Pratt & Whitney PW2000

AAR reports second quarter fiscal year 2024 results

Retrieved on: 
Jeudi, décembre 21, 2023
AIR, MRO, Consolidated, Pratt & Whitney PW2000, Acquisition, WOOD, Will Rogers World Airport, Original equipment manufacturer, Alaska Airlines, Growth, USM, Aviation, GAAP, Trax, AAR, Video game

Our adjusted diluted earnings per share from continuing operations in the second quarter of fiscal year 2024 were $0.81, compared to $0.69 in the second quarter of the prior year.

Key Points: 
  • Our adjusted diluted earnings per share from continuing operations in the second quarter of fiscal year 2024 were $0.81, compared to $0.69 in the second quarter of the prior year.
  • Consolidated second quarter sales increased 16% over the prior year quarter.
  • Gross profit margins were 19.0% in the current quarter, compared to 18.3% in the prior year quarter.
  • Operating margins were 7.0% in the current quarter, compared to 6.9% in the prior year quarter.

AAR and MTU Maintenance extend Pratt & Whitney PW2000 aircraft engine parts supply agreement

Retrieved on: 
Mardi, octobre 17, 2023
Partnership, NYSE, Pratt & Whitney PW2000, Original equipment manufacturer, AIR, Pratt, MTU, AAR, Aviation, Indian MRO Industry, PW2000, Jet fuel

Wood Dale, Illinois, Oct. 17, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed a multi-year contract extension with MTU Maintenance, the global market leader in customized solutions for aero engines, to supply parts for Pratt & Whitney PW2000 engines.

Key Points: 
  • Wood Dale, Illinois, Oct. 17, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed a multi-year contract extension with MTU Maintenance, the global market leader in customized solutions for aero engines, to supply parts for Pratt & Whitney PW2000 engines.
  • This fourth extension marks the continuation of an AAR-MTU contract that originally began in 2009.
  • Under the agreement, AAR supplies used serviceable material for the PW2000 engine program at MTU’s facility in Hannover, Germany.
  • “I am looking forward to continuing this successful partnership for years to come.”
    “AAR is thrilled to continue supporting valued customer MTU on the PW2000 engines,” said Christine Bognar, AAR’s PW2000 Product Director.