AAR Acquires Brown International
WOOD DALE, Ill., April 3 -- AAR (NYSE:AIR) today announced that it has acquired Brown International Corporation (Brown), a privately held defense contractor that provides engineering, design, manufacturing and systems integration services. The acquired business will operate as part of AAR's Structures and Systems segment.
"There are excellent synergies between Brown's technical and systems integration expertise and AAR's mobility products capabilities," said David P. Storch, Chairman, President and Chief Executive Officer of AAR CORP. "The Brown acquisition enables us to provide defense customers with a wider range of products and services to meet the demand for increasingly complex and specialized shelter products."
Brown was established in 1985 and has become a leading provider of innovative products and support for command and control, communications and intelligence systems. Brown engineers and equips tactical operations centers, data links and support trailers, primarily for the U.S. Army, U.S. Marine Corps, and General Dynamics. The acquired business will continue to operate in Huntsville, Alabama, as part of AAR's Mobility Systems division.
AAR is a leading provider of products and value-added services to the worldwide aviation/aerospace industry. With facilities and sales locations around the world, AAR uses its close-to-the-customer business model to serve airline and defense customers through four operating segments: Aviation Supply Chain; Maintenance, Repair and Overhaul; Structures and Systems and Aircraft Sales and Leasing. More information can be found at http://www.aarcorp.com/
Source: AAR
CONTACT:
Chris Mason,
Director of Corporate Communications of AAR,
+1-630-227-2062,
chris.mason@aarcorp.com
Web site: http://www.aarcorp.com/
