AAR Corp

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AAR CORP.
Public (NYSEAIR)
Industry Aviation
Aerospace & Defense
Founded incorporated 1955
Founder Ira Allen Eichner
Headquarters Wood Dale, IL, USA
Area served
Worldwide
Key people
David Storch
(Chairman, President & CEO)
Tim Romenesko
(Vice Chairman, CFO)

John Holmes
(Vice President, COO of Aviation Services)
Revenue US$1.6. Billion (FY 16')[1]
US$1.1 Billion (FY 16)[1]
US$1.2 Billion (FY 16)[1]
Total assets US$1.4 Billion (FY 16)[1]
Total equity US$865 Million (FY 16)[1]
Number of employees
4,500 (FY 16)[1]
Website www.aarcorp.com

AAR CORP. is an independent provider of services to the global commercial, government and defense aviation industries. Incorporated in 1955, the company offers a broad menu of aviation services and expeditionary services.[2]

General information[edit]

Founded in 1951, I.A. Allen Industrial Sales was incorporated in 1955, renamed Allen Aircraft Radio in 1962 and became AAR CORP. in 1969.[3] AAR is headquartered in Wood Dale, Illinois, a Chicago suburb near O'Hare International Airport and employs approximately 4,500 people in over 20 locations around the world.[4]

Customers[edit]

AAR's customers international commercial airlines (passenger and freight); aircraft leasing companies; MROs; OEMs; government contractors, agencies and foreign militaries.

Business segments[edit]

AAR operates two segments: Aviation Services and Expeditionary Services.[5]

Aviation Services

The aviation services segment offers Parts Supply, MRO, OEM Support, Supply Chain Solutions and Intelligent Solutions. Diverse capabilities enables AAR to provide customized solutions that lower costs, increase efficiency and ensure high levels of quality, safety and service to customers.

Expeditionary Services

The expeditionary services segment supports military and humanitarian missions by transporting people, cargo and supplies in austere environments around the world. AAR also designs and manufactures a variety of mobility systems for the defense industry, including command centers, shelters, pallets, and containers, as well as cold chain containers for use by military and pharmaceutical companies.

Purpose, mission and values[edit]

Purpose [6]

AAR’s purpose is doing it right to better connect the world.

Mission

The company’s mission is be the best at designing and delivering technical, operational and financial solutions to enhance the efficiency and competitiveness of our commercial aviation and government customers.

Values

The values that guide AAR employees:

  • Doing it right
  • Quality first, safety always
  • Find a way, every day
  • Do it fast, do it well
  • Be honest, inspire trust
  • Work as one, be inclusive
  • Ideas matter, think new, think ahead
  • Make money, have fun
  • Own it

References[edit]

  1. ^ a b c d e f "United States Securities and Exchange Commission Form 10-K". AAR Corp. July 13, 2016. Retrieved July 22, 2016. 
  2. ^ "United States Securities and Exchange Commission Form 10-K". AAR Corp. July 13, 2016. Retrieved July 22, 2016. 
  3. ^ "Storch to Become Chairman upon Eichner Retirement from AAR Board". AAR Corp website. January 12, 2005. Retrieved November 9, 2011. 
  4. ^ "AAR Annual Report". AAR Corp website. 2015. Retrieved July 22, 2016. 
  5. ^ "AAR CORP Website". AAR Corp website. Retrieved July 22, 2016. 
  6. ^ "Doing It Right - About AAR | AAR Corporate". www.aarcorp.com. Retrieved 2016-07-22. 

Coordinates: 41°59′15″N 87°58′55″W / 41.987373°N 87.981812°W / 41.987373; -87.981812