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AAR

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AAR - Aerospace showcase

Year Founded & Workforce

1955

5,000 Employees

Industry

Aerospace

Services

Landing Gear MRO ServiceGlobal Aircraft Aftermarket Parts Market
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AAR Employee Contacts

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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

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Key Developments

DateApproachDevelopment
May 2018PartnershipHéroux-Devtek signed a landing gear remanufacturing contract with AAR Corporation in Support of the US Air Force.
August 2017ContractAAR Corporation signed a contract with the US Air Force to provide MRO services to its aircraft fleet.
March 2017ContractAAR Corporation signed a contract with IndiGo Airlines to provide MRO services for landing gear overhaul services.
October 2021ContractAAR 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 2020ContractAAR 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 2019ContractAAR 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 2018ContractAAR 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

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 1,748.3 Mn in 2018 to USD 2,072 Mn in 2020.
AAR — By Business Segment
Series (USD Mn)201820192020
Sales1,748.32,051.82,072

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