AAR to acquire Triumph's Product Support business for $725M

On December 21, 2023, AAR CORP., a Delaware corporation (the " Company " or " AAR "), entered into a Securities and Asset Purchase Agreement (the " Purchase Agreement "), by and among the Company, Triumph Group, Inc., a Delaware corporation (" Triumph "); Triumph Aftermarket Services Group, LLC, a Delaware limited liability company; Triumph Group Acquisition Corp., a Delaware corporation and wholly owned subsidiary of Triumph; Triumph Group Acquisition Holdings, Inc., a Delaware corporation; and Trident Group Operations, Inc., a Delaware corporation (collectively with Triumph, Triumph Aftermarket Services Group, LLC, Triumph Group Acquisition Corp. and Triumph Group Acquisition Holdings, Inc., the " Sellers ").