AAR Corp

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AAR CORP.
TypePublic
NYSE: AIR
S&P 600 component
IndustryAviation
Aerospace & defense
FoundedIncorporated 1955
FounderIra Allen Eichner
HeadquartersWood Dale, Illinois, US
Area served
Worldwide
Key people
John Holmes
(President & CEO)
RevenueUS$ 1.65B (FY 21)[1]
US$ 35.8M (FY 21)[1]
Total assetsUS$ 1.54B (FY 21)[1]
Total equityUS$ 974.4M (FY 21)[1]
Number of employees
4,700 (FY 21)[1]
DivisionsAviation Services; Expeditionary Serives
Websitewww.aarcorp.com

AAR CORP. is a private provider of aviation services.[2]

AAR is headquartered in Wood Dale, Illinois, a Chicago suburb near O'Hare International Airport.[3] The company employs 4,700 people worldwide.[1]

History[]

I.A. Allen Industrial was incorporated in 1955, renamed Allen Aircraft Radio in 1962 and became AAR CORP. in 1969.[4] The company was founded by Ira A. Eichner. Also in 1969, in Oklahoma City, AAR began its aircraft maintenance business. In 1965, AAR expanded to Europe, and opened a Singapore office in 1982.[5]

David P. Storch was CEO from 1996 to 2018. In 2018, John M. Holmes became CEO.[6]


In 2017, AAR was chosen as the prime contractor for 15-year, $909 million landing gear award to provide total supply-chain management to support all U.S. Air Force and contractor requisitions received for all C-130, KC-135 & E-3 landing gear parts.[7]

During the Trump administration, AAR quadrupled its lobbying expenditures.[8] The company spent large sums at Trump-owned properties with the intent to get Trump to view the company more favorably.[8] From the time Trump took office until October 2020, AAR obtained 10 new federal contracts worth a total of $1.35 billion.[8]

In response to the COVID-19 pandemic, AAR began using augmented reality in their warehouses to facilitate socially-distanced communications, as well as to conduct FAA site visits and audits. They are also piloting the use of drones to assist in inspections.[9]

In March 2021, AAR publicly announced the first all-female class of technicians in training at Miami International Airport.[10]

In April 2021, AAR signed a multi-year agreement with United Airlines to provide heavy maintenance services in Rockford, Illinois. AAR plans to add up to 250 more aviation maintenance technician (AMT) jobs at the facility to meet increased demand from United.[11]

AAR is working with Embry-Riddle Aeronautical University in the development of the first maintenance SkillBridge program.[12] AAR has partnered with VIPER (Veteran Internships Providing Employment Readiness) to train veterans for careers in the aviation industry.[13]

See also[]

References[]

  1. ^ a b c d e f "SEC Form 10-K". www.sec.gov.
  2. ^ "AAR Corp Profile". equities.com. Equities.com, Inc. January 17, 2018. Archived from the original on January 17, 2018. Retrieved January 17, 2018.
  3. ^ "Global Locations". AAR Corp website. Retrieved 2021-05-16.
  4. ^ "AAR Corp. History". Funding Universe. January 17, 2018. Archived from the original on January 17, 2018. Retrieved January 17, 2018.
  5. ^ "History Of AAR - 60th Anniversary". Aviation Week Network. Retrieved 2021-03-24.
  6. ^ AAR. "AAR CEO David P. Storch Announces Plans to Retire". www.prnewswire.com. Retrieved 2021-12-24.
  7. ^ "USAF awards $909m landing gear support contract to AAR". Airforce Technology. 2017-03-28. Retrieved 2021-09-20.
  8. ^ a b c Confessore, Nicholas; Yourish, Karen; Eder, Steve; Protess, Ben; Haberman, Maggie; Ashford, Grace; LaForgia, Michael; Vogel, Kenneth P.; Rothfeld, Michael (2020-10-10). "The Swamp That Trump Built". The New York Times. ISSN 0362-4331. Retrieved 2020-10-10.
  9. ^ Canaday}, Henry (2021-03-02). "MROs Still Innovating Despite Pandemic Restraints". Aviation Week. Retrieved 2021-09-20.
  10. ^ Web Staff (2021-03-30). "AAR Aircraft Services introduces First All-Female Class Of Technicians in Training". KCTV5. Retrieved 2021-09-09.
  11. ^ Web Staff (2021-04-22). "Rockford's AAR facility to become United Airlines maintenance hub, 250 jobs coming". 23 WIFR. Retrieved 2021-10-14.
  12. ^ Jaroch, Walker (2020-10-21). "AAR Corp. is celebrating its 65 anniversary by tackling the challenges facing aviation and implementing state of the art technology from drone usage to augmented reality". AviationPros. Retrieved 2021-09-16.
  13. ^ Leval, Dave (2021-09-10). "VIPER teaches veterans job skills, while aiming to help reduce suicides". KTUU, Alaska's News Source. Retrieved 2021-09-16.

External links[]

Coordinates: 41°59′15″N 87°58′55″W / 41.987373°N 87.981812°W / 41.987373; -87.981812

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