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AAR Corporation (AIR)

- NYSE
  • Thu, Mar. 26, 10:54 AM
    • TransDigm (TDG -0.2%) has completed its purchase of the Telair Cargo Group, an aerospace cargo handling business, from AAR (AIR), for ~$725M in cash.
    • The company financed the acquisition through a combination of existing cash on hand and borrowing of $75M under its existing revolving credit facility.
    • Previously: TransDigm to acquire Telair Cargo Group (Feb. 23 2015)
    | Thu, Mar. 26, 10:54 AM | Comment!
  • 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%.
    | Mon, Feb. 23, 8:40 AM | Comment!
  • 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)
    | Oct. 21, 2011, 12:10 PM | Comment!
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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 and repair of transportation pallets.