AAR CORP
For the period ended Sep 16, 2025. Filed Aug 5, 2025.
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Sep 16, 2025 · Filed Aug 5, 2025
Contents
Proxy statement summary
AAR – Who we are and what we do
AAR is a global aerospace and defense aftermarket solutions company operating from 60+ sites around the world, including aircraft hangars, offices, warehouses, customer sites, and other service centers. We also distribute products to 100+ countries in support of our commercial and government customers.
Business overview
| Parts Supply | Repair & Engineering | Integrated Solutions | Expeditionary Services | ||
| • New parts Distribution to commercial and government customers • Used serviceable material (USM) • Parts, loans, and exchange services • Aircraft and engine sales and leasing • Online PAARTSSM store • Worldwide 24/7 aircraft on-ground (AOG) service | • Airframe Maintenance, Repair and Overhaul (MRO) • Component Services • Engineering Services • Development of proprietary Parts Manufacturer Approval (PMA) parts | • Government aircraft maintenance, logistics, and operations support programs (CLS, PBL, 3PL) • Commercial flight-hour-based aircraft component support • Consumable and expendable parts • Airinmar® • TraxSM | Mobility Systems: Rapid deployment sustainment solutions for governments, militaries, and nonprofit organizations • Specialized pallets • Containers for customized air-mobile shipping and storage of equipment • Mobile tactical shelter systems | ||
Customers (percentage of Fiscal Year 2025 sales)
5 |
Key business achievements in Fiscal Year 2025
Executed and expanded in commercial and government markets
Our sales in Fiscal Year 2025 increased $461.6 million, or 20%, driven by growth across all segments
Significantly grew new parts Distribution sales by meeting customer demand and expanding market share with multiple new, strategic agreements
Extended exclusive agreement with FTAI Aviation to provide USM on the CFM56 engine platform through 2030
Trax selected by multiple carriers, including Delta TechOps and Cathay Pacific, to modernize maintenance operations
Awarded two multi-year U.S. Navy P-8A contracts, advancing AAR’s support of commercial derivatives
Strategic actions positioning the company for continued growth and margin expansion
Substantially completed integration of Product Support acquisition into Component Services offerings
Divested Landing Gear Overhaul business to focus on core offerings
Continued to implement digital tools to achieve a “paperless hangar” with two Airframe MRO facilities completed
Continued construction of Airframe MRO expansions in Oklahoma City and Miami, positioning the Company for increased capacity in Fiscal Year 2026
This document includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our goals, commitments, strategies, results and executive compensation program. These statements involve risks and uncertainties. Actual results could differ materially from any future results expressed or implied by the forward-looking statements for various reasons, including due to the risks, uncertainties, and other important factors that are discussed in our Annual Report on Form 10-K for the fiscal year ended May 31, 2025 (the “2025 Form 10-K”) filed with the Securities and Exchange Commission (the “SEC”), and subsequent filings. We assume no obligation to update any forward-looking statements or information, which speak as of the date of this proxy statement.
2025 Proxy Statement | 6
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.