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SCOTTSDALE, Ariz. - StandardAero (NYSE:SARO), a $9.2 billion market cap aerospace services provider with annual revenues exceeding $5.6 billion, has named Gregory Krekeler as President of its Component Repair Services business, according to a company press release issued Monday.
Krekeler succeeds Kimberly Ashmun, who will remain with the aerospace engine aftermarket services provider through year-end to support the leadership transition. He will be based in Cincinnati and report to Chief Operating Officer Kim Ernzen. According to InvestingPro data, the company has demonstrated strong performance with 16% revenue growth in the last twelve months.
The new CRS president brings over 20 years of aerospace and defense experience to the role. Most recently, he served as Vice President and General Manager of StandardAero’s Maryville, Tennessee facility. His previous experience includes nearly two decades in engineering, supply chain and procurement leadership positions at Boeing in both the United States and United Kingdom, as well as roles at McDonnell Douglas.
Krekeler holds an MBA, a Master of Science in Aerospace Engineering, and a Bachelor of Science in Aerospace Engineering.
"Greg is well positioned to lead our Component Repair Services business into the future," said Ernzen in the statement. "He has a strong track record of operational excellence and customer focus, combined with deep experience in the industry and with StandardAero."
StandardAero provides aerospace engine aftermarket services for fixed- and rotary-wing aircraft across commercial, military and business aviation markets. The company offers engine maintenance, repair and overhaul, component repair, and related services. With a solid current ratio of 2.15, InvestingPro analysis shows the company maintains strong liquidity to support its operations. Discover more insights about StandardAero and 1,400+ other companies through comprehensive Pro Research Reports available on InvestingPro.
In other recent news, StandardAero Inc. reported its second-quarter 2025 earnings, with revenue reaching $1.53 billion, surpassing expectations and marking a 13.5% increase year-over-year. However, the company’s earnings per share (EPS) slightly missed forecasts, coming in at $0.20 compared to the anticipated $0.21. Jefferies responded to the earnings report by raising its price target for StandardAero to $40.00, citing strong growth and maintaining a Buy rating. Barclays initiated coverage with an Overweight rating, highlighting the company’s strong position in GE’s narrowbody aftermarket, which is projected to see double-digit growth. Susquehanna also began coverage on StandardAero with a Positive rating, focusing on the company’s potential in the MRO submarkets within the Aerospace & Defense industry. These developments reflect a growing confidence among analysts regarding StandardAero’s market position and future prospects.
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