Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
AAR Corp. is a global provider of aviation services to commercial airlines, governments, and defense customers, operating primarily within the aerospace and defense services industry. The company focuses on aftermarket aviation support rather than aircraft manufacturing, with core activities spanning maintenance, repair, and overhaul (MRO); parts supply; logistics; and integrated fleet support. Its revenue is primarily driven by long-term service contracts with commercial airlines and government entities, including the U.S. Department of Defense.
Founded in 1951, AAR Corp. began as a distributor of surplus aircraft parts and progressively expanded into comprehensive aviation services through organic growth and acquisitions. Over decades, the company evolved into a diversified aviation services provider with a strategic emphasis on recurring revenue, long-term contracts, and technical capabilities that are difficult to replicate. Its positioning is strengthened by scale, regulatory certifications, and deep customer relationships across both commercial and government aviation markets.
Business Operations
AAR Corp. operates through several major business segments, most notably Aviation Services and Expeditionary Services, which together encompass MRO, parts distribution, supply chain management, and mobility systems. The Aviation Services segment includes commercial and government aircraft maintenance, component repair, and the sale and leasing of new, used, and repaired aircraft parts. Revenue is generated through service contracts, parts sales, and performance-based logistics agreements.
The Expeditionary Services segment supports defense and government customers with deployable shelters, mobility systems, and command-and-control infrastructure. AAR maintains a global inventory of aircraft parts, proprietary supply chain systems, and FAA- and EASA-certified maintenance facilities. The company operates through wholly owned subsidiaries such as AAR Aircraft Services, AAR Supply Chain, and AAR Mobility Systems, and maintains strategic relationships with aircraft OEMs, airlines, and defense agencies.
Strategic Position & Investments
AAR Corp.’s strategy centers on expanding high-margin, long-term contractual services, particularly in commercial MRO and government logistics. Growth initiatives emphasize fleet modernization support, component repair expansion, and integrated supply chain solutions that embed AAR deeply into customer operations. The company has consistently invested in expanding hangar capacity, digital inventory management tools, and regulatory certifications to support next-generation aircraft platforms.
AAR has pursued targeted acquisitions to strengthen technical capabilities and geographic reach, including the acquisition of Trax, an aviation maintenance software provider, which enhanced its digital and data-driven service offerings. The company continues to invest in emerging areas such as predictive maintenance, data analytics, and advanced mobility systems, while maintaining a disciplined capital allocation approach focused on returns and contract-backed growth.
Geographic Footprint
AAR Corp. is headquartered in North America, with its corporate headquarters located in the United States. The company maintains significant operational facilities across the U.S., including major MRO hangars and distribution centers that serve both domestic and international customers.
Internationally, AAR operates across Europe, Asia-Pacific, the Middle East, and Africa, supporting airline and government fleets worldwide. Its global footprint enables rapid parts distribution, localized maintenance support, and deployment of expeditionary systems, reinforcing its role as a critical aviation services provider with worldwide operational reach.
Leadership & Governance
AAR Corp. was founded by Ira A. Eichner, whose entrepreneurial vision established the company’s long-standing focus on aviation services and aftermarket support. Today, the company is led by an executive team with deep experience in aerospace, defense, and industrial operations, emphasizing operational excellence, safety, and long-term customer partnerships.
Key members of AAR Corp.’s leadership include:
- John M. Holmes – Chairman, President & Chief Executive Officer
- Sean M. Gillen – Senior Vice President & Chief Financial Officer
- Michael J. McLean – Senior Vice President, Chief Administrative Officer & General Counsel
- Brandon D. Wilson – Senior Vice President, Supply Chain
- Timothy J. Romenesko – Senior Vice President, Aviation Services
The leadership philosophy emphasizes disciplined growth, strong governance, and alignment with customer mission-critical needs, supported by oversight through a board of directors with experience across aerospace, defense, and industrial sectors.