Aerospace & Defense M&A » By The Online Investor Staff, updated Wed., Apr. 24, 9:55 PM
Recent mergers and acquisitions in the Aerospace & Defense M&A category.
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Slide #19. AAR CORP. — Cargo Loading System Assets from PFW Aerospace GmbH
Acquirer:
AAR CORP. (NYSE:AIR)
Acquiree:
Cargo Loading System Assets from PFW Aerospace GmbH
Details:
AAR CORP. (NYSE: AIR) announced today that its 100% owned subsidiary, Telair International GmbH, has completed the acquisition of cargo loading system assets of Speyer, Germany based PFW Aerospace GmbH, which the company announced on December 2, 2013. The acquisition will enhance Telair's market position as one of the leading suppliers globally of cargo loading and baggage handling systems. The acquired assets include the cargo loading system business for the Airbus A320 family of aircraft and aftermarket spares for additional legacy PFW cargo loading systems produced for other Airbus platforms. Upon completion of a transition period after closing, Telair will transfer the assets to, and perform operations at, its Miesbach, Germany facility. The acquisition was funded from available cash on hand.
AAR is a provider of products and services to the aviation and government and defense markets. Co. has the following business segments: Aviation Services and Expeditionary Services. The Aviation Services segment provides aftermarket support and services for the commercial aviation and government and defense markets. In this segment, Co. also provides inventory management and distribution services, maintenance, repair and overhaul services, and engineering services. The Expeditionary Services segment primarily consists of products and services supporting the movement of equipment and personnel by the U.S. and foreign governments and non-governmental organizations.
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Avg. Broker Rec.
 
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Strong Buy (3.80 out of 4) 72nd percentile
(ranked higher than approx. 72% of all stocks covered)
Analysts' Target Price: AIR Stock Forecast Based on Zacks ABR data; powered by Xignite |
