WOOD DALE, Illinois, June 28, 2013 – AAR (NYSE: AIR) again has been named the No. 1 Airframe MRO Provider in North America and No. 3 in the world, based on an industry survey by Aviation Week, a leading source of global aerospace information.
To arrive at its rankings, Aviation Week examined 2012 revenues and airframe maintenance man-hours of MRO providers. AAR's total man-hours, at 4.6 million in 2012, represented a 33 percent increase from 2011. AAR’s revenue rose to $2.065 billion in fiscal 2012. The company anticipates a 5 to 10 percent increase in man-hours in 2013.
Adding an Aircraft Maintenance Center in Duluth, Minnesota, last year, AAR has expanded its 1MRO (SM) network to five U.S. cities, also including Miami, Indianapolis, Oklahoma City and Hot Springs, Arkansas, providing integrated, yet tailored, MRO services. AAR also has two Engineering Services hubs, in Indianapolis and Singapore.
“It is as an honor to be recognized as the top MRO in America as well as to rank among the best airframe maintenance providers in the world,” said Dany Kleiman, Aviation Services Group Vice President – Repair and Engineering, Technology Products. “We continue to look for viable opportunities to expand both domestically and internationally.”
At the recent Paris Air Show, AAR announced its letter of intent to explore establishing a technical maintenance center for commercial aircraft in Russia.
AAR also ranked No. 1 in North America in the previous biennial survey, which examined 2010 data. In the past two years, the global MRO market value grew by $7 billion and is forecast to be worth $51.6 billion in 2013, according to Aviation Week.
“The 2012 MRO figures examined in this survey reflect that the biggest MROs have become bigger — in their capabilities, footprint, labor hours and revenue,” wrote Lee Ann Tegtmeier, Aviation Week Chief Editor MRO. “If you look at their objectives for 2013 and beyond, those trends should continue, as long as they can find enough qualified maintenance personnel to accommodate their growth plans.”
AAR last year launched aggressive recruitment nationwide to staff its five U.S. aircraft repair stations. The Company prioritizes hiring military veterans, who make up approximately 20 percent of its workforce. AAR also is committed to a number of public-private partnerships to provide skills training at colleges such as Vincennes University Aviation Technology Center in Indianapolis and Olive-Harvey College in Chicago.
AAR is a global aerospace and defense contractor that employs more than 6,000 people in 17 countries. Based in Wood Dale, Illinois, AAR supports commercial, government and defense customers through two operating segments: Aviation Services and Technology Products. AAR’s services include inventory management and parts distribution; aircraft maintenance, repair and overhaul; and expeditionary airlift. AAR’s products include cargo systems and containers; mobility systems and shelters; advanced aerostructures; and command and control systems. More information can be found at www.aarcorp.com.