# EDGAR Filing Document

**Accession Number:** 0000001750
**File Stem:** 0001104659-26-058989
**Filing Date:** 2026-5
**Character Count:** 159863
**Document Hash:** b845574a584e5e1825154c25b6999f76
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-058989.hdr.sgml**: 20260512

**ACCESSION NUMBER**: 0001104659-26-058989

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 132

**CONFORMED PERIOD OF REPORT**: 20260512

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260512

**DATE AS OF CHANGE**: 20260512

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AAR CORP
- **CENTRAL INDEX KEY:** 0000001750
- **STANDARD INDUSTRIAL CLASSIFICATION:** AIRCRAFT & PARTS [3720]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 362334820
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-06263
- **FILM NUMBER:** 26965818

**BUSINESS ADDRESS:**
- **STREET 1:** 1100 N WOOD DALE RD
- **CITY:** WOOD DALE
- **STATE:** IL
- **ZIP:** 60191
- **BUSINESS PHONE:** 6302272000

**MAIL ADDRESS:**
- **STREET 1:** 1100 N WOOD DALE RD
- **CITY:** WOOD DALE
- **STATE:** IL
- **ZIP:** 60191

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLEN AIRCRAFT RADIO INC
- **DATE OF NAME CHANGE:** 19700204

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of Earliest Event Reported): **May 12, 2026**

**AAR CORP.**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **1-6263** | **36-2334820** |
| (State of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |

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| |
|:---|
| **One AAR Place<br> 1100 N. Wood Dale Road <br> Wood Dale, Illinois 60191** |
| (Address and Zip Code of Principal Executive Offices) |

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Registrant's telephone number, including area code: **(630) 227-2000**

**Not Applicable**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

◻ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

◻ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

◻ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

◻ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of Each Class** | **Trading Symbol(s)** | **Name of Each Exchange on Which Registered** |
| **Common Stock, $1.00 par value** | **AIR** | **New York Stock Exchange** |
| **Common Stock, $1.00 par value** | **AIR** | **NYSE Texas** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b—2 of this chapter).

Emerging growth company ◻

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

**Item 7.01. Regulation FD Disclosure.**

On May 12, 2026, AAR CORP. (the "Company") posted a presentation on its website in connection with an Investor Day event it is hosting on the same day in New York City beginning at 8:30 a.m. Eastern time. The event includes a presentation by the Company's senior leadership team regarding the Company's strategic priorities, growth initiatives, and financial objectives. The previously-announced event is being held in-person by invitation and is accessible to the public through a live webcast and replay available on the Company's website at <u>https://www.aarcorp.com/en/investors/</u>. A copy of the presentation is furnished as Exhibit 99.1 to this report.

The information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise stated in such filing.

**Item 9.01. Financial Statements and Exhibits.**

(d) Exhibits

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| [99.1](tm2613847d1_ex99-1.htm) | [AAR CORP. Investor Day Presentation dated May 12, 2026](tm2613847d1_ex99-1.htm) |
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document) |

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**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: May 12, 2026

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| | |
|:---|:---|
| **AAR CORP.** | **AAR CORP.** |
| By: | /s/ Jessica A. Garascia |
|  | Jessica A. Garascia |
|  | *Senior Vice President, General Counsel, Chief Administrative Officer and Secretary* |

---

## Exhibit 99.1

**Exhibit 99.1**

![](tm2613847d1_ex99-1img001.jpg)© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide I n v e s t or Day \| May 1 2 , 2 0 2 6

![](tm2613847d1_ex99-1img002.jpg)

