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AAR Corp. (NYSE: AIR) will acquire Triumph Product Support from Triumph Group (NYSE: TGI) for $725 million in cash in an effort to scale its repair capabilities and expand its customer base and global footprint. Wood Dale, Illinois-based aerospace and defense aftermarket provider said Thursday Triumph Product Support services critical aircraft compo...
The State Department has approved a pair of foreign military sale deals worth potentially $774.2 million combined for the government of Morocco to procure High Mobility Artillery Rocket System launchers and Joint Standoff Weapon systems from the U.S. Morocco asked to buy 18 M142 HIMARS launchers along with 350 pieces of related equipment and support...
AAR (NYSE: AIR) President and CEO John Holmes has officially assumed an additional leadership role as chairman of the board at the global aerospace and defense aftermarket services provider. He succeeds David Storch, who has retired after 18 years in the chairman post, and will be responsible for growth strategies while upholding the corporationR...
John Holmes, president and CEO of AAR Corp., has been appointed to serve as chairman of the board of directors at the aviation services provider. He will succeed David Storch, who has held the chairman role since 2005 and will retire from the board on Jan. 10, 2023, AAR said Wednesday. Holmes initially joined Wood...
John Roth, an aerospace industry veteran, has joined AAR Corp. as vice president of business development for the company’s government services business, according to his LinkedIn post. He most recently served as director of strategy and business development for the Future Programs at Northrop Grumman (NYSE: NOC) and previously held a similar r...
Boeing (NYSE: BA), StandardAero and AAR Corp. (NYSE: AIR) have secured one-year contract modifications worth $412.9M combined to continue providing support services for P-8A Poseidon maritime patrol planes of the U.S. Navy, Australia and other foreign military customers....
Sean Gillen, vice president and treasurer of construction materials company USG, will formally join AAR (NYSE: AIR) on Monday as VP and chief financial officer at the Wood Dale, Ill.-based aviation aftermarket services provider. He will succeed Michael Milligan, who has served as AAR CFO since 2017, and will oversee investor relations, t...
