AAR Corp.

AAR Corp.

AAR Corp.

Overview
Date Founded

1955

Headquarters

1100 North Wood Dale Road,Wood Dale, IL 60191

Type of Company

Public

Employees (Worldwide)

5,650

Industries

Aerospace & Defense
Industrial Machinery & Manufacturing

Company Description

AAR is an independent provider of aviation services to commercial and government customers worldwide. Our aftermarket expertise and award-winning solutions help customers increase efficiency and reduce costs while maintaining high levels of quality, service and safety.

Contact Data
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In The News
Targeted News Service
June 4, 2020
AAR Wins $59,814 Federal Contract
Targeted News Service
June 3, 2020
AAR Wins $1,477,440 Federal Contract
Targeted News Service
May 30, 2020
AAR Wins $33,968 Federal Contract
Targeted News Service
May 28, 2020
AAR Wins $215,410 Federal Contract
Executives & Employees

President, Chief Executive Officer, Chief Operating Officer & Director

Interim General Counsel & Assistant Secretary

Vice President & Chief Financial Officer

Vice President, General Counsel & Secretary

Vice President & Co-Chief Commercial Officer

Chief Commercial Officer & Vice President

Vice President, Controller & Chief Accounting Officer

Vice President, General Manager, Maintenance, Repair & Overhaul

Director, Business Development

Treasurer & Vice President

Board of Directors

Former Chairman & Chief Executive Officer at United Airlines, Inc.

Former Managing Director & Partner in-Charge of Midwest Investment Banking at The Goldman Sachs Group, Inc.

Co-Founder at Ares Mobility Solutions, Inc.

Former Senior Vice President at The Boeing Company

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AAR Corp.
Owners & Shareholders
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CCI is a bottom-up, growth-oriented equity manager that manages Large-Cap, Mid-Cap, SMID, Small-Cap, and Custom-Cap equity portfolios for clients. They utilize a growth-oriented, investment philosophy of Positive Momentum & Positive Surprise, which strives to invest in good companies getting stronger and in companies whose fundamentals are exceeding investor expectations. CCI invests in securities of non-US issuers, including through investments in American Depository Receipts. They typically manage equity portfolios on a long-only basis, with the exception of certain accounts including the CCI Private Funds, which are managed according to a long/short strategy. The firm manages their affiliated private funds and other US and foreign accounts with additional investment strategies including the trading of derivatives, foreign currency, hedging, leverage and short sales.

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Beach Point Capital Management (BCP) specializes in distressed debt, high yield bonds, corporate loans and other credit-related investments. The firm offers funds and customizable managed accounts in the following strategies: High Yield (Loans and Bonds); Opportunistic credit (Full Spectrum); and Distressed, Securitized Credit and Special Situations.

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Towle & Co. employs a fundamental, deep value investment approach that seeks to achieve above-average capital appreciation. Their deep value investment strategy focuses on identifying and capitalizing on investments the stocks of publicly-traded companies that are undervalued relative to their underlying, intrinsic value. The firm seeks absolute value through investments in primarily small-cap and micro-cap stocks, typically with market-caps less than $2 billion. Towle & Co. tends to invest in the stocks of companies in the financial services, manufacturing, consumer products, retail, transportation and energy sectors. The firm does not invest in companies involved in tobacco, liquor or gaming. They invest mainly in the stocks of US companies. Towle & Co. maintains a low turnover rate.The firm's fundamental investment approach begins with a screen to identify companies with low price-to-book value, low p/e (current or potential) and low price-to-sales ratios.They often invest in companies operating in out-of-favor or consolidating industries that have stagnating or declining stocks prices. Companies should have total debt that is less than the shareholders' equity and possess a strong market position or technological leadership. Companies must also demonstrate the ability to prudently finance their on-going business activities. Towle & Co. seeks to invest in stocks that are selling at less than 6 times the total enterprise value to earnings before interest, taxes, depreciation and amortization expense.To determine upside potential and downside risk, the firm performs a financial evaluation that includes an analysis of historical and current profitability, liquidity, leverage and asset management. this analysis is followed by a review of industry prospects and the company's competitive position. Towle & Co. then projects the company's earnings power, cash flow generating capability and financial condition. They use the private market transaction values and profitability characteristics of comparable companies to determine a company's earnings potential over the next 3 years. To be included in a portfolio, a company's 3 year earnings potential must provide a minimum return on market value of 15%.Sell targets are established for each company in a portfolio. these targets usually represent a 50% to 100% increase from the market value at the time of the initial purchase. An estimate of a company's future earnings potential is determined by assigning a conservative multiple (8 to 13x) to the company's earnings potential in the third year. Sell targets are continuously monitored and are periodically adjusted as business and market conditions change. These period reviews may result in an upward or downward adjustment of the sell target or in the decision to sell the position.