F o r w a r d - L o o k i ng Sta t em e nts N o t e : A l l r e s u l t s an d e x p e c t ati o n s i n t h e pr e s e n t ati o n r ef l e c t co n t i n uin g o p e rati o n s u n l e s s o t h e rwi s e n o t e d . T h i s pr e s e n t ati o n c o n t a i n s c e r t a i n f o rward - l oo k i n g s t at e m e n t s a s t h a t t e rm i s d e f i n e d i n t h e P riv a t e S e c uriti e s L iti g ati o n R ef o r m A c t o f 1995 . F o rward - l oo k i n g s t at e m e n ts o f t e n addr e s s o ur e x p e c t e d f utur e o p e r a t i n g an d f i n an c i a l p e r f o rman c e an d f i n a n c i a l co n di t i on , o r t arg e t s , g o a l s , co mmitm e n t s , and o t h e r bu s i n e s s p l an s , an d o f t e n ma y a l s o b e id e n t i f i e d b e c a u s e t h e y c o n t a i n w o rd s s u c h a s " a n t i c ipat e , " "b el i e v e , " " c o n t i n u e, " " c o u l d , " " e s t i m a t e , " " e x p e c t , " "in t e n d , " " l i k e l y , " "m a y , " "mig h t , " "p l an , " "p o t e n t i a l , " "pr e di c t , " "pr o j e c t , " " s eek , " " s h o u l d , " "tar g e t , " "wi l l , " "w o u l d , " o r s imi l a r e x p r e ss i on s an d t h e n e g ativ e s o f t h o s e t e rm s. T h e s e f o rward - l oo k i n g s t at e m e n t s ar e ba s e d o n b e l i e f s o f o u r mana g e m e n t , a s w e l l a s a s s u mp t i on s an d e s t im a t e s ba s e d o n i n f o rmati o n a v a i l ab l e t o u s a s o f t h e dat e s s u c h a s s umpti o n s an d e s t im a t e s ar e ma d e , an d ar e s ubj e c t t o c e r t a i n ri s k s an d u n c e r t a i n t i e s t h at c o u l d c a u s e ac t u a l r e s u l t s t o di ffe r mat e ri a ll y f r o m h i s t o r i c a l r e s u l t s o r t h o s e an t i c ipat e d , d e p e n di n g o n a v a ri e t y o f f ac t o r s , i n c l udi n g : (i) f ac t o r s t h at adv e r s e l y a f fe c t t h e co mm e r c i a l a v i a t i o n i n du s t r y ; (ii) adv e r s e e v e n t s and n e g ati v e pub l i c ity i n t h e a v i a t i o n i n d u s t r y ; (iii) a r e du c t i on i n s a l e s t o t h e U . S. g o v e r n m e n t and it s c o n t ra c t o r s ; (iv) co s t o v e rru n s an d l o s s e s o n f ix e d - pri c e c o n t ra ct s ; (v) n o n p e r f o rman c e b y s ub co n t ra c t o r s o r s up p l i e r s; (vi) o u r abi l i t y t o ma n a g e o u r o perati o n a l f oo t p r i n t ; (vii) a r e du c t i o n i n o u t s o ur c i n g o f mai n t e n a n c e a c t ivi t y b y air l i n e s ; (viii) a s h o r t a g e o f s k i ll e d p e r s o nn e l o r w o r k s t o p p a g e s ; (i x) c o m p e t i t i on f r o m o t h e r c o m p a n i e s ; (x) f i n a n c ia l , o p e rati o n a l an d l e g a l r i s k s ari s i n g a s a r e s u l t o f o p e rati n g i nt e r n ati o n a l l y ; (xi) i n abi l ity t o i n t e g r at e ac q ui s iti o n s effe c t iv e l y an d e x e c ut e o p e rati o n a l an d f i n a n c i a l p l an s r e l at e d t o t h e ac q ui s iti o ns ; (xii) f a i l ur e t o r e a l iz e t h e a n t i c ipat e d b e n ef it s o f a c qui s iti o n s; (xiii) c ir c u m s t an c e s a s s o c i a t e d wi t h div e s t itur e s ; (xiv) i n abi l it y t o r e c o v e r c o s t s du e t o f l u c t u a t i on s i n m ar k e t v a l u e s f o r a v i a t i o n pr o du c t s a n d e quipm e n t ; (x v) c yb e r o r o t h e r s e c urit y t h r e at s o r di s rup t i o n s ; (xvi) a n ee d t o ma k e s i g n i f i c an t c apita l e x p e n di t ur e s t o kee p p ac e wi t h t e c h n o l o g i c a l d e v e l o pm e n ts i n o ur i n du s t r y ; (x vi i) r e s t ri c t i o n s o n u s e o f i nt e ll e c t u a l pr o p e r t y a n d t oo l i n g i m p o r t an t t o o ur bu s i n e s s ; (x vi i i) i n abi l ity t o f u l l y e x e c ut e o ur s t o c k r e pur c h a s e pr o g ra m an d r e t ur n c apita l t o s t oc k h o l d e r s ; (xix) l imita t i on s o n o u r abi l ity t o a c c e s s t h e d e b t a n d e quity c apita l mar k e t s o r t o dra w d o wn f u n d s u n d e r l o a n agr e e m e n t s ; (x x) o u r abi l ity t o mana g e o u r d e b t ; (x x i) no n - c o mp l i a n c e wi t h r e s t r i c t iv e an d f i n a n c i a l co v e n an t s c o n t a i n e d i n o ur d e b t an d l o a n agr e e m e n t s ; (x x ii) c h a ng e s i n o r no n - c o mp l i a n c e wi t h l aw s a n d r e g u l ati o n s r e l at e d t o fe d e ra l c o n t ra c t o r s , t h e a v i a t i o n i n du s t r y , i n t e r n ati o n a l o p e r a t i on s , s a f e t y , a n d e n vir o n m e n t a l mat t e r s , an d t h e c o s ts o f co mp l yi n g wi t h s u c h l aw s an d r e g u l ati o n s ; (x xiii) e x p os ur e t o pr o du c t l i a bi l it y an d pr o p e r t y c l a i m s t h a t ma y b e i n e x c e s s o f o u r l i a bi l it y i n s uran ce c o v e rag e ; a n d (x xiv) e x p e c t e d b e n ef it s f r o m o u r s e g m e n t r e a l i g n m e n t a n d w i n d - d o w n o f o u r L e g a c y C o mm e r c i a l P r o g rams bu s i n e s s . S h o u l d o n e o r m o r e o f t h e s e ri s k s o r u n c e r t a i n t i e s mat e r i a l iz e adv e r s e l y , o r s h o u l d u n d e r l yi n g a s s umpt i o ns o r e s t im a t e s pr o v e i n c o rr e c t , ac t u a l r e s u l t s ma y v a r y mat e ria l l y f r o m t h o s e d e s c rib e d. F o r a di s c u ss i o n o f t h e s e a n d o t h e r ri s k s a n d u n c e r t a i n t i es , r efe r t o o u r A n n u a l R e p o r t o n F o r m 10 - K , P ar t I , " I t e m 1 A , R i s k F ac t o r s " an d o u r o t h e r f i l i n g s f i l e d f r o m t im e t o t im e wi t h t h e S E C . T h e s e e v e n t s a n d u n c e r t a i n t i e s ar e di ff i c u l t o r imp o ss ib l e t o pr e di c t a cc urat e ly an d man y ar e b e y o n d o ur co n t r o l . T h e ri s k s d e s c rib e d i n t h e s e r e p o r t s ar e n o t t h e o n l y ri s k s w e f ac e , a s additi o n a l ri s k s an d u n c e r t a i n t i e s ar e n o t c urr e n t l y k n o w n o r f o r e s ee ab l e o r i m p oss ib l e t o pr e di c t a c c ura t e l y o r ri s k s t h a t ar e bey o n d o u r c o n t r o l o r de e m e d i m ma t e r ia l m a y ma t e r i a l l y adv e r s e l y a f fe c t o u r bu s i n e s s , f i n a n c ia l c o n di t i o n o r r e s u l t s o f o per a t i on s i n f u t ur e peri o d s . W e a s s um e n o o b l i g ati o n t o up d at e a n y f o r w ar d - l o o k i n g s t at e m e n t s t o r ef l e c t e v e n t s o r c ir c um s t an c e s a f t e r t h e dat e o f s u ch s t at e m e n ts o r t o r ef l e c t t h e occ urr e n c e o f an t i c ipat e d o r u n an t i c ipat e d e v e n t s , e x c e p t a s r e quir e d b y l a w. T h i s pr e s e n t ati o n an d t h e r e l at e d di s c u s s i on , o t h e r t h a n r efe r e n c e s t o h i s t o r i c a l p e ri o d s u n l e s s s p e c i f i c a l l y n o t e d , r efe r e n c e t h e n e w r e p o r t ab l e s e g m e n t s w h i c h wi l l b e r ef l e c t e d i n t h e C o mpany 's A n n u a l R e p o r t o n F o r m 10 - K f o r t h e y e a r e n di ng M a y 31 , 2026. F o u r t h Q u a r t e r F is c a l 2026 S e g me n t R e a l ig n m e n t : D urin g t h e f o urt h quart e r o f f i s c a l 202 6 , o u r c h i e f o p e rati n g d e c i s i o n ma k e r (" C O D M ") imp l e m e n t e d c h a n g e s i n h o w h e o r g aniz e s t h e bu s i n e ss , a l l oc at e s r e s o u r c e s , an d a s s e s s e s p e r f o rman c e . S p e c i f i c a l l y, t h e bu s i n e s s u n it s wi t h i n o u r I n t e g r at e d S o l uti o n s s e g m e n t h a v e b ee n r e a l i g n e d , r e s u l t i n g i n t h e f o ll o wi n g c h a ng e s : co mbi n e o u r G o v e r n m e n t P r o g ram s ac t iv i t i e s an d o u r M o bi l ity bu s i n e ss , pr e vi o u s l y r e p o r t e d a s E x p e di t i on ar y S e rvi c e s , i n to a n e w o p e rati n g s e g m e n t n am e d G o v e r n m e n t S o l uti o n s ; r e - p o s iti o n o u r s o f t war e p l at f o rm , i n c l udi n g Trax a n d Airi n ma r , t o o ur R e pai r & E ng i n ee ri n g s e g m e n t , w h i c h i s r e n am e d R e pair, E ng i n ee ri n g , a n d S o f t war e; a n d L e g ac y C o mm e r c i a l P r o g ram s , t h e r e ma i n i ng b u s i n e s s u n i t wi t h i n t h e I n t e g rat e d S o l uti o n s s e g m e n t , wi l l b e s e par a t e l y r e p o r t e d a s it s o wn o p e rati n g s e g m e n t . T h e s e c h an g e s wi l l b e i n itia l l y r ef l e c t e d i n o u r co n s o l idat e d f i n an c i a l s t at e m e n t s i n o u r A n n u a l R e p o r t o n F o rm 10 - K f o r t he y e a r e n di n g M a y 31 , 2026 . S e e t h e C o mpany ' s Curr e n t R e p o r t o n F o rm 8 - K , f u r n i s h e d o n M a y 6 , 2026 , f o r c e r t a i n r e c a s t h i s t o ri c a l s umm a r y f i n a n c i a l i n f o rm a t i o n u n d e r t h e C o mpany ' s n e w o p e rati n g s e g m e n t s t ru c t ur e f o r f i sc a l y e a r 2025 an d f o r t h e pr e vi o u s l y r e p o r t e d quart e r s i n f i sc a l y e a r 202 6. P r e s e n t a t i o n M a t e r i a l s : T h e s t atem e n t s i n c l uded a n d t h e i n f o r m ati o n p r o vide d i n t h i s p r e s e n t ati o n ar e ma d e a s o f M ay 12 , 2026 u n l e s s o t h e r w i s e n o t e d . No n - G A A P F i n an c i a l M e a s u re s : T h i s pr e s e n t ati o n i n c l ud e s c e r t a i n n o n - GAA P f i n a n c i a l m e a s ur e s . P l e a s e r efe r t o t h e A p p e n di x f o r additi o n a l i n f o rmati o n o n t h e s e n o n - GAA P f i n a n c i a l m e a s u r e s an d r e c o n c i l i a t i o n s t o t h e c o mpar a b l e GAA P m e a s ur e s . T h e C o m pa n y i s no t pr o vidi n g a r e c o n c i l i a t i o n o f f o rw a rd - l oo k i n g n o n - G A A P f i n a n c i a l m e a s ur e s to t h e m o s t dir e c t l y co mpar a b l e f o rward - l oo k i n g G A A P m e a s ur e b e c a u s e t h e i n f o rmati o n i s n o t a v a i l a b l e wi t h o u t u n r e a s o n ab le eff o r t . 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Benef i ts ✓  Se g men t s al i g n ed t o co r e , f ocused ope r a t io ns ✓  Bet t er per f orm a n c e mea s u r ement a nd t r a n spa r en c y ✓  Wi n d - d o wn of l o w - r e t urn Com m e r ci a l P r o g r am s ✓  E x pect t o deli v er hi g her ma r gi n s a n d h i g h er R OIC S i mplified Segmen t at i on Al i gne d t o P art s , R e p a i r , an d So f t w a r e Plat f orm App r o a ch© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 3 P rior P ar ts Su pply N e w p a r ts Dis t r i b u t ion U SM R ep air & E ngin e e r i ng Air f r a me M RO C omp o n e nt M RO I n t e g r a t e d S o l ut i o ns Go v e r n me nt Pr o g r a ms C om m e rcial Pr o g r a ms S o f t ware E x ped i t iona r y S e r v i c es M o b ili t y S y st ems L TM Q3 F Y26 Adj. EB I T D A m a r gi n P ar ts Su pply N e w p a r ts Dis t r i b u t ion U SM R ep ai r , E ngin e e r i ng, a n d So f t w a re Air f r a me M RO C omp o n e nt M RO So f t ware G o v e rn m e n t So l ut i o ns Go v e r n me nt Pr o g r a ms M o b i li t y S ys t ems L e g a c y C o mm e r c i al P r o g r ams Co m mer c i al P r o gra ms C h anges N ew 5 . 3% 10. 9% 12. 7% 14. 7% 14 . 7% 9.3% 12.2% 14.7% 12.1% 12.1% Co r po r a t e Co r po r a te P ri o r New N o t e : S ee A pp e n dix f o r r e co n c i l i a t i on o f N o n - G A A P f i n an c i a l m e a s ur e s.

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Q4 an d FY20 2 6 Outlo ok 1 Or g ani c s a l e s g r o w th r ef l e c t s g r o w th f r o m pri o r y e ar adju s t e d o r g ani c s a l e s f o r t h e r e l e v a n t p e ri o d , w h i ch e x c l ud e s L andi n g G e a r s a l e s a n d impac t o f ac q ui s iti o n s i n F Y 26. N o t e : s ee t h e "F o rwar d - l oo k i n g S t at e m e n t s " s l id e fo r a di s c u s s i on o f f o rw a r d - l oo k i n g n o n - G A A P m e a s ur es T o t al ad j . S ale s g r o wth 1 9 % – 21% O r gan i c ad j . S ale s g r o wt h 1 6% – 8% A d ju s t ed O p e r a ti n g m a r g i n 1 0 . 2 % – 1 0 . 5% Q 4 FY26 O u tl o ok O r g an i c adj. S a l e s g ro wt h 1 A p p r o a c h i n g 11% FY 2 0 2 6 O u tl o ok ~12% P r i o r a s of J a n 6 , 2026 Cu r r e n t a s of M a y 12 , 2026© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 4 Est i m a t e d t a x r a t e 28% T o t a l adj. S a l e s g ro wth A p p r o a c h i n g ~19% 17%

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8:30 a.m. W elc o me & Open i ng Re m a r ks C h ris Til l e t t \| V P , I n v e s t o r R e l a ti o ns S t r a t eg i c U pd a te J o hn M . H o l m e s \| C h airma n , P r e s i d ent a n d C h i e f E x ec u ti v e O f f i c er A v i a tion A f t erm a r k et O v e r v i ew C h ri s t o p h er J e ssup \| S V P and C h i e f C o m m e r c ia l O f f i c er P a rts F r a n k L a n d ri o \| S V P , Di s tri b u ti o n Rep a i r T o m H o f e r er \| S V P , R e p air & E n g i n e e ri ng 10:00 a.m. Q& A S e s s i on T o d a y ' s A g en da© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 5 10:20 a.m. B r eak 10:35 a.m. S o f t w a r e A n d r ew S ch mi d t \| S V P , S o f twa re G o v ernmen t S o l u tions Nic h ol a s G r os s \| S V P , G o v er n ment P r o g r ams F inancia l O v e r v i ew Dy l a n W o l i n \| S V P a n d C h i e f F i n a n c ia l O f f i c er C l os i ng Re m a r ks J o hn M . H o l m e s \| C h airma n , P r e s i d ent a n d C h i e f E x ec u ti v e O f f i c er 11:35 a.m. Q& A S e s s i on

