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CHICAGO - AAR CORP. (NYSE:AIR), a $2.67 billion aerospace services provider currently trading at $75.40, has acquired aviation maintenance planning software company Aerostrat for $15 million, plus potential contingent consideration of up to $5 million, according to a press release statement issued Tuesday.
The acquisition expands AAR’s software capabilities through its Trax subsidiary, which provides enterprise resource planning systems for the aviation industry. According to InvestingPro data, AAR has demonstrated strong business momentum with impressive revenue growth of 19.91% over the last twelve months.
Aerostrat’s flagship product, Aerros, offers long-range heavy maintenance planning solutions for airlines, MROs (maintenance, repair, and overhaul providers), and cargo companies. The software currently supports more than 5,000 aircraft worldwide.
Andrew Schmidt, Senior Vice President of AAR Digital Services and President of Trax, said the acquisition "marks an important step in AAR’s strategy to advance the next generation of maintenance products and services."
Aerostrat CEO Elliot Margul noted that the Seattle-based company, founded in 2015, will continue its customer-centric approach under AAR’s ownership.
The companies indicated that Aerros will be available both as part of the Trax suite of products and as a standalone solution compatible with all ERP platforms.
AAR, headquartered in the Chicago area, provides aerospace and defense aftermarket solutions with operations in over 20 countries. The company supports commercial and government customers through four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services.
In other recent news, AAR Corp reported impressive financial results for the fourth quarter of its fiscal year 2025. The company achieved earnings per share of $1.16, surpassing the expected $1.00, and generated revenue of $755 million, exceeding projections by 8.67%. These results indicate strong performance and have likely contributed to positive investor sentiment. Additionally, AAR Corp announced the pricing of a $150 million add-on offering of 6.750% senior notes due 2029. The notes will be issued at 102.000% of their principal amount, yielding 6.119% to maturity, and are part of an existing indenture under which $550 million of notes were previously issued. This move follows the company’s recent announcement of its intention to offer the additional senior notes, subject to market conditions.
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