Latest AAR Corporation Stories

WOOD DALE, Ill., May 21, 2013 /PRNewswire/ -- AAR CORP. (NYSE: AIR), announced today that its Board of Directors has named Ronald R. Fogleman as its Lead Director. Fogleman, a retired U.S. Air Force General and a former member of the U.S. Joint Chiefs of Staff, has served as an AAR director since 2001 and is currently Chairman of the Board's Nominating and Governance Committee and a member of its Compensation Committee. He also serves as non-executive Chairman of Alliant...

Extensive background in global strategic finance and institutional capital markets WOOD DALE, Ill., May 7, 2013 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of value-added products and services to the worldwide aerospace, government and defense industries, today announced that John Fortson will join the Company on July 1, 2013, as Vice President of Finance. Fortson will then become Vice President, Chief Financial Officer and Treasurer on July 19, 2013, or as...

CHICAGO, May 7, 2013 /PRNewswire/ -- Grant Park Global announced today that AAR, a global aerospace and defense contractor that employs more than 6,000 people in 17 countries, has retained the strategic business development consulting services of Mike Axelrod to assist the firm in Latin America, with an emphasis on Mexico and Colombia. Grant Park Global's engagement focus will support AAR's implementation of an external growth strategy focused on new public and private sector client...

WOOD DALE, Ill., April 22, 2013 /PRNewswire/ -- AAR CORP. (NYSE: AIR) announced that its Board of Directors at its regularly scheduled meeting declared a quarterly cash dividend of $0.075 per share to its stockholders. The dividend will be paid on May 16, 2013, to stockholders of record as of the close of business on May 2, 2013. Future cash dividends will be subject to the approval of the Board of Directors. About AAR AAR is a global aerospace and defense contractor that...

WOOD DALE, Ill., April 15, 2013 /PRNewswire/ -- AAR CORP. (NYSE: AIR) announced today that it has completed its previously announced add-on offering of $150,000,000 aggregate principal amount of its 7.25% Senior Notes due 2022 (the "Notes") in a private placement to eligible purchasers. The Notes were sold at a price equal to 107.5% of the principal amount thereof, for a yield to maturity of 6.12%. The Notes are senior unsecured obligations of AAR CORP. (the "Company") and are...

WOOD DALE, Ill., April 10, 2013 /PRNewswire/ -- AAR CORP. (NYSE: AIR) announced today the pricing of an add-on offering of $150,000,000 aggregate principal amount of its 7.25% Senior Notes due 2022 (the "Notes") in a private placement to eligible purchasers. The size of the offering represents an increase of $25,000,000 from the amount originally proposed. The Notes will be sold at a price equal to 107.5% of the principal amount thereof, for a yield to maturity of 6.12%. The...

WOOD DALE, Ill., April 10, 2013 /PRNewswire/ -- AAR CORP. (NYSE: AIR) announced today that it intends to commence an add-on offering of $125,000,000 aggregate principal amount of its 7.25% Senior Notes due 2022 (the "Notes") in a private placement to eligible purchasers. The Notes will be senior unsecured obligations of AAR CORP. (the "Company") and will be guaranteed by substantially all of the Company's subsidiaries. The Notes will be issued under the indenture dated as of...

WOOD DALE, Ill., March 8, 2013 /PRNewswire/ -- AAR CORP. (NYSE: AIR) announced today that it has exercised its right to redeem its remaining $2,671,000 principal amount of 1.75% Convertible Senior Notes due 2026 (the "Notes"), in accordance with the terms of the Notes. The redemption date for the Notes is April 8, 2013. The redemption price for the Notes is 100% of the principal amount redeemed, plus any accrued and unpaid interest on the Notes up to, but not including, the...

WOOD DALE, Ill., Feb. 1, 2013 /PRNewswire/ -- AAR CORP. (NYSE: AIR) announced today that pursuant to the terms of the indenture, certain holders of AAR's 1.75% Convertible Senior Notes due 2026 (the "Securities") have surrendered their Securities for purchase by AAR (the "Put Option"). The Put Option expired on January 31, 2013. The purchase was made on the terms and subject to the conditions set forth in the Put Right Purchase Offer dated January 3, 2013. The aggregate purchase...

WOOD DALE, Ill., Jan. 30, 2013 /PRNewswire/ -- AAR (NYSE: AIR) has been awarded a medical logistics contract for the U.S. Army Medical Material Center -- Southwest Asia, located at Camp As Sayliya, Qatar. AAR's Defense Systems and Logistics business will provide inventory management support to the U.S. Central Command (CENTCOM) in Iraq, Afghanistan, Kuwait, Qatar and the United Arab Emirates. The one-year agreement includes two renewal options. This program marks the first time...