---
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"
generated_at: "2026-05-29T00:21:16.319646+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AAR CORP. to divest Landing Gear Overhaul business to GA Telesis for $51M; expects ~$60M impairment charge

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.06, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-130504
- JSON: https://secwatch.observer/filing/0001104659-24-130504.json
- Plain text: https://secwatch.observer/filing/0001104659-24-130504.txt

## Key facts
- Restructurings & Charges
  AAR CORP announced a impairment with charges of approximately $60 million affecting Landing Gear Overhaul (LGO) business.
  - Type: impairment
  - Charge: approximately $60 million
  - Affected area: Landing Gear Overhaul (LGO) business
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1750/000110465924130504/0001104659-24-130504-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.