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St r at egic Upd a te© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 6 C h a i rma n , P r esident a n d C h ief E x ecuti v e Officer John M. H o lmes

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K ey Messa g es 1 Mu l t i - y ea r i nv e s tmen t s c r e a ti n g a r e s il i e n t av i a tio n a f t e r mar k et p l a t f orm u n derp i nn ed b y l o n g - t e r m s e cul a r g ro wth Rep o si t ioned port f olio O pp o rtu n it i e s t o f urt h e r accele r a t e s h a r e h o l der r etu r n s th r oug h di s c i p l i n ed r e i nv e s tment F a s te r , p r ofitable 4 g r o w th© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 7 2 Hig h - per f ormanc e cultu r e f ocused on sa f et y , qua l it y , com p lianc e , a n d e x ecut i on e n ab l i n g i n du s t r y - lea d i n g cu s t omer s e r v i ce Dif f e r ent i a ted cultu re 3 C l e a r s t r a t e g y f o c u s e d o n c u s t o m e r s u cc e s s , d r ivi n g o n t i n u e d g r o w t h a n d l o n g - t e r m v a l u e c r e a t i on F oc u sed s t r a te gy

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Helpi n g cu st ome r s in c r ease eff i c i enc y and r educ e c o s ts while m a i n taini n g h i gh l e v els of q ua l it y , se r vic e , and sa f ety Th e Inde p en d en t L e a d e r in th e A vi a tion A f t erm a r k et $3.1B L T M Q3 FY2 6 Adj. S a l es $376M L T M Q3 F Y26 Adj. EB I T DA AIR N Y S E L i s ted ~8,0 00 T ea m m e mb e rs C o m m e r c ial G o v ern m e nt U . S . / C ana da E M EA APA C Other Part s S u pply R e p ai r , E ngin e e r i n g & S o ft w are G o v ern m e n t L e gac y C o m m e r c ia l Pr og r ams So l u t i o n s S a les b y c u s to m e r t y pe S a les b y g e o g r a p hy S ales b y segment© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 8 R e po si t i o n e d port f o l io L TM Q 3 F Y 26 N o t e : S ee A pp e n dix f o r r e co n c i l i a t i on o f N o n - G A A P f i n an c i a l m e a s ur e s.

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F r om L e g a c y O p e r a t or to H ig h - Quality A vi a tion Plat f orm 2018 • B r o a d , l es s - f o cuse d r e v en u e m ix • L o w e r - ma r g i n s e r vi c es • T r an s a c tio n a l cu s t om e r e x p e r ience • L es s c a p i t a l a l l o c a tio n d i s c i p l ine • L imi t ed d i gi t a l d i f f e r enti a tio n or IP • No s t an d a r d o pe r a tin g mo del • L es s o p p or tu n ity an d bench f or hi g h per f orm in g t a l ent • L imi t ed s t r a t e g ic d i r ection Wh a t mana g e m ent chan g ed • N ew C h airma n / C E O & C FO • N e w l ead e r s h ip b e nch w it h 2 5+ y ea r s a v g. i n du s t r y t en u re • Hi g hl y d iscipli n e d c api t a l al l o c a ti on • B e t t er K P I alig n m e nt P O R T FO L I O L E ADE R S H IP Di v e s ting o r e xi t i n g l ow e r - m a r g i n, l o w - r e t u rn, a n d no n - co r e ass e ts • L a ke C h a r les (A i r f r a m e M R O) • Airli ft • C o m p o sit es • C o mm e r cial Pro g r a ms • L a n d i ng G e ar • I n d ia n a p o li s (A i r f r a m e M R O) • N e w Y o r k (C o m p o n e n t M R O) O P E R A T I O NS • E x ec u ti o n e x c el l en c e , l ean / si x - si g ma • P ri c i n g discip l i ne • I n v en t o r y ma n a g e m ent • Inc r ea s e d c r o s s - s e ll i ng C U L T U R E & S T R A T E GY • N im b l e , e x ec u ti o n - o rien t ed • C u st o m e r - f o c u s ed • St r a t e g i c di r ection • Ac c o u n ta b i l it y • Hig h l y s t r a t e g ic av i a tio n a f t e rm ar k et p l a t f orm • I m p r o v ed m a r gi n an d c a s h p r o fi le • Cu s t om e r - f o c used o r g ani z a tion • R etu r n s - or i e n t ed c a p i t a l a l lo c a tion • S o phisti c a t ed p l a t f orm o f p a r t s , r ep a i r , an d so f tw a re • De e p b enc h o f t a l ent • Cle a r s t r a t e g ic d i r ection I ll u s t r a t i v e p r oof p o i n t s , si nce F Y 201 8 1 : ~8% Adj . S al es C A GR ~370 bps Adj . E B I TD A margin e x p a ns i on ~14% Adj . E P S g ro w th© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 9 St r a t e g i c a c q u isi t i o n s i n P a rt s , Rep a i r & So f t w a re T od ay R e po si t i o n e d port f o l io 1) F Y 2018 – L TM Q3 F Y 26 2) N o t e : S ee A pp e n dix f o r r e co n c i l i a t i on o f N o n - G A A P f i n an c i a l m e a s ur e s.

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AAR Has T r ans f ormed© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 10 ✓   S caled a n d f o c used ✓   Con n e c t ed pl a t f orm a p p r oa ch ✓   Hi g he r g r o w th , hi g he r ma r gi ns ✓   D ee p a n d e x p e r ien c e d lea d e r shi p b en ch ✓   I n v e s tments d r i v in g g r o w th a n d e x p a nsion R e po si t i o n e d port f o l io

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Dr i ving significant g ro w th and ma r gin e xpa n sio n o v e r the p a s t 4 y ea rs T r ack R e co r d of St r ong F inancial P e r f orm a nce… $1 , 817 $1 , 991 $2 , 321 $2 , 748 $3 , 116 FY 20 2 2 FY 20 2 3 FY 20 2 4 FY 20 2 5 LTM Q 3 F Y 26 Adj. S ales ($M) Adj. E BIT D A ($M) and m a r gin (%) Adj. E PS $2 . 41 $2 . 86 $3 . 33 $3 . 91 $4 . 67 FY 20 2 2 FY 20 2 3 FY 20 2 4 FY 20 2 5 LTM Q 3 F Y 26 $156 $190 $242 $324 $376 8 . 6 % 9 . 5% 10 . 4% 11 . 8 % 12 . 1% FY 20 2 2 FY 20 2 3 FY 20 2 4 FY 20 2 5 LTM Q 3 F Y 26 Adj. O p . Inco m e ($M) and m a r gin (%) $115 $149 $193 $265 $316 6 . 3 % 7 . 5% 8 . 3% 9 . 6% 10 . 1% FY 20 2 2 FY 20 2 3 FY 20 2 4 FY 20 2 5 LTM Q 3 F Y 26© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 12 +15% C A GR + 2 6% C A GR ~90 a v g . bps / yr +31% C A GR ~100 a v g . b ps / yr +19% C A GR R e po si t i o n e d port f o l io N o t e : S ee A pp e n dix f o r r e co n c i l i a t i on o f N o n - G A A P f i n an c i a l m e a s ur e s.

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…On T r ack t o Ach i e v e / E x ce e d Our Up d a t e d 2 0 2 3 I n v e s t or D a y T a r g e ts 1) TP S = Triumph P r o du c t S upp o r t ; 2) O n t ra c k t o m e e t / e x c ee d 3 - 5 y e a r t arg e t s r e l ativ e t o F Y 2024 s t arti n g p o i nt o f 16 . 6% s a l e s g r o wt h (12 . 9% o r g ani c) , 8 . 3% A dj . Op . margi n , 10 . 4% A dj . E B I T D A margi n , and 16% A d j . E P S g r o w th ; 3) F Y 2023 – L TM Q3 F Y 26 ; 4) A s o f L T M Q3 F Y 26 J u l y 2 0 23 I n v e st or D ay 3 - 5 yr o r gan ic ta r g e t s, F Y 2024 to F Y 2026 / 28 Upd a te po s t - TP S 1 a c q uisitio n (Ju l y 20 2 4) 3 - 5 yr o r gan ic ta r g e t s, F Y 2025 to F Y 2027 / 29 On t r a ck t o a ch i e v e / e x ce e d upd a t e d t a r g e t s 2 F Y 2024 - L T M Q 3 F Y 26 Adj. S a l e s g ro wth (C A G R) +5 - 10 % +5 - 10% ~18 % 3 (13% o r g anic) Adj. O p . I n come ma r g i n 9 - 10% + 10.5 - 11.5 % + 10.1 % 4 Adj. E B I T D A ma r g i n N / A 12.5 % - 13.5% 12.1 % 4 Adj. E P S g ro wth (C A G R) +10 - 15 % +10 - 15% + ~20 % 3© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 13 ✓ ✓ R e po si t i o n e d port f o l io On t r a ck On t r a ck N o t e : S ee A pp e n dix f o r r e co n c i l i a t i on o f N o n - G A A P f i n an c i a l m e a s ur e s.

