AAR signs multi-year radome repair agreement with Airbus Avionics

(NYSE:AIR) AAR CORP. has signed a multi-year agreement with Airbus Avionics covering the complete portfolio of Airbus radome repairs. The agreement designates AAR as an Airbus-approved repair station in Asia-Pacific, excluding China, with authorization to perform radome repairs installed on Airbus commercial aircraft. This new agreement builds on AAR's existing proprietary repair capabilities for Airbus structures and components, including sharklets, elevators, rudders, and slats. Leaders from AAR’s Asia-Pacific operations and Airbus Avionics participated in a signing ceremony for the radome repair agreement. Nicholas Gross, AAR's Senior Vice President of Government Programs and Component MRO, stated that AAR values its decade-long relationship with Airbus and is enhancing its capabilities to support the growing fleet in the Asia-Pacific region. Gross also noted that the agreement represents a meaningful expansion of AAR's OEM-approved structure and component repair offering. The agreement strengthens AAR's position as a single-source provider for proprietary repair services across the region. The company aims to deliver added value to customers through this expanded offering. AAR's Component MRO services are part of its Repair, Engineering, and Software segment. AAR operates in over 20 countries and is headquartered in the Chicago area. The company supports commercial and government customers through three primary operating segments: Parts Supply; Repair, Engineering, and Software; and Government Solutions. The agreement with Airbus Avionics is expected to enhance AAR's service portfolio in the Asia-Pacific region. The announcement highlights AAR's ongoing commitment to expanding its OEM-approved repair capabilities. The agreement excludes China from the Asia-Pacific coverage. No financial terms or contract values were disclosed in the announcement.

Clean Air Metals Announces Closing Non-Brokered Private Placement of Flow-Through Shares

(TSXV:AIR) (FSE:CKU) Clean Air Metals Inc. has closed a non-brokered private placement of 2,500,000 flow-through common shares at a price of $0.06 per share, raising aggregate gross proceeds of $150,000. The flow-through shares qualify as "flow-through shares" under subsection 66(15) of the Income Tax Act (Canada). Proceeds from the offering will be used to advance development and exploration activities at the company's Thunder Bay North Critical Minerals Project and for other Canadian exploration expenses that qualify as flow-through mining expenditures. The offering remains subject to final acceptance by the TSX Venture Exchange. All securities issued in the offering are subject to a four month plus one day hold period expiring on February 10, 2027, in accordance with applicable securities legislation and TSXV policies. The securities have not been, nor will they be, registered under the United States Securities Act of 1933 or any state securities laws, and may not be offered or sold in the United States or to U.S. persons without registration or an exemption. Clean Air Metals owns 100% of the Thunder Bay North Critical Minerals Project, located 40 km northeast of Thunder Bay, Ontario, Canada. The project hosts two deposits, the Current and Escape deposits, which are 2.5 km apart. Together, these deposits host a 14.9 Mt indicated mineral resource grading 2.66 g/t (Pt+Pd), 0.40% Cu, and 0.24% Ni, as reported in the NI 43-101 PEA Technical Report dated November 21, 2025. The project is accessible by road, adjacent to established infrastructure, and is considered one of the rare primary platinum resources outside of South Africa. Clean Air Metals maintains longstanding relationships with local First Nations and acknowledges the project is within the area encompassed by the Robinson-Superior Treaty of 1850, including the territories of the Fort William First Nation, Red Rock Indian Band, Biinjitiwaabik Zaaging Anishinabek, and Kiashke Zaaging Anishinaabek. Mike Garbutt is the President and CEO of Clean Air Metals Inc.

