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AAR Corp. is an American provider of
In December 2024, AAR agreed to resolve U.S. charges in connection with schemes to bribe Nepalese and South African officials. AAR agreed to pay more than $55 million to resolve investigations done by the Justice Department and SEC.
aircraft maintenance
Aircraft maintenance is the performance of tasks required to ensure the continuing airworthiness of an aircraft or aircraft part, including overhaul, inspection, replacement, defect rectification, and the embodiment of modifications, compliance ...
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.
During the Trump administration, AAR quadrupled its lobbying expenditures. The company spent large sums at Trump-owned properties with the intent to get Trump to view the company more favorably. From the time Trump took office until October 2020, AAR obtained 10 new federal contracts worth a total of $1.35 billion. In December 2024, AAR paid a $55 million settlement in relation to an investigation by the U.S. Justice Department and SEC over schemes to bribe Nepalese and South African officials.
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. , the company operates major maintenance facilities in Indianapolis
Indianapolis ( ), colloquially known as Indy, is the List of capitals in the United States, capital and List of municipalities in Indiana, most populous city of the U.S. state of Indiana and the county seat of Marion County, Indiana, Marion ...
, Miami
Miami is a East Coast of the United States, coastal city in the U.S. state of Florida and the county seat of Miami-Dade County, Florida, Miami-Dade County in South Florida. It is the core of the Miami metropolitan area, which, with a populat ...
, Oklahoma City
Oklahoma City (), officially the City of Oklahoma City, and often shortened to OKC, is the List of capitals in the United States, capital and List of municipalities in Oklahoma, most populous city of the U.S. state of Oklahoma. The county seat ...
, Rockford, Illinois
Rockford is a city in Winnebago County, Illinois, Winnebago and Ogle County, Illinois, Ogle counties in the U.S. state of Illinois. Located in far northern Illinois on the banks of the Rock River (Mississippi River tributary), Rock River, Rockfor ...
, Trois Rivieres, Quebec and Windsor, Ontario
Windsor ( ) is a city in southwestern Ontario, Canada. It is situated on the south bank of the Detroit River directly across from the U.S city of Detroit, Detroit, Michigan. Geographically located within but administratively independent of Esse ...
.
History
The company was founded by Ira Allen Eichner in 1951, to supply radios and other equipment to the commercial aviation industry. I.A. Allen Industrial was incorporated in 1955, renamed Allen Aircraft Radio (AAR) in 1962, and became AAR CORP. in 1970. 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. AAR organized its Aircraft Turbine Center, Inc. in 1979 after future CEO David P. Storch, Eichner's son-in-law, joined the company. David P. Storch was CEO from 1996 to 2018. In 2018, John M. Holmes became CEO.Lobbying
During the Trump administration, AAR quadrupled its lobbying expenditures. The company spent large sums at Trump-owned properties with the intent to get Trump to view the company more favorably. From the time Trump took office until October 2020, AAR obtained 10 new federal contracts worth a total of $1.35 billion.In December 2024, AAR agreed to resolve U.S. charges in connection with schemes to bribe Nepalese and South African officials. AAR agreed to pay more than $55 million to resolve investigations done by the Justice Department and SEC.
Financial trends
Annual financial highlights (U.S. Dollars in millions except per share data):See also
*List of S&P 600 companies
This is a list of companies having stocks that are included in the S&P SmallCap 600 (S&P 600) stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 600 Market capitalization, small-cap, mostly American, ...
References
External links
* {{DEFAULTSORT:Aar Corporation Companies listed on the New York Stock Exchange Aircraft engineering companies Aerospace companies of the United States American companies established in 1951 Transport companies established in 1951 Companies based in DuPage County, Illinois Defense companies of the United States 1951 establishments in Illinois