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Deep i n du s t r y e xp e rtise and f o c us on th e cu s t omer e xp e r i en ce Exp e rience d L e a d e r ship T e a m E x ecuting Our St r a t e gy© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 14 A nd r ew Schm i dt 11 y ear s w i t h A AR 35 y ear s i n d us t r y e x p erie n ce Dyl a n W o l in 7 y ear s w i t h A AR 19 y ear s i n d us t r y e x p erie n ce S a l v a t o r e M a rino 32 y ear s w i t h A AR 36 y ear s i n d us t r y e x p erie n ce S h a r on P u rne ll 1 y ear w i t h A AR 4 y ea rs i nd us t ry e xp e r i e n ce John Co o per 6 y ea rs w i t h AAR 35 y ear s U S AF Je s s i c a G a r a sc ia 6 y ear s w i t h A AR 6 y ear s i n d us t r y e x p erie n ce John M. Ho l mes 2 5 year s w i t h AAR 25 y ear s i n d us t r y e x p erie n ce T o d a y' s s p ea k ers F r a nk L a ndrio 19 y ear s w i t h A AR 35 y ear s i n d us t r y e x p erie n ce Nicho la s G r oss 10 y ear s w i t h A AR 26 y ear s i n d us t r y e x p erie n ce 4 y ear s U S AF T o m Ho f e r er 3 y ear s w i t h A AR 35 y ear s i n d us t r y e x p erie n ce Chris t opher Je s sup 24 y ear s w i t h A AR 27 y ear s i n d us t r y e x p erie n ce D i f f e r e nt i a t e d c u l t u re

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A A R ' s Cultu r e of 'Doing it right. Non s t o p . ' Em p o w e r s O ur P e o pl e an d En a bl e s St r ong E x ecution f or Our Cu s t om e rs Our m ission© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 15 D i f f e r e nt i a t e d c u l t u re Our vision Go ab ov e an d b e y on d t o p r o vi d e v alu e - dri v e n a e r ospac e a f t e r m a r k et so l ut i ons t o me e t the e v ol v ing n e e d s of our cu s t om e r s w orl d wid e.

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Highly Di v e r si f ied Base of Cu s t om e r s an d O E Ms 16 T ru s t ed p artne r with 15+ y ear r el a tio n shi p s with eac h of t op 10 cu s t ome rs G o v e r nm e nt an d m i l i ta r y c u s t om e rs U S: Air F o r c e; Navy ; Ar m y ; Department of St a te Co l om b i a : Air F o r ce J apa n: M i n i s t r y o f De f ense N e t her l a n d s : R o ya l N e t h erla n d s Air F o r ce No r w a y : R o ya l N o r w e g ia n Air F o r ce U n i t e d K i n g d om : M i n i s t r y o f D e f e nce Com m e r c i al c u s t om e r s O EMs F oc u s e d s t r a t e gy© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide

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Uniqu e , i n t eg r a t ed p l a t f o r m enables c o nsi s t ent g ro w th a t ab o v e - m a r k et r a t es Why A A R Wins Indu s t r y - leading a f t e r m a r k et e xp e rtise • Kn o w l e d g e , e xp e rt i s e , a nd t r a c k r e co r d o f se r v ing cu s t ome r s in a h igh ly r egul a t ed e n v i r onme n t • A w a r d - w i n n i n g sa f e ty & qual i ty r e co rd • Cr i t i c a l s o f t w a r e s o l u t i o n s enabled b y le g ac y o f a f t erm a r k e t e xpertise • Pr oprieta r y a ss e t e v a l u a t i on m e thods Mar k e t - lead i ng eff i c i ency • Del i v ering l o w e r t u rn a r o u nd t i mes a t co m p e t i t i v e cost • S o f twa r e and t ech n o l o g y s o lut i ons th a t s a v e c u s t ome r s t i me a nd money • F ocu s on speci f ic b o d y ty p es b y r epair f aci l ity Globa l f o o tpri nt • L a r g e s t i ndependent M R O in N o r th Ameri ca • S c a l e and r ea ch t o se r v e ou r cu st ome r s w o r l d wide • Hig h fi ll r a t es© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 17 F oc u s e d s t r a t e gy Unique b u sin e ss model • I n t e g r a t e d s o l u t i on s simp l i f y compl e x cu s t omer ne e ds t o be a sing l e a f t erm a r k e t p l a t f o rm • T w o - w a y e x c l u s i v e p a rt s d i s tr i bu t i on ag r ee m en ts • R epa i r o pe r a ti o ns o n cur r e nt a n d n e x t - g e n pl a t f orms • H i g h l y r e c u r r i n g main t ena n c e , p l an n ing, and p r ocu r e m en t s o f twa r e

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100% ne w par t s Di s tribut i on r en e wal r at e o v er la s t se v e r al y ea rs ~90% e x clu s i v e Di s tribut i on ag r ee m en ts 30+ g l o b al l o c a ti o ns 35 O EMs under Di s tribut i on cont r ac ts L e a d ing a v i a tion P a r t s p r o v ide r t o gl o b a l com m e r ci a l an d g o v ernment a f t ermar k e ts P arts© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 19 R e c e n t a c q u isi t i on F oc u s e d s t r a t e gy N e w parts Di s tributi on • L a r g e inde p en d ent p r o v i der with s c a l e , global p r esen c e , a n d e x c lu s i v e t w o - w ay ag r eements with OEMs • Stru c tu r ed as true e x t e n s i on of OEMs in t o global a f t erm a r k et • V a l u e - added model, high f il l r at e e n abli n g mar k et sha r e g ains • V olume s u ppor t ed b y Repair bu s ines s es U sed Se r viceable M at e r ial (USM) • U n m a t c h ed a b il i ty t o s ou r c e m a t er i al • Deep t e c hni c al an d en g ineer i ng e x p erti s e • P r o v i der of c hoice f or c u s t om e rs

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L e a d ing inde p endent ai r f r ame & component M R O p r o v ide r t o k e y ai r line s an d OEMs R e p a ir ~15% North Ameri c an f l eet se r v iced per y ea r 1 1 5 ,0 0 0+ c o mp o nen t s r epai r ed per y ear 14 si t es 7 M+ la b o r hou r s per y ear 1 . M ana g e m e n t e s t im a t e s ba s e d o n data f r o m Aviati o n W e e k© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 20 R e c e n t a c q u isi t i o ns F oc u s e d s t r a t e gy A i r f r a m e M RO • H igh va l u e , comp l e x r epai r s on c u r r e nt a nd n e x t - g e n pl a t f orms • F o cu s o n n a r r o w b o d y a n d r e g i o n a l a i r c r a f t , s u pp o r t e d b y m u l t i - y ea r ag r ee m e n ts w i th b l u e c h i p cu s t o m e rs • I ndu s t r y - l ea d i n g t u rn a r o u n d t i mes th a t c r e a t e v alue f o r cu s t ome rs • P a p e rles s h a n g a r t e chno l o g y , d ee p e xp e rt i s e , a nd p r oprie t a r y op e r a t i n g model del i v ering super i o r per f o r ma n ce Compo n ent M RO • D i f f e r e nt i a t e d r e p a i r s k i ll s e t ac r o s s a r an g e o f cu r r en t and n e x t - g en eng i nes and acce s s o r i es • I nd e p e nd e nt p r o vid e r with e x t ensi v e indu s t r y r el a ti o nships • G l ob a l comp o ne n t r epair f o o tprint

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K ey c u st om e rs G o v ernm e nt Solutions© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 22 L e a d ing p r o v ide r of co m me r cia l s u p p ly c hain an d main t enan c e s o l u tion s t o g o v ern m ent cu s t o m e rs >30 p l a t f o r ms se r v iced 35 countr i es in w h ich w e o p e r at e Solutions • Del i v ering co m me r c i a l b es t p r a c t i ces ac r o s s main t ena n c e and supp l y chain s , i nc r ea si n g r ea din e s s and d e c r ea s i n g o v e r a ll co st • R e vi t a l i z i n g a ging s upp l y chains th r ou g h per f o r ma n c e - b a s e d l o gi s tics solution s , i mp r o ving w a r f i g h t e r r ea d i n e ss • St r ea m l i ni n g s upp l y chain op e r a t i on s , en h anci n g the ef f ic i ency o f ou r cu s t ome r s th r ou g h b e s po k e th i r d - p a rty l ogi s t i c s s o l u t i on s • I n t eg r a ti n g al l f ace t s o f a v i a ti o n a f t erm a r k e t in t o co m p r e h e ns i v e tai l o r e d s o l u t i on s • Mobi l i t y S y s t e ms F o c us pl a t f o r ms • P - 8 • C - 40 • F - 16 • C - 130 • U H - 60 • C - 17 • K C - 135 • K C - 46 F oc u s e d s t r a t e gy U n i t e d S ta t es Navy U n i t e d S ta t es A i r F o r ce U n i t e d S ta t es D e p t. of S t a te

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![](tm2613847d1_ex99-1img024.jpg)© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 24 Cl e ar St r a t e g y f or L on g - t erm V alue C r eation F oc u s e d s t r a t e gy W IN MO R E C O RE L E V E R A GE O U R P L A T F O RM S C A L E W I T H DI S CI P L I NE • D e e p e n i n g c u s t om e r r el a ti o n s h ips • Drivi n g o r g a n i c g r o w th b y w i nn i n g n ew a n d e x p a n d i n g e xi s ting O E M ag r e e m e n ts • Ex p a n d i n g R e p air c apa b i l it y a n d c apacity • Capt u ri n g o p p o rt u n iti e s i n B G A 1 , P M A 2 /DE R 3 , a n d o v e r s e a s mar k e ts • G r o w i n g U . S . and f o r e ig n milita r y sup po rt • L e v e r agi n g i n t e g r a t e d avi a ti o n a f t ermar k e t p l a t f o rm t o d ri v e sa l e s g r o w th a c r o ss the o r g a n i za ti o n – m e e t i n g c u st o m e r n e e d s w ith a f ull sui t e o f s o l u ti o n s • U s i n g g l o b a l f oo t p ri n t t o d ri v e effi c i e nc i e s a c r o ss o u r b u siness es • In t e g r a ting T r ax c apa b i l iti e s a c r o ss P art s , R e p ai r , a n d G o v ernment Sol u ti o n s • C o n tin u i n g t o d ri v e a c u l tu r e o f c o n tin u o u s im p r o v e m ent f o c u s e d o n p r o c e s s , ri g o r , a n d h i g h - p er f o rma nc e • P ri o ritizi n g d iscipli n e d M &A as a m e a n s t o a c h i e ving s t r a t e g i c o b j e c ti v es • Deli v ering h i g h - q ua l it y s o l uti o ns t o c u s t om e r s w it h f a s t d e l i v e r y a n d t u r n a r ou n d ti m e s , w h i l e mi t i g a ting c o s ts • C o n tin u i n g t o f o st er c u l tu r e o f i n n o v a ti o n a n d n ew p r o d u c t d e v elo p m e nt 1) B G A = B u s i n e ss & G e n e ra l Aviati on 2) P M A = P art s M anu f ac t ur e r A p pr o v al 3) D E R = D e s i g n at e d E ng i n ee ri ng R e pr e s e n t ative

