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AAR Corp

Logo: Fgbwashdc, CC BY-SA 4.0, via Wikimedia Commons5

Aviation support company

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.3 Its revenue was $830 million in 2013.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

$3.3BRevenue, fiscal 20266
$187.7MNet income, fiscal 20266
1951Founded1

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  • TickerAIR on NYSE1
  • Industryaerospace industry1
  • HeadquartersWood Dale1
  • Websitewww.aarcorp.com
  • Legal formDelaware corporation1
  • Incorporated inDE7
  • Business address1100 N Wood Dale Rd, Wood Dale, Il 601917
  • Filer categoryLarge accelerated filer7
  • LEIMP76T5YQX3YK5VVAQ8024
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O The Prentice-Hall Corporation System, Inc., 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 6397264

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Photo: Fgbwashdc, CC BY-SA 4.0, via Wikimedia Commons10

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.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

18.8%Gross margin6
5.7%Net margin6
19.0%Revenue growth, 20266
11.0%Return on equity6
0.52×Debt to equity6
$62.1MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 65% of the revenue AAR Corp broke down this way in fiscal 2026.

  1. Product$2.1B665%up 25% from 2025
  2. Service$1.2B635%up 9% from 2025
Products and services by year
Products and services202420252026
Product$1.4B$1.7B$2.1B
Service$931.8M$1.1B$1.2B

Business segments

Reportable Segment, Aggregation before Corporate and Other Operating brought in 50% of the revenue AAR Corp broke down this way in fiscal 2026.

  1. Reportable Segment, Aggregation before Corporate and Other Operating$3.3B650%up 19% from 2025
  2. Parts Supply$1.5B623%up 36% from 2025
  3. Repair, Engineering, and Software$1.1B616%up 16% from 2025
  4. Government Solutions$502.3M68%up 1% from 2025
  5. Legacy Commercial Programs$240.9M64%down 6% from 2025
Business segments by year
Business segments202420252026
Reportable Segment, Aggregation before Corporate and Other Operating$2.3B$2.8B$3.3B
Parts Supply$975.6M$1.1B$1.5B
Repair, Engineering, and Software$681.3M$931.0M$1.1B
Government Solutions$451.7M$495.4M$502.3M
Legacy Commercial Programs$218.9M$255.0M$240.9M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue81¢$2.7B
  • Selling, general and admin11¢$349.3M
  • Other costs1¢$26.8M
  • Income tax2¢$58.2M
  • Profit6¢$187.7M

Out of $3.3B in revenue.6

Where each dollar of operating cash went, fiscal 2026

  • Capital spending37¢$36.6M
  • Kept or used elsewhere63¢$62.1M

Out of $98.7M of cash from operations.6

Financial statements

Revenue11121314156$3.3B in 2026+61% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $2.1B$2.1B20192020: $2.1B$2.1B2020+1%2021: $1.7B$1.7B2021−20%2022: $1.8B$1.8B2022+10%2023: $2.0B$2.0B2023+9%2024: $2.3B$2.3B2024+16%2025: $2.8B$2.8B2025+20%2026: $3.3B$3.3B2026+19%
Gross profit11121314156$622.0M in 2026+89% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $329.8M$329.8M20192020: $269.2M$269.2M2020−18%2021: $275.9M$275.9M2021+2%2022: $313.2M$313.2M2022+14%2023: $370.1M$370.1M2023+18%2024: $442.3M$442.3M2024+20%2025: $527.7M$527.7M2025+19%2026: $622.0M$622.0M2026+18%
Net income11121314156$187.7M in 2026+2403% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $7.5M$7.5M20192020: $4.4M$4.4M2020−41%2021: $35.8M$35.8M2021+714%2022: $78.7M$78.7M2022+120%2023: $90.2M$90.2M2023+15%2024: $46.3M$46.3M2024−49%2025: $12.5M$12.5M2025−73%2026: $187.7M$187.7M2026+1402%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2026-05-312025-05-312024-05-31
Sales$3.3B$2.8B$2.3B
Cost of sales$2.7B$2.3B$1.9B
Gross profit$622.0M$527.7M$442.3M
Provision for credit losses$2.1M$200.0K$700.0K
Selling, general and administrative$349.3M$347.7M$312.2M
Earnings (Loss) from joint ventures$7.2M$5.4M-$200.0K
Operating income$277.8M$185.2M$129.2M
Bargain purchase gain$29.5M
Gain on sale of headquarters building$9.8M
Pension settlement charge-$26.7M
Gain (Loss) related to sale and exit of businesses$1.4M-$72.4M-$2.8M
Other expense, net-$2.1M-$300.0K-$400.0K
Interest expense-$72.1M-$75.4M-$43.2M
Interest income$1.6M$1.8M$2.2M
Income (loss) before income tax expense$245.9M$38.9M$58.3M
Income tax expense$58.2M$26.4M$12.0M
Net income$187.7M$12.5M$46.3M
Earnings per share - basic (in dollars per share)$4.88$0.35$1.30
Earnings per share - diluted (in dollars per share)$4.86$0.35$1.29
Weighted average shares outstanding - basic (in shares)38.3M shares35.6M shares35.1M shares
Weighted average shares outstanding - diluted (in shares)38.4M shares35.8M shares35.4M shares

