Aviation co AAR falls after stock offering launch

AAR

30/09/2025 21:33

** Shares of aerospace & defense firm AAR Corp AIR.N down 6.8% in extended trading to $83.62 as it seeks equity

** Illinois-based firm aviation services firm commences 3 mln share offering

** Co plans to use net offering proceeds to repay borrowings under its revolver and for general purposes, including future acquisitions

** Goldman Sachs, Jefferies and RBC are joint bookrunners

** Co has ~36.1 mln shares outstanding for $3.2 bln market cap

** Shares rose for 7th straight day on Tues and finished up 2% at $89.67, a record high close. YTD, stock up 46%

** All 6 analysts covering AAR are bullish and median PT is $87.50, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))