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28 , 68 0 29 , 964 31 , 390 32 , 961 34 , 685 36 , 176 37 , 539 38 , 947 40 , 406 41 , 910 1 3 .4 13 .7 14 .0 14 .2 14 . 4 14 . 4 14 .3 14 .2 1 4 . 1 14 .0 1 2 .0 1 2 .5 1 3 .0 1 3 .5 1 4 .0 1 4 .5 1 5 .0 1 5 .5 1 6 .0 0 5 , 0 00 1 0 , 0 00 1 5 , 0 00 2 0 , 0 00 2 5 , 0 00 3 0 , 0 00 3 5 , 0 00 4 0 , 0 00 4 5 , 0 00 2 0 2 6 2 0 2 7 2 0 2 8 2 0 2 9 2 0 3 0 2 0 3 1 2 0 3 2 2 0 3 3 2 0 3 4 2 0 35 G r o w i ng & A ging Glob a l A i r c r a f t Fle e t S o ur c e : N a v e o , A p ri l 2026© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 30 A v e r a g e fleet a g e will co n tinue t o r ise th r ough the en d of the dec a d e , r emain el e v a t ed the r ea f t er • Wide b ody & nar r o wbody f l e e t is e xpe c t e d to g r o w f r o m ~2 9 , 0 00 ai r c r a f t i n 20 2 6 t o ~4 2 , 0 00 ai r c r a f t in 2035 • A v e r a g e f l ee t a g e i s e xpec t ed t o p e ak b y 20 3 1 , b u t r e m ain elev a t e d v s . hi s t ori c le v els • L o w r e t i r e m en t le v els and d e li v e r y con s t r ain t s r es u lt in la r g e r , older in s t al l e d ba se Su s taine d deman d f o r P a rt s , Re p ai r , a n d S o f tw a re G r e a t er use of in d e p en d ent a f t ermar k et su p p ort a s s u p p ly a v ail a b i l i t y tig h t ens & OEM lead times e x t end Global fle e ts will con t i n ue t o a g e , ne t o f d e l i v e r i e s a nd r e t i r e m e n ts T o t al fle e t (na r r o wb o d y + widebod y) A v g . ai r c r a f t a g e (y ea r s)

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K ey Messa g es \| P arts 1 ~$90 0 M n ew p a r t s Di s tr i bution acti v it y i n ~$25 B mar k et driven b y g r o wi n g glo b a l ai r c r a f t flee t s , inc r eas i ng use f u l li f e of e xi s ti n g fle e t s , a n d e x p and in g U . S . & f o r e i g n mili t a r y support L a r g e global in d ependent par t s p r o vider 2 U n iqu e , t w o - way e x clus i v e dis t r i bution mo d el w i th a dif f e r ent i a t ed val u e p r o p osit i on i n a l a r g e and g r o wi n g av i a tio n a f t e r mar k et Dif f e r enti a t ed of f ering 3 Dr i v i n g du r ab l e p r of i t ab l e g r o wth b y pen e t r a ti n g a djace n t m a r k et o p p o rtu n it i e s , e x p a ndi n g i n t e r n a tional l y , and i n t e g r a ting mar k et i n t elli g e n ce solutio n s G r o w t h s t r a t e gy© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 35

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P arts S u p p ly S e gment O v e r vi ew© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 36 $1.4B L TM Q 3 F Y 26 Sa les + 30 % g r o w t h Y oY $201M L TM Q 3 F Y 2 6 Ad j . E B I T D A + 4 2 % g r o w t h Y oY 14. 7% L TM Q 3 F Y 2 6 A d j. E B I T D A ma r gin + 123 b p s Y oY K e y segment financials L e adi n g ind e pe n de n t p r o vider of p arts t o g l obal c o m m e r c i a l and g o v e r nment a f t e r m a r k et N e w p a r t s D i s t r i b u ti o n (~$900 M L TM s a l e s) • Dif f e r enti a t ed bus i nes s model se r vi n g both c o mme r ci a l a n d g ov ernme n t mar k e ts • ~90% o f OEM a g r eemen t s a r e lo n g - t erm, e x clu s i ve • Rene w ed 100% o f c o nt r a c t s o v er t he la s t se v e r al y ea rs U s e d S e r v i c ea b l e M a t e r i a l (US M) (~$500 M L T M s a l e s) • L a r g e , i n dependent p r o vider of used se r vi c eable eng i ne a n d a irf r ame par t s sup p ly t o a f t ermar k et • Co st s a vi n g s a n d i n du s t r y - leadi n g a v a i labil i t y f or our cu s t ome rs P art s Supply activi t ies N o t e : S ee A pp e n dix f o r r e co n c i l i a t i on o f N o n - G A A P f i n an c i a l m e a s ur e s.

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P arts Di s tribution O v e r vi ew© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 37 Sou r ce an d di s tri b u t e new ai r c r a f t p a r ts Of f er cu s t ome r s f a s t deli v e r y a n d r educed i n v en t o r y c o s ts Cu s t ome r s ' sin g le poi n t of co n t a c t f o r b r o a d r an g e o f p a r ts F or O E M s , p r o vide a c cess t o cu s t ome r s , gl o bal s c al e , and p r oprie t a r y mar k e t i n t elli g en ce P r ov e n e x ecu t ion of t w o - way e x clusi v e di s t ribution model V alue p r op o sit i on >35K+ unique par t s p o sit i oned ac r o s s k ey g l o b al r egi o ns 100% ne w par t s Di s tribut i on r en e wal r at e o v er la s t se v e r al y ea rs > 2 ,5 00 cu s t ome rs Select cu s t om e rs D r ivin g mar k e t s ha r e g ain s f or OEM partn e r s whi l e g e n e r a t ing r e t ur n s acc r e t iv e t o AAR U n i t e d S t a t es D e f e n s e L o gi s tics A g e n cy

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Maximizi n g v a l ue f o r our partne r s th r ough: L e a ding Inde p en d en t P arts P r o vider w i th Unique C o mp e titi v e Ad v an t a g es© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 38 A A R Di s tr i but ion Ot h er D i s t r i b u t o rs OEM P artner Ot h er OEMs I n each m ar k e t , AAR ag r ees t o only r e p r esen t O E M p artner O E Ms ag r ee t o only pa r t ner w i t h A AR T w o - w a y e x clusi v e Di s t r ibu t ion Mod el E n a b l e s O E Ms t o h a v e o n e partner f o r a l l sup p ly & a f t erm a r k e t ne e ds Ma r k e t sha r e ana l y sis b y e nd m a r k et Ma r k e t in t el l i g enc e an d s t r at e g ies t o g ain m a r k e t sha re • B u n d li n g O E Ms • Id en t i f ying s p ecific ac t i o ns – P M A t h r e a t , p r icing av a il a b il it y , e t c . • Glo b al sales f o r ce an d w a r ehousing i n f r a s t r u c t u r e A c c e ss t o A A R ' s f ully in t e g r at e d plat f orm Digi t al t ools f or c u s t om e r s & OE Ms • S o f t w a r e s o l u t i o n s , inc l u d ing T r ax, e m b e dd e d ac r o s s our o f f e r ing, p r o vidi n g i m p r o v e d visi b ili t y an d o p e r a t i o na l e ff iciencies

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Accele r at i ng G r o w th b y C a p tur i ng Adjacen t A f t erm a r k e t , In t ernation a l & O E M O p p o rtunit i es w i th T w o - w a y E x clu s i v e Di s tribution Mod e l St r a t e gi c al l y i n v e s t i ng t o de l i v e r l e ading se r v ice t o cu s t o m e r s and m ax i m i z e m ar k e t s ha r e© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 39 • Glo b a l t ec h n i c a l sa l e s f o r ce • Cap t ai n s o f I n d u s t r y 2 • DLA S u pp l y C h ai n Al l ia n c e 3 • Op e r a t e d s e p a r a t ely i n 2023 • In d e p end e n t sa l e s f o r ce • I n v e s t e d i n j o i n t v entu r e • S u pp l y elect r o n i c s • AD I acquisiti o n a c c ele r a t e s g r o w th A f t ermar k e t s s e r v ed N ew o p p ortu n i t y: OEMs Com m e r c i al D e f en se (in c ludin g f o r e i g n m ilita r y) Bu s ine s s + G ene r al A vi a tio n 1 Japa n e s e Mi l i t a r y O EM 1. B u s i n e ss + G e n e ra l A vi a t i on : B GA 2. C a p t a i n s o f I n du s t ry : COI 3. S upp l y C h a i n A l l i a n c e : S CA AAR Di s tribution 1 O E M partne r s wi t h us a c r oss all 5 mar k e ts 10+ OEMs partner with us in 2 or mo r e mar k e ts