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Corporate structure

AAR Corp sits at the top of its group. 57 entities, 14 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of AAR Corp

  • AAR Corp Wood Dale, Illinois, United States
    • AAR (25262) LLC Subsidiary · Delaware, United States
    • AAR Aircraft & Engine Sales & Leasing, Inc. Subsidiary · Illinois, United States
    • AAR Aircraft Services – Trois Rivieres ULC Subsidiary · British Columbia, Canada
    • AAR Aircraft Services – Windsor ULC Subsidiary · British Columbia, Canada
    • AAR Aircraft Services, Inc. Subsidiary · Illinois, United States
    • AAR Aircraft Services, LLC (formerly HAECO Airframe Services, LLC) Subsidiary · Delaware, United States
    • AAR Airlift Group Afghanistan Inc. Logistic Services Subsidiary · Afghanistan
    • AAR Airlift Group Peru S.A.C. Subsidiary · Peru
    • AAR Airlift Group, Inc. Subsidiary · Florida, United States
    • AAR Airlift Pakistan (Private) Limited Subsidiary · Pakistan
    • AAR Airlift Panama, Inc. Subsidiary · Panama
    • AAR Airlift S.A.S. Subsidiary · Colombia
    • AAR Allen Services, Inc. Subsidiary · Illinois, United States
    • AAR Americas, LLC (formerly HAECO Americas, LLC) Subsidiary · Delaware, United States
    • AAR Asset Management, LLC Subsidiary · Delaware, United States
    • AAR Australia, L.L.C. Subsidiary · Illinois, United States
    • AAR Canada Holdings ULC Subsidiary · British Columbia, Canada
    • AAR Component Services (Thailand) Ltd Subsidiary · Thailand
    • AAR Component Services – Grand Prairie, Inc. Subsidiary · Delaware, United States
    • AAR Component Services – Hot Springs, LLC Subsidiary · Arkansas, United States
    • AAR CORP. Foundation Subsidiary · Illinois, United States
    • AAR Defence Services Canada ULC Subsidiary · British Columbia, Canada
    • AAR Global Services – Australia Pty Ltd Subsidiary · Australia
    • AAR Government Services, Inc. Subsidiary · Illinois, United States
    • AAR International Financial Services, L.L.C. Subsidiary · Illinois, United States
    • and 31 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What AAR Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$7.3M6 May 31, 2026$9.2M6 May 31, 2025−20.7%
Buildings and improvements$92.7M6 May 31, 2026$118.3M6 May 31, 2025−21.6%
Property and equipment, before depreciation$409.1M6 May 31, 2026$437.2M6 May 31, 2025−6.4%
Accumulated depreciation$242.2M6 May 31, 2026$278.7M6 May 31, 2025−13.1%
Property and equipment, net$166.9M6 May 31, 2026$158.5M6 May 31, 2025+5.3%
Operating-lease assets (leased space)$210.8M6 May 31, 2026$93.3M6 May 31, 2025+125.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$84.0M6 May 31, 2026$96.5M6 May 31, 2025−13.0%
Stakes in other companies (equity method)$49.0M6 May 31, 2026$32.3M6 May 31, 2025+51.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$580.3M6 May 31, 2026$530.8M6 May 31, 2025+9.3%
Intangible assets, net (excluding goodwill)$281.6M6 May 31, 2026$219.6M6 May 31, 2025+28.2%
Finite-lived intangibles, gross$311.2M6 May 31, 2026$241.9M6 May 31, 2025+28.6%
Accumulated amortization-$53.7M6 May 31, 2026-$29.5M6 May 31, 2025−82.0%
Finite-lived intangibles, net$257.5M6 May 31, 2026$212.4M6 May 31, 2025+21.2%

