AAR Corp. Restructures Reporting and Plans to Wind Down Legacy Commercial Programs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 06 2026
0mins
AAR Corp. announced that beginning with the fourth quarter of fiscal year 2026, the Company will report under a new structure using the following four operating segments: Parts Supply remains unchanged from the prior structure, primarily consisting of new parts Distribution and used serviceable material. Repair, Engineering, and Software primarily consists of maintenance, repair, and overhaul (MRO) services across airframe (Airframe MRO) and components (Component MRO), and AAR's software platforms, including Trax, Aerostrat, and Airvoyant. Government Solutions primarily consists of AAR's fleet management and operations of customer-owned aircraft and performance-based logistics programs (Government Programs), and AAR's Mobility Systems activity previously reported as Expeditionary Services. Legacy Commercial Programs primarily consists of asset-heavy flight hour-based component repair programs for commercial airlines, previously reported within Integrated Solutions. AAR also announced that it intends to wind down its Legacy Commercial Programs business. For the last twelve months ended February 28, 2026, the Legacy Commercial Programs business contributed sales of $252.4 million, a GAAP operating loss of ($0.2) million, and adjusted operating income of $5.0 million. Net assets of the Legacy Commercial Programs segment as of February 28, 2026 were approximately $160 million.
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Analyst Views on AIR
Wall Street analysts forecast AIR stock price to fall
6 Analyst Rating
5 Buy
1 Hold
0 Sell
Strong Buy
Current: 110.610
Low
99.00
Averages
106.80
High
121.00
Current: 110.610
Low
99.00
Averages
106.80
High
121.00
About AIR
AAR CORP. is a global aerospace and defense aftermarket solutions company 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. Parts Supply segment primarily consists of its sales of used serviceable material, including aircraft, engine and airframe parts and components and distribution of new parts. Repair & Engineering segment primarily consists of its maintenance, repair, and overhaul (MRO) services across airframes and components. Integrated Solutions segment primarily consists of its fleet management and operations of customer-owned aircraft, customized performance-based supply chain logistics programs and others. Expeditionary Services segment primarily consists of products and services supporting the movement of equipment and personnel by the United States and foreign governments and non-governmental organizations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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