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F Y 2 01 2 F Y 2 01 3 F Y 2 01 4 F Y 2 01 5 F Y 2 01 6 F Y 2 01 7 F Y 2 01 8 F Y 2 01 9 F Y 2 02 0 F Y 2 02 1 F Y 2 02 2 F Y 2 02 3 F Y 2 02 4 F Y 2 02 5 L TM Q 3 F Y 26 Le v e r a g i n g our leading m a r k et positi o n t o acc e le r a t e g r o w th and c o n tinue t o d r i v e ma r gin e xpa n sio n St r ong Di s tribution P e r f orm a nce T r ack R e co r d© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 40 Di s tribution sa l es +7 0 0 % t o t a l g r o w th FY 2012 – L T M Q 3 FY26 +1 7 % C A GR FY 2012 – L T M Q 3 FY26 K e y accomplishmen t s s inc e 202 3 I n v e s t o r Day Ad d ed 25+ new p r o d u c t li n e s N e w par t s Di s tr i bution deli v e r ed 28% S a l e s C A G R FY 2022 – L TM Q 3 FY26 F ocus on e x ecut i on r e s ulti n g i n 100% l a s t s e v e r a l y ea r s

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L a r g e an d G r o w i ng Add r essa b le Mar k e t w i th S i gnif i c an t R u n w a y f or G r o w th W el l - po s i t ion e d t o e xpand m ar k e t s ha r e and w i n n e w bu s in e ss S o ur c e : N a v e o L imit e d , A pri l 2026© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 41 K e y m ar k et d ri v e rs Ai r li n e s a r e… • • OEMs a r e… • • J a p anese Mi l i t a r y JV De f ense C omm e r ci al OEM S u p p ly t od ay B GA New p a r t s D i s tri b ution t o t al a d d r essable m a r k et ~4% T ota l A A R cur r ent m ar k et sha re

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F urthe r pe n et r a t e adjace n t a f t e r m a r k et op p o r tunitie s Dr i v e i n t e r n a tio n a l e xpa n sio n b y a p plyin g p r o v en D i s tri b ution business m o del in other r egions (e .g . , A P A C , f o r eign mi l i t a r y) Expand OEM Supp l y , l e v e r aging s t r engthe n ed positi o n f r o m ADI a c quisition In t eg r a t e mar k et i n t el l i g en c e f o r m a r k et sha r e g ains b y inc r easing au t o ma tion an d eva l u a ting A I oppor t unities Dr i v e ef f i c ie n c i es and l e v e r a g e d i git a l t o o l s t o enhan c e inf r a s tructu r e & w ork f l o w , r esu l ting i n m a r gin e xpa n sion C o ntinu i ng t o Accel e r a t e Di s tribution G r o w th an d Dri v e Ma r gin Exp a nsion th r ough Cl e ar St r a t egic In i ti a ti v es© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 42 W IN M O R E C O RE S C A LE W I T H D I S C I P L I NE E x ec uti n g s t r a t e g y t o c a p tu r e r ob u s t b u s i n ess d e v el op me n t p i p el i n e oppo r tu n i t y an d d el i v er p r o f i t a b le g r o w t h L E V E R A G E O U R P L A T F O RM

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T om H o f e r er S V P , Repair & Eng i neeri ng Repair© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 43

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K ey Messa g es \| R e p a ir 1 ~$95 0 M Repai r ope r a tio n wit h a ~$50 B mar k et op p ortu n it y; lea d i n g i n depe n de n t M R O in No r th Amer i c a deli v e r i n g sa f e , h i g h - qua l it y mai n t e n anc e solutio ns L e a ding in d ependent global p r o vider 2 Wi n n ing wit h i n du s t r y - lea d i n g l a bor e f f i c i e n cy and tur n a r ound time s , deep ai r c r a f t mai n t e n anc e e x p e r ti s e , and gl o ba l f oot p r i n t a l i g n ed t o cu s t omer n eeds Dif f e r enti a t ed of f ering 3 D e l i v e r ing p r o fi t abl e g r o wt h t h r o u gh d if f e r e n t i a t e d v al u e r opo s i t i o n , c apa c i t y add i t i o n s , a n d n e x t - g e n e r a t i o n c o m po n e n t s e r v i c e s s o l u t i o n s P r ofi t able g r o w th s t r a t e gy 4 D ri v in g g r e a t e r e ffi c i e n c y a n d p r od uct i v i t y t h r o u g h m i x m p r o v e m e n t s , l e a n i ni t i a t i v e s , a n d i nv e s t m e n t s i n d i g i t a l c apab i l i t i e s s u c h a s o u r p r op r i e t a r y P ap e r l e ss H a n g a r sys t em Ma r gin e xpansion© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 44

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R e p a i r , Engine e ring, & So f t w a r e Segmen t O v e r vi ew N o t e : S ee A pp e n dix f o r r e co n c i l i a t i on o f N o n - G A A P f i n an c i a l m e a s ur e s .© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 45 A i rf r a m e M R O (~$575 M L T M s a l e s) • F o cu s : n ar r o w bod y a n d r eg i o n a l a i r c r a f t i n N o r t h A m e r i ca • Mul t i - y e ar a g r ee m e n t s w i t h b lu e ch i p cu st o m e r s • T e chn o l o g y a n d p r op r i e t a r y ope r a t i n g m ode l de l i v e r i n g s u pe r i o r pe r f o r m a nce • 8 h e a vy m a i n t e n a n c e f a c i l i t i e s a c r o ss N o r t h A m e r i ca $1.0B L TM Q 3 F Y 26 Sa les + 8 % g r o w t h Y oY $127M L TM Q 3 F Y 26 Ad j . E B I T D A + 1 % g r o w t h Y oY 12. 7% L TM Q 3 F Y 26 A d j. E B I T D A ma r gin (85) bps Y oY K e y segment financials L e adi n g ind e pe n de n t M R O and a vi a tio n m a i n t ena n ce s o f t w a r e business C o m p o n e n t M R O (~$375 M L T M s a l e s) • F o cu s : e n g i n e a cc e ss o r i e s , a i r f r a m e s t r uc t u r e s , a n d c o m po n e n ts • H i g h v a lu e , c o m p l e x r ep a i r s o n cu r r e n t a n d n e x t - g e n p l a t f o r m s • O E M r e l a t i o n s h i p s e n a b l e a dd i t i o n a l n e x t - g e n c a p a b i l i ty • G r o w i n g p o r t f o l i o o f p r op r i e t a r y D E R r ep a i rs • 6 c o m po n e n t r ep a i r f a c i l i t i e s g l ob a lly S o f t w a r e (~$50 M L T M s a l e s) • M R O , f l ee t m a n a g e m e n t , a n d A I - e n a b l ed p r o cu r e m e n t s o f t w a re • D i g i t a ll y - e n a b l ed s o lu t i o n s R e pai r , Engine e ring, & S o f t w a r e activi t ies

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Deli v e r i n g sa f e , h i g h - qua l it y m a i n t ena n ce solu t i o ns with i n du s t r y - leading turna r oun d ti m es R e p a ir O v e r vi ew© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 46 Maintain an d r ep a ir ai r c r a f t an d ai r c r a f t co m ponen ts I n d u s t r y - l e a d i ng l a b o r e ff ici e n cy a n d t u r na r ou n d t i m e s dr i v e n b y co n t i n uou s i m p r ov e m e n t m i n d s et 65 y e a r s of e x p erien c e i n a i r c r a f t mai n t en a n c e E s t ablished c u s t omer base Global f ootprint al i g n ed wi t h our cu s t ome r s ' needs Cu s t omer a n d flee t f o c used Dif f e r enti a t ed t ec h n o lo g y of f erin g s V alue P r op o sit i on Leadi n g sa f e t y a n d qual i t y – S a f e t y M a n a g ement S y s t ems 7M+ la b o r hou r s an n ual ly 1,0 0 0+ ai r c r a f t se r v iced an n ual ly 3, 7 00 t echni c i a ns 1 5 ,0 0 0+ c o mp o nen t s r epai r ed an n ual ly Select cu s t om e rs

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Driving Indu s t r y - le a ding T urna r ound Times© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 47 " D/ C Che c k " m a i n t ena n ce • C om p r eh e nsi v e ins p ection an d r ep a ir o f the enti r e a i r c r a ft • P e r f or m ed e v e r y 1 - 3 y ea r s (C ch e ck) o r 6 - 10 y ea r s (D ch e ck) AA R b e n e f i ts • F a s t er th r o u g h p u t i n o u r h an g a r s & h i g h er r e v en ue • Ex p a n d s c u st o m e r r el a ti o n shi ps • Opp o rtu n it y t o c r o ss s e ll P arts a n d So f twa re F oc u s on r e m o ving da y s f r om main t enanc e vi s i ts Cu s t om e r ben e f i ts • P u ts ai r c r a f t b a c k i n t o s e r vice f a s t er • I m p r o v e d F i r s t Tim e Y i e ld • C o n si s t ently sa f e , q u a l it y p r o d u ct Indus t r y le a di n g C & D c he c k turna r ound times • I m p l e m en t e d K ai z en a n d G e m b a w a l ks • P r o p rie t a r y P ap e r l e s s Han g ar s y st em • In d u s t r y - fi r s t Sa f e t y M a n a g e m ent S yst e m (SM S) i m p l e m en t e d b y a n i n d e p end e n t M RO

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F Y 2 02 2 F Y 2 02 3 F Y 2 02 4 F Y 2 02 5 LTM Q 3 F Y 26 K e y accomplishmen t s s inc e 2023 I n v e s t or D ay ✓  Ac q ui r ed T ri u m ph P r od u c t Sup p or t , H A E C O Am er i c a s , and A R T 1 ✓  Di v e st ed no n - co r e L an d ing Gea r b u sine ss ✓  Expa n de d f oot p rint with Mia m i 2 and O k la h o m a City han g ar e xpansions ✓  C r e a t ed ad d itiona l r e v enue s t r eams th r ough en h a n ced airf r ame a n d co m ponen t of f er i ngs ✓  Im p r o v ed o p e r a tiona l e x ce l l en c e th r o u gh lean, pap e rless ha n g a r , and enha n c e d Sa f e t y Mana g e m en t S y s t em Dr i ving s t r o n g p r of i tab l e g r o w th b y deli v e r i n g i n du s t r y - leading l a bo r eff i c i enc y and tur n a r oun d ti m es f o r our cu s t ome rs St r ong P e r f orm a nce T r ack R e co r d in R e p a ir© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 48 1 . Triumph P r o du c t S upp o r t c l o s e d M ar c h 2024 , H AE C O Am e ri c a s a c qui s iti o n c l o s e d N o v e mb e r 2025 , A ir c ra f t R e co n f i g T e c hn o l o g i e s (A R T) c l o s e d A p ri l 2026 ; 2 . E x p e c t i n g co mp le t i on F a l l 2 026 +16 % C A GR Airf r ame & Compone n t M R O S ales +40 0 bps m a r gi n e x p an s ion N o t e : S ee A pp e n dix f o r r e co n c i l i a t i on o f N o n - G A A P f i n an c i a l m e a s ur e s.

