AAR

AAR Overview

Company Headquarters: Illinois, US

Founded: 1955

Workforce: ~5,000

Company Working: AAR caters to the government, defense, and commercial markets globally. The company operates through two segments, namely, aviation services and expeditionary services. As part of its aviation services segment, AAR provides aftermarket support and services, MRO services, engineering services, inventory management, and other overhaul services. Under its expeditionary services segment, the company designs, develops, and repairs containers and transportation pallets. It also develops composite materials for business, commercial, and military aircrafts and provides design and integration services for command and control systems.

AAR has a global presence and operates through offices in the UK, China, Singapore, Brazil, and the UAE.

Strategy

AAR aims at enhancing its market position and capture a greater share of the aircraft aftermarket parts market in Asia-Pacific by developing advanced MRO facilities in countries such as India. The company is focused on developing MRO facilities through joint ventures with various aviation companies in the region. The company is involved in the betterment of the supply chain, quality process management, delivery management, and performance management processes.

Company Snapshot

$1,525.4M

Revenue

5,000

Employees

1955

Founded

Illinois, US

Headquarters

SWOT Analysis

Strengths

Strong presence in North America
High expenses on building MRO capabilities to provide solution across 43 aircraft types
Extensive industry experience
Increasing contracts with US army
Strong R&D capability

Weaknesses

Largely dependent on government contracts
Dependence on the domestic market

Opportunities

Growing investments in MRO services in developing nations
Mergers with and acquisitions of key players in the global market

Threats

Stringent emission standards, such as Uniform National Discharge Standards (UNDS)
Stringent environmental regulations

Key Developments

Date	Approach	Development
May 2018	Partnership	Héroux-Devtek signed a landing gear remanufacturing contract with AAR Corporation in Support of the US Air Force.
August 2017	Contract	AAR Corporation signed a contract with the US Air Force to provide MRO services to its aircraft fleet.
March 2017	Contract	AAR Corporation signed a contract with IndiGo Airlines to provide MRO services for landing gear overhaul services.
October 2021	Contract	AAR signed an agreement with flydubai to renew its power-by-the-hour (PBH) component pool and repair support for the airline´s Next-Generation (NG) Boeing 737 fleet.
December 2020	Contract	AAR was awarded a USD 148.35 million firm-fixed-price, indefinite-delivery/indefinite-quantity follow-on contract with Naval Air Systems Command. This expanded contract provides contractor logistics support required for operating and maintaining the C-40A aircraft, aircraft subsystems, appliances and support equipment, including depot-level, main operating base and supply support.
January 2019	Contract	AAR signed a seven-year contract with the Danish Defence Acquisition and Logistics Organisation (DALO) to provide MRO services for Pratt & Whitney F100-220 engine components.
November 2018	Contract	AAR signed a five-year contract worth USD 51 million with the US Marshals Service (USMS) to provide maintenance and logistics support services for the Boeing 737 series aircrafts.

Product Offering

AAR Corporation
- Landing Gear MRO Service
- Global Aircraft Aftermarket Parts Market

Financial Performance

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