Recent Transactions
Details Hidden

AAR Corp. purchases Premier Aviation Overhaul Center, Inc. /2 MRO Facilities from Premier Aviation Overhaul Center, Inc.

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AAR Corp. purchases Aclas Global Ltd. /Trading Business from ACL Aircraft Trading Ltd.

Details Hidden

AAR Corp. purchases Sonic Aviation, Inc.

Transaction Advisors
Legal Advisor

Advised onAAR Corp. purchases Aviation Worldwide Services LLC from Academi LLC

Accountant

Advised onAAR Corp. purchases Avsco from Sogerma Maintenance Group

Legal Advisor

Advised onTransDigm Group, Inc. purchases AAR Corp. /Telair Cargo Business (3) from AAR Corp.

Legal Advisor

Advised onTransDigm Group, Inc. purchases AAR Corp. /Telair Cargo Business (3) from AAR Corp.

Legal Advisor

Advised onTransDigm Group, Inc. purchases AAR Corp. /Telair Cargo Business (3) from AAR Corp.

Attorney

Advised onTransDigm Group, Inc. purchases AAR Corp. /Telair Cargo Business (3) from AAR Corp.

Advisors & Consultants
Legal Advisor

Partner at Baker & McKenzie LLP

Advisor

Former Vice Chairman at AAR Corp.

Clients

FedEx Corporation provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $43 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 300,000 team members to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities.

Lockheed Martin Corp. operates as a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space. The Aeronautics segment researches, designs, develops, manufactures, integrates, sustains, supports, and upgrades advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies. The MFC segment provides air and missile defence systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support and integration services; manned and unmanned ground vehicles; and energy management solutions. The RMS segment offers design, manufacture, service, and support for a variety of military and commercial helicopters; ship and submarine mission and combat systems; mission systems and sensors for rotary and fixed-wing aircraft; sea and land-based missile defence systems; radar systems; the Littoral Combat Ship; simulation and training services; and unmanned systems and technologies. The Space segment comprises of the research and development, design, engineering and production of satellites, strategic, and defensive missile systems and space transportation systems. The company was founded in 1961 and is headquartered in Bethesda, MD.

With 41 years of service, Southwest Airlines Co. (Southwest), a low-fare major domestic airline, continues to differentiate itself from other low-fare carriers, offering a reliable product with exemplary Customer Service. Southwest was incorporated in Texas and commenced Customer Service on June 18, 1971 with three Boeing 737 aircraft serving three Texas cities - Dallas, Houston, and San Antonio. Today, Southwest is the nation's largest carrier in terms of originating domestic passengers boarded serving 78 destinations in 39 states and the District of Columbia. On May 2, 2011, Southwest completed the acquisition of AirTran Holdings, Inc., and now operates AirTran Airways as a wholly owned subsidiary. Southwest has among the lowest cost structures in the domestic airline industry, consistently offers the lowest and simplest fares, and has one of the best overall Customer Service records. LUV is our stock exchange symbol, selected to represent our home at Dallas Love Field, as well as the theme of our Employee and Customer relationships. Southwest is one of the most honored airlines in the world known for its commitment to the triple bottom line of Performance, People, and Planet. To read more about how Southwest is doing its part to be a good citizen, click on the tab above to read the Southwest Airlines 2011 One Reportâ„¢

Key Stats and Financials As of 2019
Market Capitalization
$535M
Total Enterprise Value
$1.15B
Earnings Per Share
$0.2
Revenue
$2.05B
Enterprise Value Sales
0.56x
TEVNet Income
162.08x
Debt TEV
0.12x
Total Equity
$906M
Total Debt
$142M
Net Profit
$7.1M
Enterprise Value EBITDAOperating
8.16x
EBITDAMargin
6.88%
EBITDA
$141M
Three Year Compounded Annual Growth Rate Of Revenue
7.26%
Five Year Compounded Annual Growth Rate Of Revenue
0.16%
Non-Profit Donations & Grants
Suppliers
Griffin Industrial Realty, Inc. Real Estate | New York, NY