Clean Air Metals Announces Non-Brokered Private Placement of Flow-Through Shares

(TSXV:AIR) (FSE:CKU) Clean Air Metals Inc. has announced a non-brokered private placement of up to 2,500,000 flow-through common shares at a price of $0.06 per share, for aggregate gross proceeds of up to $150,000. The flow-through shares will qualify as "flow-through shares" under subsection 66(15) of the Income Tax Act (Canada). Proceeds from the offering will be used to advance development and exploration activities at the company's Thunder Bay North Critical Minerals Project and for other Canadian exploration expenses that qualify as flow-through mining expenditures. The offering is expected to close on or about October 9, 2026, and is subject to approval by the TSX Venture Exchange. All securities issued will be subject to a four month plus one day hold period from the date of issuance in accordance with applicable securities legislation and TSXV policies. CEO Mike Garbutt stated that the financing will allow the company to secure contracted resources to advance exploration at Thunder Bay North in the new year, as the company works towards closing a proposed transaction with Fiore-backed Springbok Ventures. The securities issued have not been and will not be registered under the United States Securities Act of 1933 or any state securities laws, and may not be offered or sold in the United States without registration or an exemption. Clean Air Metals owns 100% of the Thunder Bay North Critical Minerals Project, located 40 km northeast of Thunder Bay, Ontario, Canada. The project hosts two deposits, the Current and Escape deposits, which are 2.5 km apart. Together, these deposits host a 14.9 Mt indicated mineral resource grading 2.66 g/t (Pt+Pd), 0.40% Cu, and 0.24% Ni, as per the NI 43-101 PEA Technical Report dated November 21, 2025. The project is described as one of the rare primary platinum resources outside of South Africa and is located in a stable, mining-friendly jurisdiction. Clean Air Metals acknowledges the Thunder Bay North Project is within the area of the Robinson-Superior Treaty of 1850 and includes the territories of the Fort William First Nation, Red Rock Indian Band, Biinjitiwaabik Zaaging Anishinabek, and Kiashke Zaaging Anishinaabek. The company states its commitment to building respectful relationships with Indigenous peoples. Mike Garbutt is the CEO and President of Clean Air Metals Inc.

AAR reports first quarter fiscal year 2027 results

(NYSE: AIR) AAR CORP. reported financial results for the fiscal year 2027 first quarter ended August 31, 2026. Consolidated first quarter sales increased 24% to $918.0 million, compared to $739.6 million in the same quarter last year. Sales to commercial customers increased 28%, or $147.5 million, primarily due to acquisition contributions and continued above-market Commercial Distribution sales. Sales to government customers increased 14%, or $30.9 million, over the same period last year, primarily due to increased volumes in new parts distribution activities. Sales to commercial customers were 73% of consolidated sales, compared to 71% in the prior year quarter. The Company reported net income of $40.1 million, or $1.00 per diluted share, compared to $34.4 million, or $0.95 per diluted share, in the prior year quarter. Adjusted diluted earnings per share in the first quarter of fiscal year 2027 were $1.49, compared to $1.08 in the first quarter of the prior year. Adjusted EBITDA was $117 million, an increase of 34%, and adjusted EBITDA margin increased from 11.7% to 12.7%. Total adjusted EBITDA margin from the Parts Supply, RE&S, and Government Solutions segments was 13.3%. Cash from operations in the quarter was $56 million, and cash flow provided by operating activities was $55.8 million, compared to $44.9 million of cash used in the prior year quarter. Selling, general, and administrative expenses were $107.0 million in the current quarter, compared to $71.8 million in the prior year quarter. Acquisition, amortization, and integration expenses were $19.6 million in the quarter, compared to $4.4 million in the prior year quarter. Operating margins were 7.9% in the quarter, compared to 8.8% in the prior year quarter. Adjusted operating margin increased to 10.6% in the current year quarter from 9.7% in the prior year quarter. Net interest expense for the quarter was $16.2 million, compared to $18.5 million last year. Average diluted share count increased from 35.9 million shares in the prior year quarter to 39.9 million shares in the current year quarter. As of August 31, 2026, net debt was $780.5 million and net leverage was 1.81x. In a separate press release, AAR announced it has entered into a definitive agreement to acquire a 65% controlling interest in MRO Holdings. The previously scheduled earnings conference call has been rescheduled to 7:00 AM CT on Tuesday, September 29, 2026. For the second quarter FY 2027, the Company is guiding to sales growth (excluding Legacy Commercial Programs) of 14% - 16% and adjusted EBITDA margin (excluding Legacy Commercial Programs) of 13.0% - 13.4%. For the full year FY 2027, the Company is guiding to sales growth (excluding Legacy Commercial Programs) in the low teens. The guidance does not include any impact of the MRO Holdings acquisition. John M. Holmes, AAR's Chairman, President and CEO, stated that strong demand for air travel is driving demand for AAR's services, and that the acquisition of MRO Holdings is highly strategic and will accelerate the company's growth strategy.

