AIR's Life Raft Stowage Approved - Analyst Blog
June 04 2012 - 8:15AM
Zacks
AAR Corp (AIR)
recently received Federal Aviation Administration Supplemental Type
Certificate (STC) approval for 737NG Life Raft Stowage Compartment,
which adds to the list of AAR’s avionics upgrades.
The life rafts will be stored in
the ceiling space above aircraft aisles. The innovative design will
save valuable overhead bin space. Management considers this as a
retrofit option intended to provide its customers with a
state-of-the-art solution to increase available bin space.
The highly efficient life-raft
compartments, manufactured and assembled by AAR Engineering
Services at its Indianapolis operation, is anticipated to provide
competitive advantage to AAR above peers such as, Goodrich
Corp (GR), Boeing Co (BA) and
Lockheed Martin Corporation (LMT).
AAR Engineering Services provides a
wide range of high-quality, and cost-effective technical services.
Building on advanced engineering competence and design proficiency,
AAR strives to reinforce its position in the industry as an
efficient and high-tech service provider in its class.
The company has recently been voted
the Best Airframe MRO Provider — Americas by customers in ATE&M
magazine’s 2012 “Aircraft Technology Engineering and Maintenance
Awards”. It has also been named Aircraft Parts Supplier of the Year
and ranked as one of the Top Five MROs in the world in an industry
ranking by Airline Economics magazine.
We currently maintain a long-term
‘Underperform’ recommendation on the stock. Also, AIR carries a
Zacks # 4 Rank, which translates into a short-term (1-3 months)
‘Sell’ rating.
The Zacks Consensus Estimate of
earnings per share for AAR Corp, for the fourth quarter 2012, is
pegged at 49 cents.
AAR CORP (AIR): Free Stock Analysis Report
BOEING CO (BA): Free Stock Analysis Report
GOODRICH CORP (GR): Free Stock Analysis Report
LOCKHEED MARTIN (LMT): Free Stock Analysis Report
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