AAR CORP.

Type	Public (NYSE: AIR)
Founded	1951
Founder(s)	Ira A. Eichner
Headquarters	Wood Dale, IL, USA
Area served	Worldwide
Key people	David P. Storch (Chairman) & (CEO)
Industry	Aviation
Products	aircraft parts supply and repair; aircraft maintenance and storage; cargo systems; aircraft sales and leasing; defense systems logistics
Revenue	▲ US$ 1.384 billion (2008)
Operating income	▲ US$ 134.31 million (2008)
Net income	▲ US$ 75.14 million (2008)
Total assets	▲ US$ 1.362 billion (2008)
Total equity	▲ US$ 585.25 million (2008)
Employees	5,400 (2008)
Website	AARcorp.com

AAR CORP. NYSE: AIR is an aviation support company. Founded in 1951, AAR provides a broad range of products and services to commercial airlines, defense organizations and OEM's.

Main Businesses and Customers

AAR supports a diverese group of customers around the world, including major, regional and government fleet operators, original equipment manufacturers and government/defense agencies with products and services in four major areas:

Aviation Supply Chain

AAR’s Aviation Supply Chain Group provides part-related services.

Maintenance, Repair & Overhaul

AAR’s MRO segment performs a full range of maintenance services. They operate MRO facilities in Hot Springs, Arkansas, Indianapolis, Indiana, Miami, Florida and Oklahoma City, Oklahoma; Landing Gear Services facilities in Miami, Florida, and Kuala Lumpur, Malaysia; and an aircraft storage and maintenance facility in Roswell, New Mexico.

Structures & Systems

AAR’s Structures and Systems segment specializes in the design and manufacture of products for commercial and defense customers around the world. U.S. defense forces and their allies use AAR for a wide range of products that include custom pallets, containers, shelters, integrated communications systems, in-aircraft cargo systems and precision manufactured structures and systems, while commercial operators and OEMs use AAR cargo systems and advanced composite structures.

Aircraft Sales & Leasing

AAR’s Aircraft Sales and Leasing team are buy and sell a broad range of aircraft. They also provide technical services, including aircraft evaluation, lease return condition analysis, aircraft and engine records audits, aircraft preparation and storage, and asset management.

Locations and Employees

AAR is headquartered in Wood Dale, Illinois, a Chicago suburb near O'Hare International Airport and employs over 6,100 people at more than 60 locations around the world.

[edit] Subcontracting

In 2009, AAR contracted with SriLankan Engineering, a company in Sri Lanka, to disassemble an obsolete Airbus A320 formerly on lease to SriLankan so as to salvage parts from the aircraft.^[1]

[edit] References