April 11, 2000
Honeywell Selects AAR as Sole Distributor of Hydro Mechanical Unit For CFM56-7 Engine
WOOD DALE, Ill., /PRNewswire/ -- AAR CORP. (NYSE: AIR) announced today that Honeywell (NYSE: HON) has selected the Company's Allen Aircraft unit to be the sole distributor of Honeywell's Hydro Mechanical Unit (HMU) for the CFM56-7 engine.
The HMU regulates the amount of fuel delivered to the engine as required during engine operation and is manufactured by Honeywell for the CFM56-7 engine. The CFM56-7 engine powers Boeing's 737 "next generation" aircraft. There are currently approximately 480 of these 737s in service with an additional 887 next generation 737s on order.
"We are excited about the opportunity this agreement brings to AAR and are pleased that Honeywell selected us as the sole distributor of this product," said David P. Storch, AAR President and Chief Executive Officer. "Our involvement in this new product line demonstrates our ability to move quickly into support of newer generation aircraft."
"AAR Allen Aircraft's worldwide networking, distribution and logistics abilities make them the ideal distributor of this unit," said John Jacko, Director, Customer Business for Honeywell's Engines, Systems and Accessories unit.
Under the multi-year contract, AAR Allen Aircraft will be responsible for the sale of spare units, equipment leasing, unit exchanges and AOG service related to the HMU for the CFM56-7 engine. AAR Allen Aircraft and Honeywell will jointly develop marketing strategies. Financial terms of the agreement were not disclosed.
AAR CORP. (NYSE: AIR) is the preeminent provider of products and value-added services to the worldwide aerospace/aviation industry. Products and services include proprietary inventory management and logistic support services, encompassing supply, repair and manufacture of spare parts and systems. Headquartered in Wood Dale, Illinois, AAR serves commercial and government aircraft fleet operators and independent service customers throughout the world. Further information can be found at www.aarcorp.com .
Honeywell is a US$24-billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; power generation systems; specialty chemicals; fibers; plastics; and electronic and advanced materials. The company is a leading provider of software and solutions, and Internet e-hubs. Honeywell employs approximately 120,000 people in 95 countries and is traded on the New York Stock Exchange under the symbol HON, as well as on the London, Chicago and Pacific stock exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index. Additional information on the company is available on the Internet at www.honeywell.com .
This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts. SOURCE AAR CORP.
CONTACT: Dawn Kaiser of AAR Corp., Investor Relations, 630-227-2098, or e-mail, dkaiser@aarcorp.com
Related news
See all
October 15, 2025
AAR named an aerospace authorized service center for Europe, Middle East, and Africa by Eaton
Wood Dale, Illinois – AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, and Eaton today signed an agreement for AAR to become an authorized service center for Eaton’s commercial aerospace customers across Europe, the Middle East, and Africa (EMEA).
September 30, 2025
AAR announces public offering of 3,000,000 shares of common stock
Wood Dale, Illinois — AAR CORP. (“AAR” or the “Company”) (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that it has commenced an underwritten registered public offering of 3,000,000 shares of its common stock. In addition, the Company intends to grant the underwriters a 30-day option to purchase up to an additional 450,000 shares of the Company’s common stock at the public offering price, less underwriting discounts and commissions.
September 30, 2025
AAR announces pricing of public offering of 3,000,000 shares of common stock
Wood Dale, Illinois – AAR CORP. (“AAR” or the “Company”) (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today the pricing of an underwritten registered public offering of 3,000,000 shares of its common stock at a public offering price of $83.00 per share. The underwriters have a 30-day option to purchase up to an additional 450,000 shares from the Company at the public offering price. The Company estimates that the net proceeds from the offering, after deducting the underwriting discounts and commissions, will be approximately $239.0 million, or $274.9 million if the underwriters exercise their option to purchase additional shares in full. The shares are expected to be delivered on or about October 2, 2025, subject to customary closing conditions.
