April 20, 2015
AAR Wins Progress Minnesota Award
Governor recognizes Progress Minnesota Day for Finance & Commerce event
Gov. Mark Dayton has declared April 9 as “Progress Minnesota Day” in honor of the Finance & Commerce newspaper’s annual Progress Minnesota awards.
The awards, now in their fourth year, recognize entrepreneurs, individuals, businesses, manufacturers, nonprofits and economic development organizations for moving the Minnesota economy forward in innovative ways.
The 2015 Lifetime Achievement award will go to M.A. “Mort” Mortenson Jr., who is retiring as chair of the company his father started in the 1950s. When Mortenson took over the company in 1976, the company had $33 million in revenue and 224 employees. Now the construction and development company has more than $2.5 billion in revenue and 3,800 employees.
The April 9 event will recognize 27 honorees at the Hyatt hotel in downtown Minneapolis. Seats are still available for the event. For more information about Progress Minnesota, call Amanda Dorn at 612-485-1534.
Lifetime Achievement:
M.A. “Mort” Mortenson Jr. | M.A. Mortenson Co.
Individuals:
David Bice | Bald Eagle Erectors, Inc.
Louis J. King II | Summit Academy OIC
Eileen Manning | The Event Group
Companies:
75F
AAR CORP.
American Mortgage and Equity Consultants Inc.
Andersen Windows
Bercom International
BioMatrix International
Cambria Co.
Cardiovascular Systems, Inc.
Cirrus Aircraft Corporation
DataBank
Digi-Key
Fun.com
GeneSegues Therapeutics
HelpSystems
JAMF Software
Marco, Inc.
maurices
Measurement Specialties
METRO Green Line
National Marrow Donor Program
Olympus Surgical Technologies America
PrairieCare
ThreeBridge Solutions
Minneapolis-based Finance & Commerce, which publishes Tuesday through Saturday, focuses on commercial real estate, construction, economic development and regional planning. Its corresponding website, www.finance-commerce.comis updated daily with the latest news and data. Finance and Commerce Inc. is also the publisher of the Minnesota Lawyer weekly and the St. Paul Legal Ledger/Capitol Report and politicsinminnesota.com.
About AAR
AAR is a global aftermarket solutions company that employs more than 6,000 people in over 20 countries. Based in Wood Dale, Illinois, AAR supports commercial aviation and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; engineering services and component repair. AAR’s Expeditionary Services include airlift operations; mobility systems; and command and control centers in support of military and humanitarian missions. More information can be found at www.aarcorp.com.
Media contact: Daniela Pietsch, Vice President Corporate Marketing & Communications, at editor@aarcorp.com or +1 630-227-5100.
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 Form 10-K for the fiscal year ended May 31, 2018. 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 signs new component repair agreement with Cebu Pacific
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced a multi-year agreement to provide Cebu Pacific Air with nacelle maintenance, repair, and overhaul services for the airline’s A320 fleet powered by the CFM56-5B engine. This work will be performed at AAR’s Component Services facility in Chonburi, Thailand.
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AAR’s Component Services facility in Amsterdam ranked No.1 Best Source of Repair by NATO Support and Procurement Agency
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced that its Component Services facility in Amsterdam has been named a “Best Source of Repair” and ranked number one among all component source of repair (SOR) facilities by the NATO Support and Procurement Agency (NSPA) and the International Aerospace Management Company (IAMCO). Both organizations manage maintenance work for NATO.
