GR Goodrich Corp. (The)

AAR CORP. (AIR) recently announced its acquisition of Airinmar Holdings Limited (Airinmar), an international provider of aircraft component repair management services. The acquisition was paid from the company’s available cash on hand. The terms of the acquisition have not yet been disclosed.

The acquisition is anticipated to increase AAR’s international presence, contributing toward the growth of the company’s commercial and defense businesses while supporting a diverse and global customer base on the backdrop of a demand surging aviation industry.

Headquartered near London Heathrow Airport, UK, Airinmar supports airlines, aircraft manufacturers and maintenance, repair and overhaul (MRO) providers with component repair management services. The newly acquired business will operate as part of AAR's Aviation Supply Chain segment and is expected to increase efficiencies across AAR’S own supply chain, logistics and MRO operations.

Airinmar supports a diverse and global customer base. Airinmar creates value through its in-depth knowledge of aircraft component repair requirements, value engineering capabilities, proprietary IT solutions and excellent relationships with its global supplier base. Established in 1985, Airinmar creates value through its in-depth knowledge of aircraft component repair requirements, value engineering capabilities, proprietary IT solutions and excellent relationships. The company currently employs approximately 145 employees at different locations throughout the world.

Based in Wood Dale, Illinois, AAR Corp. provides various products and services to the aviation and defense industries worldwide. The company operates in four segments: Aviation Supply Chain; Maintenance, Repair, and Overhaul; Structures and Systems; and Government & Defense Services. The company competes directly with its peers, such as Goodrich Corp (GR), Boeing Co (BA), and Lockheed Martin Corporation (LMT).

We currently hold a Neutral recommendation on the stock. AAR Corp. has a Zacks #3 Rank, impl

 
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