• AAR to acquire 65% of MRO Holdings for $1.8 billion.
• MRO Holdings expected to generate $1.0 billion in sales and $285 million in adjusted EBITDA in 2026.
• Acquisition to expand AAR's heavy maintenance MRO capabilities and increase adjusted EBITDA margin to 16%.
• AAR expects to achieve $75 million in run-rate cost synergies within three to four years.

This acquisition may signal AAR's intent to strengthen its position in the aviation aftermarket, potentially increasing its competitiveness against other industry players. The expansion of heavy maintenance MRO capabilities could also suggest a growing demand for such services, which may benefit AAR's long-term growth prospects.