing in core functions that will accelerate its targeted growth and margin expansion initiatives. The transaction with GA Telesis includes AAR's Miami, Florida , based Landing Gear Overhaul business, part of the Company's Repair & Engineering segment, that provides full-service landing gear maintenance, repair, and overhaul services to commercial and government customers. AAR will remain prime contractor for the United States Air Force Landing Gear Performance
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AIR
News
- AAR announces divestiture of non-core Landing Gear Overhaul business to optimize portfolioPR Newswire
- ‘Higher-ups are in our pocket' — An aviation giant with billions in military contracts admits to bribing officials in Nepal and South Africa [Fortune]Fortune
- AAR resolves Foreign Corrupt Practices Act investigations with the DOJ and SEC [Yahoo! Finance]Yahoo! Finance
- AAR resolves Foreign Corrupt Practices Act investigations with the DOJ and SECPR Newswire
- SEC says aerospace firm AAR settles charges over bribing officials [Yahoo! Finance]Yahoo! Finance
AIR
Earnings
- 9/23/24 - Miss
AIR
Sec Filings
- 12/20/24 - Form 8-K
- 12/19/24 - Form 8-K
- 12/2/24 - Form 4
- AIR's page on the SEC website