What Happened
Aviation Services Provider Expands Engineering Capabilities
AAR CORP, a leading provider of aviation services, has completed its acquisition of Aircraft Reconfig Technologies (ART), an engineering company specializing in passenger aircraft reconfiguration for global airlines. The $35 million all-cash transaction immediately expands AAR’s engineering and certification capabilities, including the addition of FAA Organization Designation Authorization (ODA). This move is expected to enhance AAR’s aircraft cabin interior design, manufacturing, and certification offerings. The acquisition was announced by AAR CORP, as reported by Financial Times.