TRIUMPH COMPLETES SALE OF PRODUCT SUPPORT BUSINESS TO AAR [Yahoo! Finance]
AAR Corp. (AIR)
Last aar corp. earnings: 3/24 04:05 pm
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US:NYSE Investor Relations:
aarcorp.gcs-web.com/investor-overview
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Source: Yahoo! Finance
of its Product Support business to AAR CORP. (NYSE: AIR). The transaction is valued at $725 million , and the net after-tax proceeds are expected to be approximately $700 million , which will primarily be used for debt reduction. The Product Support business is an industry leader in the Maintenance, Repair and Overhaul (MRO) of structures and airframe and engine accessories, servicing both the commercial and military aftermarkets across five primary locations. "We are pleased to complete this transformative divestiture which delivers immediate and substantial value to TRIUMPH and our stakeholders. This transaction enables TRIUMPH to greatly accelerate our deleveraging progress while placing our third-party Product Support business with a market-leading MRO company that has a proven track record of customer support," said Dan Crowley TRIUMPH's chairman, president, and chief executive officer. "By strengthening our balance sheet and focusing on our OEM component, spares and IP-based
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AIR
News
- Global Commercial Aircraft Aftermarket Parts Market Projected to Reach US$ 69.5 Billion by 2032, Driven by Travel Demand, Aircraft Leasing, and Stringent Aviation Regulations [Yahoo! Finance]Yahoo! Finance
- AAR Corp. (NYSE: AIR) had its price target raised by analysts at Benchmark Co. from $65.00 to $83.00. They now have a "buy" rating on the stock.MarketBeat
- AAR signs extension and expansion of V2500 engine component distribution agreement with Sumitomo Precision Products [Yahoo! Finance]Yahoo! Finance
- AAR signs extension and expansion of V2500 engine component distribution agreement with Sumitomo Precision ProductsPR Newswire
- AAR awarded Supplier of the Year by Atlas Air Worldwide [Yahoo! Finance]Yahoo! Finance
AIR
Earnings
- 3/21/24 - Beat
AIR
Sec Filings
- 4/11/24 - Form 4
- 4/9/24 - Form 144
- 4/4/24 - Form 4
- AIR's page on the SEC website