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Stock impact report

AAR (AIR) Unit Secures $159.7M Contract With Air Force [Yahoo! Finance]

AAR Corp. (AIR) 
Last aar corp. earnings: 3/24 04:05 pm Check Earnings Report
US:NYSE Investor Relations: aarcorp.gcs-web.com/investor-overview
Company Research Source: Yahoo! Finance
AAR Corp. (NYSE: AIR ) is among the 10 best non-tech stocks to buy and hold for 5 years . On March 9, AAR Corp. (NYSE:AIR) unit AAR Manufacturing LLC said that it secured a $159.78 million contract from the U.S. Department of War to repair cargo pallets. According to the announcement from the Air Force Life Cycle Management Center, the contract covers the department's 463L legacy cargo pallet system, a standard cargo handling system used by the U.S. Air Force for air transport operations. The firm-fixed-price, indefinite-delivery requirements contract covers repair services for the 463L Legacy Cargo Pallet system. Work will be carried out at AAR Corp. (NYSE:AIR)'s facility in Cadillac, Michigan, with completion expected by March 5, 2031. The contract was awarded as a sole-source acquisition, with no funds obligated at the time of award. Meanwhile, on March 6, Truist raised its price target on AAR Corp. (NYSE:AIR) to $128 from $107 and kept a Buy rating on the shares. The company' Show less Read more
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