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AAR Reports Second Quarter Results

  • Thursday, 21st December 2000
  • Reading time: less than a minute

AAR today reported net income of $4.3 million for the second quarter of Fiscal 2001, which ended November 30, 2000, lower than the prior year primarily due to lower aircraft and engine sales, engine parts sales and sales of products in support of U.S. Government rapid deployment activities. In one of the significant developments in the period, AAR was awarded a contract with Lufthansa Technik, Hamburg, Germany, one of the largest providers of aircraft-related technical services worldwide. Under terms of the contract, AAR will provide composite interior linings for twelve Boeing Business Jets (BBJ), with options for up to twenty additional linings.AAR the preeminent provider of products and value-added services to the worldwide aerospace/aviation industry. Products and services include proprietary inventory management and logistic support services, encompassing supply, repair and manufacture of spare parts and systems.

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