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Aviation co AAR falls after stock offering launch

ReutersSep 30, 2025 8:33 PM
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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

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