AAR ANNOUNCES AAR GLOBAL SOLUTIONS, LLC JOINT VENTURE — Press Release

June 15, 2009 by Matthew Potter · Comment
Filed under: AAR Corporation, Business Line, Companies, Events, Press Releases, Restructuring, logistics 

AAR ANNOUNCES AAR GLOBAL SOLUTIONS, LLC JOINT VENTURE

WOOD DALE, ILLINOIS (June 15, 2009) — AAR CORP. (NYSE: AIR) today announced the formation of a joint venture to expand the Company’s participation in the government and defense services markets. The new business, AAR Global Solutions, LLC, combines the capabilities of AAR with the experience of a seasoned government contracting team, led by Steve Cannon, former Chief Executive Officer of DynCorp International, and other strategic partners including Johnson Global Services, LLC, an affiliate of Magic Johnson Enterprises, and Zaccanelli Investment Partners (ZIP).

“We set out, together with Zaccanelli Investment Partners, to create a unique enterprise dedicated to providing high-quality, value-added solutions in support of the U.S. and other governments’ defense/logistics and nation building initiatives,” said David P. Storch, Chairman and Chief Executive Officer of AAR CORP. “We created an organization with an inclusive and diverse base of ownership, leadership and workforce that has a distinctive blend of skills and perspectives
that will enhance the new venture’s value proposition. I am very pleased to announce the successful launch of AAR Global Solutions and look forward to a bright future with tremendous growth.”

Storch continued, “The parties are committed to providing high-quality solutions to our U.S. Government and international customers by bringing discipline and solid business practices to meet the unique needs and stringent requirements of this customer base. Our partners contribute an international presence and reputation to our efforts as we build this new company.” “AAR Global Solutions will open new government and defense markets to AAR as well as strengthen our ability to compete for global government services programs as a prime contractor,” Storch concluded.

“Through this joint venture, we’re able to offer customers a solution that combines our team’s extensive experience winning and managing large-scale government programs with AAR’s diverse and field-proven capabilities,” said Steve Cannon, Chief Executive Officer, AAR Global Solutions, LLC. “The new AAR Global Solutions team is excited to work with AAR CORP. and our strategic partners to pursue new opportunities to provide world-class, quality services to the U.S. Government and foreign customers.”

“Our strategic investment in AAR Global Solutions reflects my confidence in AAR’s reputation as a highly regarded service provider and a dynamic, entrepreneurial company. I am also impressed with the experience of Steve Cannon and his team,” said Earvin “Magic” Johnson, Chairman and Chief Executive Officer of Magic Johnson Enterprises. “One of our key strategies is identifying diverse business opportunities that strengthen our ability to address emerging markets and create community-based programs that we know will make a difference.” “The formation of AAR Global Solutions represents a unique opportunity to build a worldclass government and defense services organization,” said Frank Zaccanelli, Chairman of
Zaccanelli Investment Partners. “ZIP has a distinguished, successful track record with Steve Cannon and his team and is excited to combine its resources and capabilities with those of AAR and Johnson Global Services.”

AAR is a leading provider of products and value-added services to the worldwide aerospace and defense industry. With facilities and sales locations around the world, AAR uses its close-to-the-customer business model to serve aviation and defense customers through four operating segments: Aviation Supply Chain; Maintenance, Repair and Overhaul; Structures and Systems and Aircraft Sales and Leasing. More information can be found at www.aarcorp.com.

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This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, including those factors discussed under Item 1A, entitled “Risk Factors”, included in the Company’s May 31, 2008 Form 10-K. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond the Company’s control. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. For additional information, see the comments included in AAR’s filings with the Securities and Exchange Commission.

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AAR Corporation Announces that Donald Wetekam was Elected Company Officer – Press Release

November 6, 2008 by Matthew Potter · Comment
Filed under: AAR Corporation, Military Aviation, development program 

DONALD J. WETEKAM ELECTED AAR CORPORATE OFFICER

WOOD DALE, ILLINOIS (November 6, 2008) — AAR CORP. (NYSE: AIR) announced today
that Donald J. Wetekam was elected an Officer of the Company. Wetekam serves as Group
Vice President of the Company’s Maintenance, Repair and Overhaul (MRO) segment and is
responsible for overseeing AAR’s MRO activities, growing the Company’s domestic and
international MRO business and expanding the Company’s offerings for government and
defense customers.

“Don is a world-class leader with a wealth of experience successfully directing and transforming large-scale operations,” said David P. Storch, Chairman and Chief Executive Officer of AAR CORP. “His leadership and sharp focus on operational excellence have contributed greatly to strengthening AAR’s position as a first-rate MRO provider.”

Prior to joining AAR, Wetekam served as Deputy Chief of Staff for Insatllations and Logistics in the US Air Force where he was a staunch advocate for the adoption of commercial process improvement techniques, such as Lean and Six Sigma.  He also directed oeprations at Warner Robins Air Logistics Center an dplayed key leadership roles at the Oklahmoa City Air Logistics Center at Tinker Air Force Base.

AAR is a leading provider of products and value-added services to the worldwide aerospace and defense industry.  With facility and sales locations around the world, AAR usies its close-to-the-customer business model to serve aviation and defense customers through four operating segments:  Aviation Supply Chain, Maintenance, Repari and Overhaul; Structures and Systems; and Aircraft Sales and Leasing.  More information can be found at www.aarcorp.com.

Contact: Chris Mason, Director, Corporate Communications
(630) 227-2062, chris.mason@aarcorp.com

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AAR RECEIVES 10-YEAR CONTRACT TO SUPPORT HONEYWELL TECHNOLOGY SOLUTIONS INC. AT HILL AIR FORCE BASE – Press Release

July 31, 2008 by Matthew Potter · Comment
Filed under: AAR Corporation, Contract Awards, HTSI, Military Aviation, Press Releases, U.S. Air Force, logistics 

AAR RECEIVES 10-YEAR CONTRACT TO SUPPORT
HONEYWELL TECHNOLOGY SOLUTIONS INC. AT HILL AIR FORCE BASE

WOOD DALE, ILLINOIS (July 31, 2008) – AAR CORP. (NYSE: AIR) announced today that it has
been awarded a 10-year contract to provide logistics support services to Honeywell Technology
Solutions, Inc. (HTSI). HTSI provides logistics services and depot maintenance support for the
B-2 Spirit stealth bomber and C-130 Hercules aircraft at Hill Air Force Base.
“AAR is very proud to support Honeywell Technology Solutions, Inc. and the U.S. Air Force,”
said Timothy J. Romenesko, AAR’s President and Chief Operating Officer. “This adds to the
growing list of strategic Air Force assets supported by AAR and is a testament to the flexibility
and scalability of AAR’s supply chain management capabilities.”
AAR is a leading provider of products and value-added services to the worldwide aerospace and
defense industry. With facilities and sales locations around the world, AAR uses its close-to-thecustomer
business model to serve aviation and defense customers through four operating
segments: Aviation Supply Chain; Maintenance, Repair & Overhaul; Structures & Systems and
Aircraft Sales & Leasing. More information can be found at www.aarcorp.com.
# # #
This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties
that could cause actual results to differ materially from historical results or those anticipated, including those factors discussed under Item 1A, entitled “Risk Factors”, included in the Company’s May 31, 2008 Form 10-K. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those
described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond the Company’s control. The Company assumes no obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. For
additional information, see the comments included in AAR’s filings with the Securities and Exchange Commission.

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