AAR breaks ground on MRO facility expansion in Miami

From left to right: James Crane, RalphCutié, John M. Holmes, Mayor Daniella Levine Cava, and Tom Hoferer (AAR's SVP of Repair & Engineering) gather to celebrate construction of an additional AAR Airframe MRO facility at Miami International Airport.


Wood Dale, Illinois - AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, broke ground on its new maintenance, repair, and overhaul facility in Miami earlier today.

More than 400 attendees gathered to celebrate the occasion, where AAR's Chairman, President and CEO John M. Holmes expressed appreciation for the collaborative efforts that are making the expansion possible. United Airlines' Vice President of Tech Ops - Heavy Maintenance James Crane, Miami International Airport Director and CEO Ralph Cutié, and Miami-Dade County Mayor Daniella Levine Cava also shared their enthusiasm for the project in prepared remarks.

AAR's new 114,000 square foot facility is being constructed adjacent to the Company's existing hangar at Miami International Airport and will increase maintenance capacity at AAR's Miami Airframe MRO by 33%. The new three-bay facility will support a dedicated narrow body maintenance commitment from United Airlines and create more than 200 jobs in Miami.

Miami-Dade County has committed to reimbursing the cost of constructing the facility, which is expected to be operational in October of 2025.

"As a leader in international passengers and cargo, MIA is one of the busiest and best mega airports in the country - and AAR's significant infrastructure investment only advances our local aviation industry," said Miami-Dade County Mayor Daniella Levine Cava. "This expansion will strengthen the robust training and repair programs AAR is known for and bring more than 200 new jobs to Miami-Dade County."

"The construction of this facility is an important step in AAR's growth strategy that enables us to best serve our valued customers. We are enthusiastic that our expansion in Miami will create career opportunities and continue to strengthen the aviation industry in south Florida," said Holmes. "I would like to extend special thanks to United, the Miami-Dade Board of County Commissioners, Miami International Airport, and all federal, state, and local partners."

For more information on AAR, visit aarcorp.com.

About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. Additional information can be found at aarcorp.com.

This media 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, reflecting management's expectations about future conditions, including anticipated benefits of the expansion to strengthen AAR's training and repair programs. Forward-looking statements may also be identified because they contain words such as ''anticipate,'' ''believe,'' ''continue,'' ''could,'' ''estimate,'' ''expect,'' ''intend,'' ''likely,'' ''may,'' ''might,'' ''plan,'' ''potential,'' ''predict,'' ''project,'' ''seek,'' ''should,'' ''target,'' ''will,'' ''would,'' or similar expressions and the negatives of those terms. 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. For a discussion of these and other risks and uncertainties, refer to "Risk Factors" in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. 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.