- AAR Corp. (NYSE:AIR) discloses the U.S. Department of Justice is conducting an investigation of the company's Airlift unit under the federal civil False Claims Act.
- AAR says the probe involves Airlift's performance of contracts awarded by the U.S. Transportation Command regarding operation and maintenance of rotary-wing and fixed-wing aircraft in Afghanistan and Africa, as well as several U.S. Navy contracts.
- The DoJ has told AAR that part of the investigation was prompted by a lawsuit filed by a former Airlift employee.
- Earlier: AAR Corp. -9% after earnings, but Canaccord sees buying opportunity (July 11)