AAR Completes Acquisition of Aviation Worldwide Services

(Wood Dale, Illinois, April 7, 2010) -- AAR CORP. (NYSE: AIR) announced today that it has completed the acquisition of Aviation Worldwide Services (AWS) announced on March 25, 2010. The acquisition strengthens AAR's ability to support national defense priorities, nation building initiatives and humanitarian relief efforts and serve government "smart power" initiatives.

"The acquisition of AWS advances AAR's long-term strategies to expand our participation in the government services market and increase the engineering content of our products and services," said David P. Storch, Chairman and Chief Executive Officer of AAR CORP. "The new business enables AAR to provide expeditionary airlift support services and perform engineering and design modifications for specialized rotary-wing aircraft."

AAR has transformed from a supplier of aircraft parts and aftermarket services for commercial airlines into a leading, worldwide provider of products and services to customers in both commercial aviation and government/defense markets. Since 2000, AAR increased its sales to government and defense customers at a compounded annual growth rate of 16.5 percent. In its current fiscal year, third-quarter sales to government and defense customers accounted for nearly half of the Company's total sales.

Source : AAR Corporation (NYSE: AIR)