AAR

Revenue diversity across commercial airlines, defense, and U.S. government contracts adds resilience. FY2026 sales were 3,308 million, with Parts Supply at 1,488 million, Repair, Engineering and Software at 1,081 million, Government Solutions at 502 million, and a shrinking legacy commercial programs bucket.

Firm backlog was 777 million at May 31, 2026, with about 70 percent expected to convert in fiscal 2027. This, plus the five-year 305 million C-40A CLS award and the long-running DoS WASS program, improves medium-term visibility. Risks include airline cycles, labor availability, and OEM control over licensing.