AAR Signs Component Repair, License & Parts Supply Agreements with Honeywell
Long-term contract makes AAR a Channel Partner & builds on existing partnership
WOOD DALE, Illinois, April 3, 2018 - AAR (NYSE: AIR), a global leader in aviation services, has signed a long-term Repair and Overhaul License agreement along with a Parts Supply agreement with Honeywell Aerospace. AAR will be providing repairs of over 1,800 Honeywell base part number and line replacements unit (LRU) repair items in AAR’s New York and Amsterdam component repair shops.
To support those component repairs, AAR will source over 4,000 material supply piece part items from Honeywell who will also provide repair and overhaul of LRUs to support AAR’s growing flight-hour component support programs for airline fleets worldwide. The agreement covers various platforms including pneumatics, hydraulics, and power generation for Boeing, Airbus and regional commercial fleet types. These combined agreements make AAR a long-term Channel Partner to help grow and maintain the Honeywell products throughout the globe.
“This is the latest step in AAR’s focus on continuous improvement to drive more predictable maintenance while gaining the highest on-wing reliability for our airline customers,” said Ken Hein, Senior Vice President of Operations, AAR. “We partner with Honeywell in many of our aviation service businesses, and this agreement will build on that strong relationship.”
About AAR
AAR is a global aftermarket solutions company that employs more than 6,000 people in over 20 countries. Based in Wood Dale, Illinois, AAR supports commercial aviation and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; engineering services and component repair. AAR’s Expeditionary Services include airlift operations; mobility systems; and command and control centers in support of military and humanitarian missions. More information can be found at www.aarcorp.com.
Media contact: Daniela Pietsch, Vice President Corporate Marketing & Communications, at editor@aarcorp.com or +1 630-227-5100.
This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, including those factors discussed under Item 1A, entitled “Risk Factors”, included in the Company’s Form 10-K for the fiscal year ended May 31, 2018. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond the Company’s control. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. For additional information, see the comments included in AAR’s filings with the Securities and Exchange Commission.
Related news
See allApril 03, 2025
AAR completes sale of Landing Gear Overhaul business
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that it has completed the divestiture of its non-core Landing Gear Overhaul business to GA Telesis for $51 million.
April 02, 2025
AAR named Top Shop for Best Total Solutions Provider Repair by The145.com
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, is proud to announce it has been named a Top Shop for Best Total Solutions Provider Repair by The145.com. Top Shop awards are presented to maintenance, repair, and overhaul facilities that strive to consistently deliver unmatched quality and seamless customer support. The Best Total Solutions Provider Repair is awarded to the company that offers the best full suite of comprehensive, high-quality solutions and nose-to-tail life cycle services for its customers’ specific needs.
March 31, 2025
AAR earns Great Place To Work Certification
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced it has been Certified™ by Great Place To Work®. The prestigious award is based entirely on what current employees say about their experience. At AAR, 72% of employees said it’s a great place To Work – 15 points higher than the average U.S. company.