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AAR Corporation (AIR)

  • Mon, Feb. 23, 8:40 AM
    • TransDigm (NYSE:TDG) has agreed to purchase the Telair Cargo Group, an aerospace cargo handling business, from AAR (NYSE:AIR), for approximately $725M in cash.
    • For the fiscal year ending May 2015, Telair revenues are anticipated to be about $300M with EBITDA margins approaching 20%.
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  • Oct. 21, 2011, 12:10 PM
    Aircraft leasing and maintenance company AAR Corp. (AIR +6.1%) agrees to acquire Teleflex's (TFX +3.8%) cargo systems and container aerospace businesses for $280M, bolstering AAR's commercial manufacturing. (PR)
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Company Description
AAR Corp along with its subsidiaries is engaged in providing products & services including overhaul, repair & engineering services to aviation & government & defense markets. It is also engaged in design, manufacture, & repair of transportation pallets.