Inventory

ItemLatestA year beforeChange
Inventory, total$979.0M6 May 31, 2026$809.2M6 May 31, 2025+21.0%
Work in process$56.1M6 May 31, 2026$29.9M6 May 31, 2025+87.6%
Finished goods$737.2M6 May 31, 2026$659.4M6 May 31, 2025+11.8%

Properties, in its own words

In our Parts Supply segment, we primarily operate from our leased headquarters in Wood Dale, Illinois and locations in Jacksonville, Florida and Randolph, New Jersey. In addition to warehouse space in our Wood Dale, Illinois location, this facility also includes executive, sales and administrative offices which support all of our segments.

In our Repair, Engineering, and Software segment, our Airframe MRO services are conducted at U.S. facilities leased by us in Indianapolis, Indiana; Oklahoma City, Oklahoma; Miami, Florida; Rockford, Illinois; Greensboro, North Carolina; and Lake City, Florida and at Canadian facilities leased by us in Trois Rivieres, Quebec and Windsor, Ontario. Our Component MRO services are primarily conducted at owned facilities in Hot Springs, Arkansas; Grand Prairie, Texas; Wellington, Kansas; Chonburi, Thailand; and Amsterdam, Netherlands.

The rest of Item 2

In our Government Solutions segment, our services are primarily conducted from leased facilities in Rockledge, Florida; Ogden, Utah; Jacksonville, Florida; and Windsor, Connecticut. Our Mobility Systems products and services are primarily conducted from an owned facility in Cadillac, Michigan.

In our Legacy Commercial Programs segment, our services are primarily conducted from leased facilities in Brussels, Belgium and Crawley, England.

We also operate sales offices that support all our activities and are leased in London, England; Crawley, England; Paris, France; Rio de Janeiro, Brazil; Tokyo, Japan; Shanghai, China; Singapore, Republic of Singapore; and Dubai, United Arab Emirates.

We believe that our owned and leased facilities are suitable and adequate for our operational requirements.

Item 2 of the 10-K filed Jul 22, 2026.21

The story

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.

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.

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. In late December 2025, it was announced that AAR would be permanently closing its Indianapolis location by February 28, 2027.

Lobbying and corruption

During the first 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 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.

From Wikipedia’s article on AAR Corp., shared under CC BY-SA 4.0.8

Leadership

Who has led AAR Corp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. David P. Storch2003–2018

Chair

  1. David P. Storch2005–2018

President

  1. David P. Storch2003–2017
  2. Timothy J. Romenesko2007–2015

Chief financial officer

  1. Timothy J. Romenesko2003–2017
  2. Richard J. Poulton2007–2012
  3. John C. Fortson2013–2015
  4. Michael D. Milligan2017–2018
  5. Sean M. Gillen2019–2025
  6. Sarah Louise Flanagan2025–2026
  7. Dylan Zachary Wolin2026–now

