{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-130504","form_type":"8-K","ticker":"AIR","cik":"0000001750","company_name":"AAR CORP","filed_at":"2024-12-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.465864+00:00","generated_at":"2026-05-29T00:21:16.319646+00:00","sec_items":["2.06","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"AAR CORP. to divest Landing Gear Overhaul business to GA Telesis for $51M; expects ~$60M impairment charge","bullets":["Divestiture valued at $51 million; expected close in Q1 2025 subject to customary conditions.","Non-cash, pre-tax impairment loss of approximately $60 million to be recognized in fiscal Q3 ending Feb 28, 2025.","Proceeds will be used substantially to repay credit agreement borrowings.","Divestiture immediately accretive to margins and earnings; part of portfolio optimization.","AAR remains prime contractor on U.S. Air Force Landing Gear PBL contract; GA Telesis to perform as subcontractor."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-130504","json":"https://secwatch.observer/filing/0001104659-24-130504.json","markdown":"https://secwatch.observer/filing/0001104659-24-130504.md","text":"https://secwatch.observer/filing/0001104659-24-130504.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1750/000110465924130504/0001104659-24-130504-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1750/000110465924130504/tm2431420d3_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T00:21:16.319646+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a56bdd300b28375b8ffa22933f2f3a1795b11553","claim":"AAR CORP announced a impairment with charges of approximately $60 million affecting Landing Gear Overhaul (LGO) business.","evidence_excerpt":"the Company determined that it will recognize a non-cash, pre-tax loss of approximately $60 million in the fiscal third quarter ending February 28, 2025 reflecting the adjustment of LGO’s carrying value to its fair value less costs to sell.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1750/000110465924130504/0001104659-24-130504-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"impairment"},{"label":"Charge","value":"approximately $60 million"},{"label":"Affected area","value":"Landing Gear Overhaul (LGO) business"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}