After a dismal fiscal 3rd quarter performance from AAR Corp. (NYSE:AIR), the question was whether it was related to the cyclical nature of the aerospace industry or it was company specific. The answer to that question is it is the consequence of both; although I see its performance more of the influence than the industry.
Both segments AAR operates in - Aviation and Technology - underperformed in the quarter, with sales down for each.
Especially weak within the Aviation unit was its sub-segment MRO or maintenance, repair, and overhaul, which provides overhaul and inspection of airframes, line maintenance and structural repair, among other services. Overall sales fell by over $24.3 million. That was led by Engineering Services, which...
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