Chief operating officer

  1. Timothy J. Romenesko2007–2017
197019801990200020102020
Board members and other officers (38)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • AAR (25262) LLC Delaware9
  • AAR Aircraft & Engine Sales & Leasing, Inc. Illinois9
  • AAR Aircraft Services – Trois Rivieres ULC British Columbia9
  • AAR Aircraft Services – Windsor ULC British Columbia9
  • AAR Aircraft Services, Inc. Illinois9
  • AAR Aircraft Services, LLC (formerly HAECO Airframe Services, LLC) Delaware9
  • AAR Airlift Group Afghanistan Inc. Logistic Services Afghanistan9
  • AAR Airlift Group Peru S.A.C. Peru9
  • AAR Airlift Group, Inc. Florida9
  • AAR Airlift Pakistan (Private) Limited Pakistan9
  • AAR Airlift Panama, Inc. Panama9
  • AAR Airlift S.A.S. Colombia9
  • AAR Allen Services, Inc. Illinois9
  • AAR Americas, LLC (formerly HAECO Americas, LLC) Delaware9
  • AAR Asset Management, LLC Delaware9
  • AAR Australia, L.L.C. Illinois9
  • AAR CORP. Delaware9
  • AAR CORP. Foundation Illinois9
  • AAR Canada Holdings ULC British Columbia9
  • AAR Component Services (Thailand) Ltd Thailand9
  • AAR Component Services – Grand Prairie, Inc. Delaware9
  • AAR Component Services – Hot Springs, LLC Arkansas9
  • AAR Defence Services Canada ULC British Columbia9
  • AAR Global Services – Australia Pty Ltd Australia9
All 58 listed subsidiaries
  • AAR Government Services, Inc. Illinois9
  • AAR International Financial Services, L.L.C. Illinois9
  • AAR International, Inc. Illinois9
  • AAR Ireland Limited Ireland9
  • AAR Japan, Inc. Illinois9
  • AAR Manufacturing, Inc. Illinois9
  • AAR Supply Chain, Inc. Illinois9
  • AARIFS (25092) LLC Delaware9
  • AARIFS (25093) LLC Delaware9
  • AARIFS (561) LLC Illinois9
  • AARIFS (662) LLC Delaware9
  • ADI American Distributors Limited United Kingdom9
  • ADI American Distributors, LLC New Jersey9
  • ADI Electronics Manufacturing Technologies Pvt Ltd India9
  • Aeronautica Corporation Illinois9
  • Aerostrat Corp. Delaware9
  • Aircraft Reconfig Technologies LLC Delaware9
  • Airinmar Limited United Kingdom9
  • Airvoyant, Inc. Delaware9
  • Allen Airmotive Properties B.V. Netherlands9
  • American Distributors Holding Co., LLC Delaware9
  • Aviation Maintenance Staffing, Inc. Delaware9
  • Beck Illuminations LLC New Jersey9
  • Brown International Corporation Alabama9
  • EP Aviation, LLC Delaware9
  • Gemini Components, LLC Delaware9
  • Microwave Components, LLC Delaware9
  • NewVac, LLC Delaware9
  • Onset Aviation Parts, Inc. Delaware9
  • Osprey 737-300 Leasing LLC Delaware9
  • TN-AR Holdings LLC Delaware9
  • Technisch Handelskantoor Lloyd B.V. Netherlands9
  • Trax USA Corp. Florida9
  • Wide Open Sky General Trading & Services, LLC Iraq9

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Sep 29, 20268-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure68
  2. Sep 28, 20268-K Results of operations69
  3. Sep 24, 20268-K Executive or director change; Shareholder vote70
  4. Jul 24, 20268-K Executive or director change71
  5. Jul 21, 20268-K Results of operations72
  6. May 12, 20268-K Regulation FD disclosure73
  7. May 6, 20268-K Regulation FD disclosure74
  8. Apr 24, 20268-K Regulation FD disclosure; Other events75
  9. Mar 24, 20268-K Results of operations76
  10. Feb 11, 20268-K Executive or director change; Regulation FD disclosure77
  11. Jan 23, 20268-K Executive or director change78
  12. Jan 6, 20268-K Results of operations79
  13. Jul 14, 2003New chief executive David P. Storch becomes CEO22
  14. 1951Founded Founded1

Calendar

When it reported results

  1. Sep 28, 2026Reported quarterly or annual results69
  2. Jul 21, 2026Reported quarterly or annual results72
  3. Mar 24, 2026Reported quarterly or annual results76
  4. Jan 6, 2026Reported quarterly or annual results79
  5. Sep 23, 2025Reported quarterly or annual results80
  6. Jul 16, 2025Reported quarterly or annual results81
  7. Mar 27, 2025Reported quarterly or annual results82
  8. Jan 7, 2025Reported quarterly or annual results83

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

451 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 70 major events, 250 insider forms, 32 large holders, 79 other. The latest 20:

