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AAR Corp.

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AAR CORP.
TypePublic
IndustryAviation
Founded1955; 71 years ago (1955)
FounderIra Allen Eichner
Headquarters
Wood Dale, Illinois
,
United States
Area served
Worldwide
Key peopleJohn Holmes (chairman, president and CEO)
RevenueIncrease US$3.3 billion (FY26)
Increase US$187.7 million (FY26)
Total assetsIncrease US$3.4 billion (FY26)
Total equityIncrease US$1.7 billion (FY26)
Number of employees
Increase 7,100 (FY26)
Websiteaarcorp.com
Footnotes
Financials as of fiscal year (FY) ended May 31, 2026.
References:[1]

AAR CORP. is an American provider of aircraft maintenance services to commercial and government customers worldwide. The company is headquartered in Wood Dale, Illinois, a Chicago suburb. The company employs about 6,000 people, operating in about 30 different countries. John Holmes is the current CEO.[2]

AAR sells both new and used parts and is one of the largest in the world for selling used parts. AAR has about $2.5 billion in revenue as of 2024. As of January 2026, the company operates major maintenance facilities in Greensboro, North Carolina, Indianapolis (closing February 28, 2027),[3] Lake City, Miami, Oklahoma City, and Rockford, Illinois as well as Trois Rivieres, Quebec and Windsor, Ontario in Canada.[4][5]

History

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The company was founded by Ira Allen Eichner in 1951, to supply radios and other equipment to the commercial aviation industry.[6] I.A. Allen Industrial was incorporated in 1955, renamed Allen Aircraft Radio (AAR) in 1962, and became AAR CORP. in 1970.[6] Also, in 1969, AAR began its aircraft maintenance business in Oklahoma City. In 1965, AAR expanded to Europe and opened a Singapore office in 1982.[7]

AAR organized its Aircraft Turbine Center, Inc. in 1979 after future CEO David P. Storch, Eichner's son-in-law, joined the company.[6]

David P. Storch was CEO from 1996 to 2018. In 2018, John M. Holmes became CEO.[8]

On November 3, 2025, AAR and HAECO Americas, with 1600 employees in Greensboro, North Carolina and Lake City, Florida, announced that AAR had purchased the HAECO subsidiary for $78 million. At the time, HAECO Americas was the second-largest heavy aircraft maintenance company in North America, with AAR being number one.[9]

In December 2025, it was announced that AAR had entered into an agreement to acquire Aircraft Reconfig Technologies from ZIM Aircraft Cabin Solutions for US$35 million in an all-cash transaction. The acquisition was intended to expand AAR's engineering and certification capabilities within its repair and engineering segment and was subject to customary closing conditions and regulatory approvals.[10] In late December 2025, it was announced that AAR would be permanently closing its Indianapolis location by February 28, 2027.[3]

Lobbying and corruption

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During the first Trump administration, AAR quadrupled its lobbying expenditures.[11] The company spent large sums at Trump-owned properties with the intent to get Trump to view the company more favorably.[11] From the time Trump took office until October 2020, AAR obtained 10 new federal contracts worth a total of $1.35 billion.[11]

Miami AAR CORP female group of trainees
AAR trainees at the Miami airport

In December 2024, AAR agreed to resolve U.S. charges in connection with schemes to bribe Nepalese and South African officials related to contracts with state-owned flag carriers Nepal Airlines and South African Airways. AAR agreed to pay more than $55 million to resolve investigations done by the Justice Department and SEC.[12][13]

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The key trends for AAR are, as of the end of the fiscal year ending May 31 (in million US$ except per share data):

FY26 FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17 FY16
Revenue 3,308.0 2,780.5 2,318.9 1,990.5 1,820.0 1,652.3 2,072.0 2,057.8 1,748.3 1,590.8 1,525.4
Net income 277.8 185.2 46.3 90.2 78.7 35.8 4.4 7.5 15.6 56.5 47.7
Total assets 3,355.9 2,844.6 2,770.0 1,097.9 1,007.2 1,539.7 2,079.0 1,517.2 1,524.7 1,504.1 1,456.0
Total equity 1,703.8 1,211.6 1,189.8 1,099.1 1,034.5 974.4 902.6 905.9 914.2 865.8 865.8
Earnings per share 4.86 0.35 1.29 2.55 2.19 1.31 0.71 2.40 2.11 1.51 1.30
Sources [1] [14] [15] [4] [4] [16] [16] [16] [16] [16] [16]

See also

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References

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  1. 1 2 "2026 Form 10-K". AAR CORP. July 21, 2026. Retrieved October 22, 2026.
  2. ↑ "Mad Money – 4/19/24 | Audio Only". April 19, 2024 – via YouTube.
  3. 1 2 Doninger, Doninger (December 30, 2025). "Mass layoff alert: AAR Aircraft Services to close Indianapolis site by 2027". wishtv.com. Retrieved January 22, 2026.
  4. 1 2 3 "2023 Form 10-K". U.S. Securities and Exchange Commission. July 18, 2023. Retrieved February 14, 2024.
  5. ↑ "Global reach locations". Retrieved January 22, 2026.
  6. 1 2 3 "AAR Corp. History". Funding Universe. January 17, 2018. Archived from the original on January 17, 2018. Retrieved April 29, 2022.
  7. ↑ "History Of AAR – 60th Anniversary". Aviation Week Network. Retrieved March 24, 2021.
  8. ↑ AAR. "AAR CEO David P. Storch Announces Plans to Retire". www.prnewswire.com (Press release). Retrieved December 24, 2021.
  9. ↑ Craver, Richard (November 4, 2025). "PTI's HAECO Americas sells for $78M to competitor". Greensboro News and Record.
  10. ↑ "Aircraft Cabin Management". Aviation Business News. December 22, 2025. Retrieved December 22, 2025.
  11. 1 2 3 Confessore, Nicholas; Yourish, Karen; Eder, Steve; Protess, Ben; Haberman, Maggie; Ashford, Grace; LaForgia, Michael; Vogel, Kenneth P.; Rothfeld, Michael (October 10, 2020). "The Swamp That Trump Built". The New York Times. ISSN 0362-4331. Retrieved October 10, 2020.
  12. ↑ "Aerospace firm AAR settles US charges over bribing foreign officials". December 20, 2024.
  13. ↑ Office of Public Affairs (December 19, 2024). "AAR CORP to Pay Over $55M To Resolve Foreign Corrupt Practices Act Investigation". United States Department of Justice. Retrieved September 10, 2025.
  14. ↑ "2025 Form 10-K". AAR CORP. July 21, 2025. Retrieved October 22, 2026.
  15. ↑ "2024 Form 10-K". AAR CORP. July 18, 2024. Retrieved October 22, 2026.
  16. 1 2 3 4 5 6 "Financial Reports". AAR CORP. Retrieved March 30, 2022.
[edit]
  • Official website Edit this at Wikidata
  • Business data for AAR Corp.:
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