What Happened
Independent Engine MRO Specialist Expects Uptick In Military Business
StandardAero, an independent engine MRO specialist, reported a 4.6% increase in total revenue to $1.6 billion in the second quarter, driven by strong demand in commercial and business aviation segments. Despite a decline in military segment revenues, the company expects an uptick in military business once assets deployed in global conflicts require maintenance. StandardAero also announced a new license expansion with an unnamed OEM partner, adding $180 million to its revenue. According to the company’s CEO, Russell Ford, the strong demand is expected to continue, with commercial revenue growing in the low double digits to mid-teens and military work increasing in the low double digits. This was reported by an unknown source.