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L a r g e Add r essa b le Mar k e t in R e p a ir w i th St r ong Secular G r o w th Dri v e r s I nd u s t r y - l e ad i n g p o s iti o n & e ffi c i e n c y c apab i l iti es e nab l e u s t o c ap t u r e add iti o na l s ha r e i n l a r g e , f r a g me n t e d m a r k et S o ur c e : N a v e o L imit e d , A pri l 2026© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 49 K e y m ar k et d ri v e rs 1 Inc r easing air t r a v el dri v ing g r o wing a irline dem a nd f or hig h - qua l it y sol u tion s , deli v e r ed on t ime 2 Reg u l a tions r equi r e r egu l a r m a in t enance 3 A gin g f lee t s a nd new a i r c r a f t deli v e r y con s t r a ints C om pon e nt 4 Limi t ed net w ork c a pacity m a i n t enance No r th A m e r i c a heavy a irf r am e m a i n t enance t od ay Repa i r t o t al a d d r essable mar k et ~2% T ota l A A R M o d i fi ca tio n s cur r ent m ar k et sha re

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Inc r e a sing R e p a ir & Engine e ring Ca p a b il i ties an d Ca p acity th r ough T a r g eted Acqu i sit i ons F ur t h e r d if f e r e n ti a t i n g AA R a s t h e l e ad i n g i nd e p e nd e n t M R O p r o vi d e r i n N o r t h A me r i c a t h r o u g h s t r a t e g i c a c q u i s iti o ns© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 50 TR I U MP H P r oduc t S up p ort A i r c r a f t R e c onfi g T echnol o gi e s – A R T 1 $725M A n n ounc e d t r a nsac t i on v a l ue $21M S a v e d i n co s t s y n e r gies $35M A n n ounc e d t r a nsac t i o n v a l ue 1 0 0+ Em pl o y ees K ey A c c om pl is hme n ts ✓   Unlo c k e d new r e p a i r c a p a b i l i t i e s ✓   I n c r e a s e d p r e s e n c e i n A P A C r e gi on ✓   Enh a n c e d a b i l i t y t o se r v e c u s t o m e rs ✓   S u cc essfull y in t eg r a t e d in t o p o r t f o l i o an d d e l i v e r ing s y ne r gi es S t r at egi c R a t i on a le ✓   Exp a nds eng i ne e r i ng c a p a b i l i t i e s ✓   A d ds s e l f - c e r t ifi c a t i o n c a p a b i l i t ie s ✓   Enh a n c es o f f e r ing t o c u s t o m e r s an d e xp a nds AAR ' s T AM w i t h p r o p r i e t a r y M R O so l ut io ns an d IP p o r t f o l io 1 . Tran s ac t i on c l o s e d i n A p ri l 2 026 . 2 . P art s M anu f ac t ur e r A p pr o v a l. L e v e r aging h eav y mai n t ena n c e p o si t i o n t o S t r a t e g y: d ri v e c o m p o n ent v o l u m e t o sho ps

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Accele r at i ng L on g - t erm G r o w th St r a t e g y w i th HA E C O Ameri c as Acqu i sit i on© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 51 App l y i ng A A R ' s p r o v e n in t e g r a t i on p l ayboo k t o HA EC O A m e r i c as s i t es : i m p r o v e p r of i tab il i t y and f u el g r o w th Cl e a r s t r a t e gic r a tion a l e a l i g ne d with lo n g e r - t e rm g ro w th pl a ybook Applyi n g AA R ' s p r ov e n i n t e g r a tion pl a ybook t o i m p r ov e p r ofit a bi l it y a nd posi t io n busin e s s f or g ro w th I m p r o v e m e n t s i n k ey per f orm a nc e i n di c a t o rs S a f ety Quali ty D e l i v e ry R e v e n u e o p ti m i z a ti o n • $ u 8 5 t 0 o m e l l r i s o n t h i r n o n u e g h 2 c 0 o 3 n 0 t r a t o c t s s e w l l i o t h u t c a p ac i t y • C o nt r ac t s a l i g ne d w i th k e y t e r m s o f o the r A i r f r a m e M R O cu s t o m e rs C o s t r e d u c ti o n s a n d p r oc e ss i m p r o v e m e n ts • I m p l e m en t e d AA R ' s s y s t e m s a n d p r o c e d u r e s a t H A EC O lo c a t i o n s t o i m p r o v e t u r n a r o u n d t i m e s a n d p r o fi t a b i l i ty • Ad j u s t c o s t s t r uc t u r e t o r e v en u e b a se F oo t p r i n t r a ti o n a l i z a ti on • E x i t i n g h ig h - c o s t I n di a n a p o l is f ac i l i t y , r e l o c a t i n g w o r k p r i m ar i l y t o H A EC O f ac i l i t i es • R e d uc i n g c o s t s a n d a dd r e ss i n g l a b o r a v a i l a b i l i t y c h a ll en g es

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A d di t io n al ~200 K sq. f t . c ap a city e x p a n si o n , wi t h 6 li n es of mai n t en a n c e ~$6 0M i n c r eme n t al r e v e n ue All new c ap a city h a s al r eady been sold t o cu s t ome r s; f o c used o n i n c r eas i n g t h r ou g hput M a r g i n a c c r e t i v e b y le v e r a g i n g e xi s t i n g f ac i li t y G &A Deep a via t io n t ec h n i ci a n labor pools i n ea c h lo ca t ion C a pi t al f or e x p a n si o n la r g ely p r o vided b y s t a t e a n d lo c al g ov ernmen ts Exp a nding Han g ar Ca p acity t o Me e t M R O Cu s t om e r D e man d in K ey Mar k e ts© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 52 O k l a h o m a C i t y +80,000 s q f t O nl i n e Q 1 C Y 2 026 Mi a m i +114,00 0 s q f t O nl i n e Q 3 C Y 2 026 (e s t.)

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I n v e s ting in Ca p a b il i ties t o Se r vice N e x t - g en C o mp o nen ts© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 53 A d di n g r epai r c apabilities f o r n e x t - g en e r a tio n engi n e c ompo n ents I n v e s t i n g i n c ap a bilities t o support LE A P a n d other n e x t - g en c o mpone n t s , a s w ell a s N E O and M A X s t ructu r es E x pand i ng engi n ee r i n g e xp e rtise E n h a n ci n g ability t o per f orm mo r e c o mpl e x modifi c a t io n a n d certifi c a t io n w ork, t a i lo r ed t o cu s t ome r s ' specifi c r equi r emen ts Deep e n i ng OEM r el a tio n shi p s OEM ch a n n el partne r s h ips and r epair authori za t ions driving al i g n ment wi t h n e x t - g en M R O dema n d b y g r a n t i n g a c cess t o O E M par t s a n d IP

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Ou t com es E n h a nc e d p a r t s a v a i l a bi l ity I n c r ea sed up t i me D e l i v e r p r e dictab l e , l o w e r - co s t ou t com e s f or c u s t om e rs I m p r ov e d m a r gi n s without a d d ition a l fi x e d costs P MA a n d D E R Re p a i r S o l u t i o n s I m p r o v i n g C u s t o m e r O u t c o m es© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 54 Cu s t ome r c h allen g es • Competi t o r s a r e una b le t o ad d r es s spe c if i c r e p ai r i s s u e s , or the OEM does not i n c lude the r e p ai r in manual • Component ma i n t ena nc e i s c o s tly an d ti m ely • A v ailabil i ty of OEM p a rts AAR so l ut i on • D eli v er i ng p r oprieta r y s olut i ons f or r e p ai r s th a t do not e xi s t else w he r e in the indu s t ry • PM A : of f eri n g F AA - app r o v e d a l t er n a ti v e p arts t o O E M c o m p o n ent s – n o t i n c o n f l i c t w ith O E M p art n e r s • DER : sup po rting engine e ri n g ap p r o va l s a n d d i g iti z e d mai n t ena n c e r eco r d s t o s t r ea m l i n e mai n t ena n c e a n d c o m p l ia n ce L e v e r aging PMA and DE R t o c r e a t e in c r e as e d s up pl y s tab il i t y and l o w e r c o s t al t e rn a t i v es f o r c u s t o m e rs

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Le v e r a g i n g o n e so f t w a r e pl a t f o r m t o se r v e c u st ome rs Inc r e a sed Efficiencies w i th P a p erl e ss Han g ar© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 55 C r e a t i ng a s c alab l e f o u nd a t i on w i th p r op r i e ta r y d a ta th a t w i ll p o w e r f u t u r e digi t al t oo ls P ap e rles s han g ar O u t comes >200 ma r g i n imp r o v ement 1 bps of ma i n t en a n c e li n es a r e 38 % no w paperless 1 . M argi n p e r f o rman c e at s e l e c t h an g ar s it e s a s o f 3Q F Y 26 r e l ativ e t o h an g ar g r o up

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Exp a nd h a n g ar c a p acity t o mee t in c r easin g cu s t omer M R O de m a n d Ut i l i z e comple t e r a n g e of Airf r ame & Com p o n ent M R O s olut i o n s t o drive g r o w t h an d e x t e n d du r at i on of c us t o m er a g r ee m e n t s E v alu at e g eog r a p hic e xpa n s i ons t o of f er l o w er co s t al t ern a t i v e t o c us t o m e r s a n d c a ptu r e i n c r e a s e d wide b o d y o p p o rtu n ities I n v e s t in c a p a b i l it i es t o se r vic e n e x t - g en co m ponents Inc r ease eff i ci e ncies b y l e v e r a g in g digital sol u tion s , i n cl u di ng paperle s s h a nga r , a n d T r ax E x e c u t i n g Re p a i r S t r a t e g y t o De l i v e r G r o w t h a n d I nc r ea s e d E ff i c i e nc i es© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 56 W IN M O R E C O RE S C A LE W I T H D I S C I P L I NE S c al i ng t o a c hi e v e highe s t le v els of pe r f o r m anc e w i tho u t s ac r i f i c ing qua l i t y and s a f e ty L E V E R A G E O U R P L A T F O RM

