Exhibit 99.1




For immediate release



Richard J. Poulton


Vice President, Chief Financial Officer


(630) 227-2075


E-mail address: rpoulton@aarcorp.com




·            Fourth quarter sales of $372 million and diluted earnings per share of $0.29

·            Fourth quarter cash flow from operations of $59 million; fiscal year 2010 cash flow from operations of $153 million

·            Acquisition of Aviation Worldwide Services (AWS) closed; integration efforts on track


WOOD DALE, ILLINOIS (July 13, 2010) — AAR (NYSE: AIR) today reported fiscal year 2010 fourth quarter consolidated sales of $372.3 million and net income attributable to AAR of $11.2 million, or $0.29 diluted earnings per share. For the fourth quarter of last fiscal year, the Company reported sales of $371.7 million and net income attributable to AAR of $14.2 million, or $0.36 diluted earnings per share.


Consolidated gross profit margin was 17.9% for the fourth quarter compared to 16.4% last year.  Selling, general and administrative costs increased $7.2 million, to $42.8 million.  The increase was primarily attributable to the acquisition of AWS, including $1.1 million of acquisition related expenses.  During the fourth quarter of 2010, the Company generated $59 million of cash flow from operations.


In the fourth quarter of fiscal year 2010, the Company formed the Government and Defense Services segment.  This new segment includes the results of AWS, Defense Systems and Logistics (previously reported in the Aviation Supply Chain segment) and Integrated Technologies (formerly known as AAR Brown International and previously reported in the Structures and Systems segment).  Prior year information has been revised to conform to the new segment presentation.


One AAR Place · 1100 N. Wood Dale Road · Wood Dale, Illinois 60191 USA · 1-630-227-2000 Fax 1-630-227-2101


The following information was filed by Aar Corp (AIR) on Wednesday, July 14, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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