AAR earns 2026 Great Place To Work Certification™

(NYSE: AIR) AAR CORP. announced that it has been Certified™ by Great Place To Work® for the second consecutive year. The certification is based on feedback shared by team members in AAR's Companywide Great Place To Work® engagement survey. This year's survey results highlighted strengths across safety, meaningful work, pride in the Company's accomplishments, and an inclusive culture, with many measures exceeding Great Place To Work® benchmarks. Team members rated 'AAR is a physically safe place to work' as the most salient attribute in its Great Place To Work® survey for the second consecutive year. Sarah Lewis-Kulin, Vice President of Global Recognition at Great Place To Work, stated that Great Place To Work Certification is a highly coveted achievement that requires consistent and intentional dedication to the overall employee experience. John M. Holmes, AAR's Chairman, President and CEO, said the recognition speaks to the pride team members take in what they accomplish together, the importance of their work, and the respect they show one another. AAR operates in over 20 countries and supports commercial and government customers through three primary operating segments: Parts Supply; Repair, Engineering, and Software; and Government Solutions. Every year, more than 10,000 companies across 60 countries apply to get Great Place To Work-Certified.

AAR reports fourth quarter and fiscal year 2026 results

(NYSE: AIR) AAR CORP. reported financial results for the fourth quarter and fiscal year 2026 ended May 31, 2026, with sales of $928 million in Q4, representing a 23% increase over the prior year quarter. GAAP diluted EPS for Q4 was $1.27, and adjusted diluted EPS was $1.53, up 32%. GAAP net income for Q4 was $51 million, and adjusted EBITDA was $116 million, up 27%, with an adjusted EBITDA margin increase from 12.4% to 12.5%. For the full fiscal year 2026, sales reached $3.3 billion, up 19%, with GAAP net income of $188 million and adjusted EBITDA of $401 million, up 24%. The company completed the acquisition of Aircraft Reconfig Technologies in April and was awarded a $305 million follow-on contract for the U.S. Navy and Marine Corps C-40A fleet. AAR announced a segment realignment and the wind-down of its Legacy Commercial Programs business, and expanded its Airbus proprietary component repair offering to include Airbus A320 slat repair at its Chonburi, Thailand Component MRO facility. The company projects further margin expansion, continued integration of acquisitions, and sales growth in fiscal year 2027.

AAR announces participation in 2026 William Blair Growth Stock Conference

(NYSE: AIR) AAR CORP. announced that the Company's senior management will participate in the 2026 William Blair Growth Stock Conference on June 3, 2026. The 2026 William Blair Growth Stock Conference will be held in Chicago, Illinois. On June 3, 2026, John M. Holmes, AAR's Chairman, President and CEO, will present at 1:20 p.m. Central Time, followed by an investor breakout session at 2 p.m. Central Time. Holmes and Dylan Wolin, AAR's Chief Financial Officer, will participate in one-on-one and group investor meetings throughout the event. Associated materials will become available on AAR's website at: https://www.aarcorp.com/en/investors/events-and-presentations/ on June 3, 2026. The presentation will be streamed at https://event.summitcast.com/view/DTqswnj6gGSWZ7ywFcvpAo/YeVEvToSc4YSrpgRM6quC2 and will be available for 180 days. AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries.

AAR announces segment realignment and wind-down of Commercial Programs business

AAR CORP. (NYSE: AIR) announced a new reporting structure with four operating segments starting in the fourth quarter of fiscal year 2026. The company also intends to wind down its Legacy Commercial Programs business, which contributed sales of $252.4 million and a GAAP operating loss of ($0.2) million for the last twelve months ended February 28, 2026. Net assets of the Legacy Commercial Programs segment as of February 28, 2026 were approximately $160 million. The wind-down is expected to take three to four years and aims to simplify the business model and improve margins. The company's guidance for the fourth quarter and fiscal year 2026 remains unchanged.

AAR completes acquisition of Aircraft Reconfig Technologies

AAR CORP. (NYSE: AIR) announced the completion of its acquisition of Aircraft Reconfig Technologies (ART) from ZIM Aircraft Cabin Solutions. The acquisition, valued at $35 million in an all-cash transaction, immediately expands AAR's engineering and certification capabilities. ART specializes in passenger aircraft reconfiguration for global airlines, and the deal adds FAA Organization Designation Authorization (ODA) to AAR's Engineering Services. This enables AAR to issue supplemental type certificates (STCs) and Parts Manufacturer Approval (PMA) without reliance on third parties. The acquisition is expected to enhance AAR's aircraft cabin interior design, manufacturing, and certification offerings.

AAR launches Airvoyant℠, an AI-driven procurement platform for airlines and MROs

AAR CORP. (NYSE: AIR) announced the launch of Airvoyant, an AI-powered aviation procurement solution. The announcement was made in WOOD DALE, Ill. on April 21, 2026. Airvoyant is designed to connect buyers directly to aviation services. This launch highlights AAR CORP.'s focus on technology-driven solutions for the aviation industry. The announcement may be significant for investors interested in technological advancements in aviation procurement.