  1. Oct 1, 2026S-8 EDGAR
  2. Sep 29, 202610-Q EDGAR
  3. Sep 29, 20268-K EDGAR
  4. Sep 28, 20268-K EDGAR
  5. Sep 24, 20268-K EDGAR
  6. Sep 1, 20264 PRIMARY DOCUMENT EDGAR
  7. Sep 1, 20264 PRIMARY DOCUMENT EDGAR
  8. Aug 10, 2026DEFA14A EDGAR
  9. Aug 4, 2026ARS EDGAR
  10. Aug 4, 2026DEFA14A EDGAR
  11. Aug 4, 2026DEF 14A EDGAR
  12. Aug 3, 20264 PRIMARY DOCUMENT EDGAR
  13. Aug 3, 20264 PRIMARY DOCUMENT EDGAR
  14. Aug 3, 20264 PRIMARY DOCUMENT EDGAR
  15. Aug 3, 20264 PRIMARY DOCUMENT EDGAR
  16. Jul 24, 20268-K EDGAR
  17. Jul 24, 20264 PRIMARY DOCUMENT EDGAR
  18. Jul 24, 20264 PRIMARY DOCUMENT EDGAR
  19. Jul 24, 20264 PRIMARY DOCUMENT EDGAR
  20. Jul 24, 20264 PRIMARY DOCUMENT EDGAR

The 451 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

99 open-market trades by officers, directors and large owners since October 2021: 0 buys and 99 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 27, 2026Holmes John McClain IIIChairman, President & CEOSale26,175$107.60$2.8MForm 4
Mar 26, 2026Garascia Jessica A.Senior VP, GC, CAO & SecretarySale6,284$112.20$705.1KForm 4
Mar 26, 2026Holmes John McClain IIIChairman, President & CEOSale60,000$112.41$6.7MForm 4
Mar 26, 2026Nolen BillyDirectorSale1,562$111.00$173.4KForm 4
Feb 4, 2026Flanagan Sarah LouiseInterim CFO VP Fin OpsSale10,750$108.56$1.2MForm 4
Feb 3, 2026Holmes John McClain IIIChairman, President & CEOSale10,000$108.44$1.1MForm 4
Jan 22, 2026Pachapa EricVP-CAO & ControllerSale4,983$105.94$527.9KForm 4
Jan 14, 2026Holmes John McClain IIIChairman, President & CEOSale9,947$99.41$988.8KForm 4
Jan 13, 2026Holmes John McClain IIIChairman, President & CEOSale16,802$98.93$1.7MForm 4
Jan 12, 2026Holmes John McClain IIIChairman, President & CEOSale30,000$97.50$2.9MForm 4
Jan 9, 2026Jessup Christopher A.Senior Vice President-CCOSale23,621$97.05$2.3MForm 4
Jan 8, 2026Garascia Jessica A.Senior VP, GC, CAO & SecretarySale4,787$95.25$456.0KForm 4
Jan 2, 2026Holmes John McClain IIIChairman, President & CEOSale23,077$84.12$1.9MForm 4
Nov 5, 2025Holmes John McClain IIIChairman, President & CEOSale38,462$83.50$3.2MForm 4
Aug 7, 2025Holmes John McClain IIIChairman, President & CEOSale10,000$71.70$717.0KForm 4
Aug 4, 2025Pachapa EricVP-CAO & ControllerSale5,000$72.92$364.6KForm 4
Jul 24, 2025Holmes John McClain IIIChairman, President & CEOSale31,551$78.03$2.5MForm 4
Jul 23, 2025Holmes John McClain IIIChairman, President & CEOSale25,000$77.34$1.9MForm 4
Jul 23, 2025Garascia Jessica A.Senior VP, GC, CAO & SecretarySale3,631$77.08$279.9KForm 4
Jul 23, 2025Gillen Sean M.Senior VP-CFOSale18,000$77.37$1.4MForm 4