Griffin Land is the real estate division of Griffin Land & Nurseries, Inc., a publicly traded company (GRIF). Griffin Land is the award winning developer of more than three million square feet of commercial space on land holdings totaling more than 4,000 acres in Connecticut, Massachusetts, and Pennsylvania. Griffin Land is an owner operator providing development, marketing, construction, management and maintenance of its portfolio. Developments include the Griffin Center business park in Windsor & Bloomfield, CT, the New England Tradeport industrial park in Windsor & East Granby, CT, and the Lehigh Valley Tradeport industrial park in Bethlehem, PA. In addition, Griffin Land also develops residential communities including Walden Woods, a 435 unit master-planned community in Windsor, CT, and has municipal approvals for Meadowood, a 299 unit master-planned development in Simsbury, Connecticut. In addition to its real estate business, Griffin Land & Nurseries also operates a landscape nursery business, Imperial Nurseries, Inc.

General Electric Company Shipping & Delivery | Boston, MA

General Electric Co. is a technology and financial services company. It operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, and Capital. The Power segment offers technologies, solutions, and services related to energy production, which includes gas and steam turbines, generators, and power generation services. The Renewable Energy segment provides wind turbine platforms, hardware & software, offshore wind turbines, solutions, products & services to hydropower industry, blades for onshore & offshore wind turbines, and high voltage equipment. The Aviation segment provides jet engines & turboprops for commercial airframes, maintenance, component repair, and overhaul services, as well as replacement parts, additive machines & materials, and engineering services. The Healthcare segment provides healthcare technologies in medical imaging, digital solutions, patient monitoring, and diagnostics, drug discovery, biopharmaceutical manufacturing technologies and performance enhancement solutions. The Capital segment leases & finances aircraft, aircraft engines and helicopters, and also provides financial and underwriting solutions. The company was founded by Thomas Alva Edison in 1878 and is headquartered in Boston, MA.

Eaton Corp. Plc Electrical Products

Eaton is a diversified power management company providing energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power. The company is a global technology leader in electrical products, systems and services for power quality, distribution and control, power transmission, lighting and wiring products; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. Because of the pivotal role we play, Eaton is committed to creating and maintaining powerful customer relationships built on a foundation of excellence. From the products we manufacture to our dedicated customer service and support, we know what’s important to you.

Competitors
The Boeing Company Aerospace & Defense - Chicago, IL

The Boeing Co. is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space and security systems. It operates through the following segments: Commercial Airplanes; Defense, Space and Security; Global Services; and Boeing Capital. The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide. The Defense, Space and Security segment refers to the research, development, production and modification of manned and unmanned military aircraft and weapons systems for global strike, including fighter and combat rotorcraft aircraft and missile systems; global mobility, including tanker, rotorcraft and tilt-rotor aircraft; and airborne surveillance and reconnaissance, including command and control, battle management and airborne anti-submarine aircraft. The Global Services segment provides services to commercial and defense customers. The Boeing Capital segment seeks to ensure that Boeing customers have the financing they need to buy and take delivery of their Boeing product and manages overall financing exposure. The company was founded by William Edward Boeing on July 15, 1916 and is headquartered in Chicago, IL.

CACI International, Inc. IT Consulting & Services - Arlington, Virginia

CACI International, Inc. operates as holding company, which engages in the provision of information solutions and services in support of national security missions and government transformation for intelligence, defense, and federal civilian customers. It operates through the Domestic Operations and International Operations segment. The Domestic Operations segment offers information solutions and services to U.S. federal government agencies, state and local governments, and commercial enterprises to different market areas, including business systems, command and control, communications, cyber security, enterprise information technology (IT), health, intelligence services, investigation and litigation support, logistics and material readiness, and surveillance and reconnaissance. The International Operations segment includes the provision of IT services and proprietary data and software products, serving commercial and government customers. The company was founded by Herb Karr and Harry Markowitz in July 1962 and is headquartered in Arlington, VA.

SAIC, Inc. IT Consulting & Services - Reston, VA

Science Applications International Corp. engages in the provision of technical, engineering, and enterprise information technology services. It offers engineering and integration, analytics, program management, IT modernization, cyber, cloud, and enterprise IT. The company was founded by J. Robert Beyster in 1969 and is headquartered in McLean, VA.

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