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AAR history
AAR company history timeline
AAR began in 1951 as a vision and a venture, a small entrepreneurial enterprise providing equipment for the newly emerging commercial aviation industry.
Founded in 1951, the Company has grown by anticipating and preparing for this dynamic environment, developing innovative products and programs, and delivering on a commitment to do things right for our customers.
Trade in military surplus radios introduced Eichner to aviation; he went into business while an undergraduate at Roosevelt University in 1951 with a few hundred dollars borrowed from his fiancée.
In 1965 the company expanded by establishing Allen Airmotive, a supply chain facility in Amsterdam.
In 1973, AAR acquired Airponents and Standair.
AAR organized its Aircraft Turbine Center, Inc. in 1979 after future CEO David P. Storch, Eichner's son-in-law, joined the company.
AAR Mobility, acquired in 1981, provides rapid deployment equipment including pallets and containers.
17 years after its European expansion with Allen Airmotive, in 1982 AAR opened an office in Singapore to serve customers in the Asia-Pacific region.
AAR established Aircraft Turbine center in 1984 to expand its presence in the aircraft engine business.
AAR bought Circament Coating Technology Inc., a New York firm repairing turbine engine parts, in 1984.
Fiscal year 1985 saw revenues of $219 million.
Later that decade in 1987, AAR acquires a landing gear overhaul and exchange business in Miami.
Still, the company managed a profit of $25.6 million on sales of $444.8 million for fiscal year 1989--90.
Storch was named president in 1989, shortly before earnings began to falter, deflating AAR's long-expanding stock price.
AAR prided itself on anticipating customers' needs. It upgraded its computer system in 1990, allowing it to track parts going through its shops.
In addition, Delta, Singapore Airlines, and Swissair formed the DDS World Sourcing buying consortium in August 1995.
In 1996, AAR selects its second CEO in the company’s history—David Storch.
Revenues reached $589.3 million in 1996--97, while profits soared 44 percent to $23 million.
AAR began building a new hangar in Oklahoma City in 1997.
In the summer of 1997 AAR bought 14 747s from British Airways for $22 million.
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AAR competitors
Company Name  | Founded Date | Revenue | Employee Size | Job Openings |
|---|---|---|---|---|
| Timco Aviation Services | - | $150.0M | 2,260 | 78 |
| Savannah Air Center | - | $1.5M | 20 | - |
| Gulfstream Aerospace | 1958 | $9.6B | 13,313 | 427 |
| M 7 Aerospace | - | $84.6M | 500 | 2 |
| Aeroframe | 2005 | $16.0M | 400 | - |
| Advantage Avionics | - | $1.4M | 15 | - |
| Dyncorp | 1946 | $366.2M | 14,000 | - |
| Segers Aero | 1976 | $15.0M | 50 | 16 |
| Global Technical Systems | - | $1.3M | 15 | - |
| VSE | 1959 | $949.8M | 2,775 | 198 |
AAR history FAQs
Zippia gives an in-depth look into the details of AAR, including salaries, political affiliations, employee data, and more, in order to inform job seekers about AAR. The employee data is based on information from people who have self-reported their past or current employments at AAR. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by AAR. The data presented on this page does not represent the view of AAR and its employees or that of Zippia.
AAR may also be known as or be related to AAR, AAR CORP, AAR CORP., AAR Corp, AAR Corp., AAR Corporation and Aar Corp.