All 99 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2026John M. HolmesPresident and Chief Executive Officer$1.1M$9.9M92
2026Christopher A. JessupSenior Vice President, Chief Commercial Officer$525.0K$3.2M92
2026Jessica A. GarasciaSenior Vice President, General Counsel, Chief Administrative Officer and Secretary$478.0K$2.3M92
2026Sarah L. FlanaganVice President, Financial Operations and Former Interim Financial Officer*$393.7K$2.1M92
2026Sean M. GillenFormer Senior Vice President and Chief Financial Officer*$302.6K$1.9M92
2026Eric S. PachapaVice President, Controller and Chief Accounting Officer$393.0K$1.7M92
2026Dylan Z. WolinSenior Vice President and Chief Financial Officer$125.0K$1.5M92
2025John M. HolmesPresident and Chief Executive Officer$1.1M$8.1M92
2025Christopher A. JessupSenior Vice President, Chief Commercial Officer$509.0K$2.7M92
2025Sean M. GillenFormer Senior Vice President and Chief Financial Officer*$509.0K$2.7M92
2025Jessica A. GarasciaSenior Vice President, General Counsel, Chief Administrative Officer and Secretary$463.5K$1.9M92
2025Eric S. PachapaVice President, Controller and Chief Accounting Officer$382.0K$1.2M92
2024John M. HolmesPresident and Chief Executive Officer$1.1M$7.9M92
2024Christopher A. JessupSenior Vice President, Chief Commercial Officer$494.0K$2.4M92
2024Sean M. GillenFormer Senior Vice President and Chief Financial Officer*$494.0K$2.4M92
2024Jessica A. GarasciaSenior Vice President, General Counsel, Chief Administrative Officer and Secretary$450.0K$2.1M92
2024Eric S. PachapaVice President, Controller and Chief Accounting Officer$371.0K$1.4M92

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.6,472,176$925.1M0.0%+298,133
State Street Corp2,834,085$405.1M0.0%+246,464
Vanguard Portfolio Management LLC2,182,385$311.9M0.0%+52,463
Dimensional Fund Advisors LP1,933,597$276.4M0.1%−11,092
Vanguard Capital Management LLC1,717,998$245.6M0.0%+21,229
Invesco Ltd.1,601,129$228.8M0.0%+207,471
Earnest Partners LLC1,252,035$179.0M0.6%−53,035
Capital Research Global Investors1,160,069$165.8M0.0%−63,191
Geode Capital Management, LLC1,139,685$162.9M0.0%+165,351
American Century Companies Inc783,011$111.9M0.0%−45,039
Westwood Holdings Group Inc777,449$111.1M0.8%−171,223
Broad Bay Capital Management, LP749,675$107.2M10.2%−68,650
Fuller & Thaler Asset Management, Inc.742,076$106.1M0.3%+23,986
Principal Financial Group Inc633,597$90.6M0.0%−42,089
Barrow Hanley Mewhinney & Strauss LLC589,454$84.3M0.3%−32,639
Loomis Sayles & Co L P582,574$83.3M0.1%−56,311
Charles Schwab Investment Management Inc538,063$76.9M0.0%−7,709
Emerald Advisers, LLC521,919$74.6M1.8%+76,226
Morgan Stanley474,645$67.8M0.0%−48,044
Ophir Asset Management Pty Ltd447,138$63.9M5.3%−92,834
Northern Trust Corp437,857$62.6M0.0%+36,822
Fmr LLC391,950$56.0M0.0%+180,487
Nuveen, LLC386,516$55.2M0.0%+58,170
Wellington Management Group Llp377,784$54.0M0.0%−151,160
Frontier Capital Management Co LLC350,441$50.1M0.5%−76,746

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How AAR Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAAR CORP2
  • CIK0000001750
  • Employer ID (EIN)36-233482021
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company21
  • Incorporated inDelaware21
  • Fiscal year endsMay 312
  • Industry code (SIC)3720 Aircraft & Parts2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address1100 N Wood Dale Rd, Wood Dale, IL 601912
  • Phone63022720002
  • Shares outstanding40,194,211 as of Aug 31, 202616
  • Public float$3.2B as of Nov 28, 202521
  • AuditorKPMG LLP, Chicago, Illinois PCAOB ID 185; it also attests to the company’s internal control over financial reporting21
  • On EDGAR sinceJan 13, 19942
  • Filings2,362 in all: 4 (1,221), 8-K (296), SC 13G/A (153), 4/A (105), 10-Q (99), 5 (59), 144 (47), SC 13G (46)2
    All 45 form types

    3 (39), DEF 14A (33), UPLOAD (32), CORRESP (30), 10-K (27), S-8 (22), 424B3 (19), ARS (18), DEFA14A (13), SD (13), 8-K/A (9), 3/A (7), 10-K405 (6), SC TO-I/A (6), SCHEDULE 13G (6), 5/A (5), S-3ASR (5), S-4/A (5), 424B5 (4), S-3 (4), SCHEDULE 13G/A (4), 424B2 (3), 8-A12B (3), EFFECT (3), SC 13D/A (3), 10-Q/A (2), 25-NSE (2), POS AM (2), S-4 (2), SC TO-I (2), 8-A12B/A (1), CERT (1), CERTNYS (1), PRE 14A (1), S-3/A (1), S-8 POS (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Jul 22, 2026
    Quarterly report (10-Q) Sep 29, 2026
    Proxy statement (DEF 14A) Aug 4, 2026
    Latest 8-K (8-K) Sep 29, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $1.00 par valueAIRNYSE
Common Stock, $1.00 par valueAIRNew York Stock Exchange

From the cover page of the 10-K filed Jul 22, 2026 (Section 12(b) of the Exchange Act).21

Risk factors and legal proceedings

The risks AAR Corp names in Item 1A of its 10-K filed Jul 22, 2026: 22 risks under these headings, as written.21

  • Risks Related to Our Business and Industry
  • We are affected by factors that adversely impact the commercial aviation industry.
  • Adverse events that occur in the aviation industry generally may adversely affect our reputation, which may adversely affect our business, financial results, financial condition and stock price.
  • Our U.S. government contracts may not continue at present sales levels, which may have a material adverse effect on our financial condition and results of operations.
  • We use estimates when accounting for long-term contracts and face risks of cost overruns and losses on these contracts.
  • If our subcontractors or suppliers fail to perform their contractual obligations, our contract profitability and our ability to win new contracts may be adversely affected.
  • The success of our Repair, Engineering, and Software segment is dependent upon our ability to manage our operational footprint.
  • The success of our Repair, Engineering, and Software business segment is dependent upon continued outsourcing by the airlines.
  • Our operations may be adversely affected by a shortage of skilled personnel or work stoppages.
  • We operate in highly competitive markets, and competitive pressures may adversely affect us.
  • We are exposed to risks associated with operating internationally.
  • Acquisitions, which are a part of our business strategy, expose us to risks, including the risk that we may be unable to achieve the anticipated benefits from the acquired businesses.
The other 11 risks
  • Circumstances associated with divestitures could adversely affect our results of operations and financial condition.
  • Market values for our aviation products fluctuate and we may be unable to recover our costs incurred on engines, rotable components and other aircraft parts.
  • Risks Related to Technology and Intellectual Property
  • Our business could be negatively affected by cyber or other security threats or other disruptions.
  • We may need to make significant capital expenditures to keep pace with technological developments in our industry and we may not be successful in doing so.
  • We do not own certain intellectual property and tooling that is important to our business, and we may be unable to protect the value of our intellectual property.
  • Risks Related to Financial Matters
  • Our debt exposes us to certain risks.
  • We are dependent upon continued availability of financing to manage our business and to execute our business strategy, and additional financing may not be available on terms acceptable to us.
  • Restrictive covenants in the documents governing our existing and any future indebtedness may limit our current and future operations, particularly our ability to respond to changes in our business or to pursue our business strategies.
  • Risks Related to Legal and Regulatory Matters
  • If we fail to comply with laws and regulations governing federal contractors, we could lose business and be liable for various penalties or sanctions.
  • We are subject to significant government regulation, which may cause us to incur significant expenses to comply with new or more stringent governmental regulation and may subject us to regulatory actions, which may adversely impact our business, financial condition or results of operations.
  • Our industry is susceptible to product and other liability claims, and claims not adequately covered by insurance may adversely affect our financial condition.

Legal proceedings

Note 16 of the Notes to our Consolidated Financial Statements for the year ended May 31, 2026 contained in Item 8 of this Annual Report on Form 10-K includes information on legal proceedings that constitute material contingencies for financial reporting purposes that could have a material adverse effect on our consolidated financial position or liquidity if they were resolved in a manner that is adverse to us. The information in Note 16 is incorporated by reference in this Item 3.

There are no matters which constitute material pending legal proceedings to which we are a party other than those incorporated into this Item 3 by reference from Note 16 to our Consolidated Financial Statements for the year ended May 31, 2026 contained in Item 8 of this Annual Report on Form 10-K.

The opening of Item 3, Legal Proceedings.21

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