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Q&A© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 57

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BREAK© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 58

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And r e w S ch m idt S V P , So f t wa re So f t w a re WIP : D r a f t p r e s ent a ti o n ; plea s e r e f er t o y el l o w b o x e s in t h e upper r i g h t c o r ne r s f o r W o r k in P r o g r e s s (WIP) no t e s ; s lid e de s i g n s ubj e c t t o c ha n ge© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 59

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K ey Messa g es \| So f t w a re 1 2 3© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 60 I n du s t r y l eading so f t w a r e port f olio F ocused g r o w th s t r a t e gy U sing AA R ' s s c ale as a n acc e le r a t or Leadi n g th e mar k et wit h th e m o s t com p r e h e n s i v e clo u d - based, mo b il e , a n d A I - e n ab l ed a v i a tio n a f t e r mar k et so f twa r e – dr i v i n g g r e a t e r va l ue ac r os s a l l asp e c t s of ai r li n e & M R O t ec h n i c a l ope r a tio ns Wi n n ing n ew cu s t ome r s , g r o wi n g s h a r e - o f - wal l et wit h e xi s ti n g cu s t ome r s , a n d e x p and in g so f twa r e p r oduct port f o l io Capi t a l i z i n g on AAR ' s glob a l f oot p r i n t, s c a l e , and deep cu s t omer r el a tio n s h ip s t o w i n n ew b u s i ne s s and acce l e r a t e g r o wth

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D e li v ering C o mpl e t e an d Inn o v at i v e So f t w a r e Solutions f or th e A vi a tion A f t erm a r k et AAR So f t w a re© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 61 Why w e win C o mpeti t i v el y po s it i on e d in avi a tion aftermar k et S o f t w a re ✓  Comp l e t e sui t e of inn o v a t i v e p r od u c t s t o m od e rni z e avi a t i on t ech n i c a l op e r a t i ons ✓  Ad v an c ed mobi l e ap p s enabling ful l y di g ita l , en d - t o - end w orkfl o w e x e c u t ion – a n y w he r e , a n yti me ✓  Neu t r a l , tru st ed in d u s t r y p artner f or managi n g com p l e x a n d sensi t i v e d a t a (non - airlin e , no n - O E M) ✓  AAR ' s in t eg r a t ed p l a t f orm app r oach d eli v er i ng se am less connec t ivi t y and s c ale Mo s t advanc e d p l a t f orm f or lon g - r an g e heavy main t enance planni ng C l ou d - ba s ed s y s t em o f r eco r d f o r ai r c r a f t main t enanc e , e n h anc e d b y mo b ile ap p s f or r ea l - tim e w o r k e x ecut i on F ir s t A g e n tic AI p l a t f orm desi g ned f or a u t o m at ed M R O parts p r ocu r e m ent A e r o s t r a t an d A i r voy ant a r e fully in t eg r at ed w ith T r a x , an d c an als o ope r at e inde p en d ently

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F l agshi p o f o u r so f tw a r e po r t f o l io The co r e o pe r a tin g s y s t e m th a t ena bl es co m p l i a nt, effic i ent, an d ful l y co n nec t ed en d - t o - end a i r l ine an d M R O t ec h ni c a l o pe r a tio ns Hig h - m a r g i n , r ecu r r in g r e v en u e mo del T r ax is th e Mar k e t L e a d e r in Cl o u d - b a sed a nd Mobil e So f t w a r e P o w ering A i rlines an d M R O T ech n i c al O p e r at i ons© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 62 6,00 0+ c o mm e r c i a l a i r c r a ft (~20 % o f g l o b a l f l ee t) 100+ cu st o m e rs ~90% i nc r e a s e i n r e v e nu e s i nc e 2 023 14+ a v e r a g e cu st o m er t e nu r e (y e a r s) K e y c u s t om e rs

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Ada p ti v e So f t w a r e f or th e A vi a tion M R O Mar k et© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 63 • S u ppor t s a ll a spects of a i r c r a f t t e c hn i c a l o pe r a tions • Mode r n, c l ou d - b a s e d M R O E R P (e M R O) i s the es s enti a l s y s t em of r e c o r d , he l pin g en s u r e c o m p l ian t ope r a tions f or a i r l in e s a nd M R Os • S u i t e of r o l e - b a sed, e a s y t o u s e m o bi l e a pps (eM o bi l it y) enabl e effici e nt work completion • Cl oud s e r v i c e s (T r a x C lo u d) he l p l o wer I T op e r a tin g c o s t s a nd enh a nc e T r a x s y s t em per f o r man ce • So f t w a r e supports a ll M R O w o rkf l o w s inc l uding en g in e er i n g , p l a nn i n g , p r o c u r e m ent, i n v en t o r y mana g e m ent, r ep a i r co m p l etion, qu a l it y , a nd r eporting • C a ptu r es d a t a a t ever y s t e p of eve r y c r i ti c a l main t enanc e p r o c e s s P r o d u c t Fu n c tionality eM RO eM o bili ty T r a x C l oud • Mo d ula r an d 100 % c lou d - bas e d • R egul a t o r y s y s te m of r ec o r d , ena b lin g en d - t o - end w o r k e x e c u t ion • R epla c e s T r a x M &E • Co m p r ehens i v e s ui t e o f m o bile apps • R ol e - bas e d & intui t i v e • E na b le s 100 % d i g it a l / pa p erle s s w o r kfl o ws • iO S n a ti v e an d b r o w s e r - ba s ed • S e c u r e , t u r n k ey s o lu t ion • Ho s t all ap p li c a ti o ns • 24 /7/ 3 65 s e r vi c e & m oni t o r ing • A WS pa r t n er • N ew r e v enu e s t r eam of f erin g hi g he r , l o w er c o s t s e r vi c e le v el s t o c u s t o m e rs • T r a x suppo r ts 1 5 0K + main t enanc e , en g in e er i n g , p r o c u r e m ent, a nd suppl y c hain s t a ff

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T r ax D e li v e r s Extensi v e V alue t o Cu s t om e r s© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 64 L e ading a i r l in e and M R O s o f t w a r e – s igni f i c ant oppo r t u ni t y wi t h 50 % of th e w o rl d ' s f l ee t on le g a c y s y s t e ms Es s entia l r eg u l a t o r y s y s t e m o f r eco rd Ena b le s 100% di g i t al / p a pe r le s s w ork f l o ws S t r eam l ines en d - t o - e n d in f orm a tion f l ow Suppor t s bet t er decision - m aki n g th r ough im m edia t e a c cess t o da ta Inc r eases main t enan c e effi c ie n cy I m p r o v es as s et u tili z a tion

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C o r e o f o u r p l annin g p l a t f orm : l o n g - r an g e av i a tio n m a i n t enance p l annin g so f tw a re A u t om a t es co m p l e x s c heduling, ensu r es h e avy m a i n t e n ance c a p ac i t y , m ax i m i z es yie l d, a nd m inimi z es a i r c r a f t o ut - o f - se r v ice F ul l y in t e g r a t ed with T r a x o pe r a tin g s y s t em ~60% inc r ea s e in ann u a l r ecu r r in g r e v en u e (AR R) s i nce incept i o n Ae r o s t r a t C o ntinues t o P e r f orm Ab o v e Exp e ctations© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 65 Goal: qu i c k dep l o y m e nt t o T r ax c u s t o m e r s , e xpand s o f t w a r e c u s t o m e r bas e , c o r n e r s t on e of p l anning p l a t f o rm K e y c u s t om e r s & n e w w i ns 5,5 0 0+ C o mm e r c i a l a i r c r a ft A UG 2025 A c q u i r ed b y AAR 2/3 o f r e v e nu e d r i v e n b y n o n - T r a x c u s t o m e rs N e w w i ns s i n c e acquisi t ion ~66% o f Am e ri c a s - b as ed f l e e t u s e s A e r o s t r at

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A vi a tion P arts P r ocu r em e nt O p p o rtunity P r oc u r e m en t r e m ains o n e of th e m o s t unde r s e r v ed f u nc t ions in main t enanc e ope r a t i ons© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 66 A i rlin e M R O p r o c u r ement t od a y: F r a g m e n t ed, manua l p r oc e s s e s an d di s conne c t ed s y s t e ms • T eams s pen d time o n r epet i ti v e m anua l da t a ent r y in s t ea d o f s t r a t e g ic s o u r cing • L i m i t ed c o m petiti v e v e n do r r espo n se and d a t a - dri v e n deci s io n m a k ing • P ar t s p r o cu r e m ent c an d i r ect l y imp a ct a i r c r a f t av a i l a b i l ity The o pportunity Ai r l ines s p end ~$60 B ann u a l l y o n p a r t s a nd m a t e r i al T r a x cu s t om e r s an d thei r su p p l y b a se r ep r ese n t ~20 % o f t h i s t o t a l s p end P ar t s p r o cu r e m ent t a r g e t s on e o f the l a r g e s t co n t r o ll a b l e o pe r a tio n a l co s t c a t e g or ie s a f t e r fu e l an d l a b or Ex p o rt R e q u isi t i o ns Sea r ch f or M a t erial o r o t he r E RP Mar k e t pl ac e s , O E M W e b s it es , eMai l ,… R e q u e st Q u o te R e vi ew R e s po n s es C r e ate PO A p p r o ve PO P l ace O r der P r o c e ss I n v o i ce V e n d o r S y s t e m, eMai l ,… o r p r o c u r ement ER P , eMai l … o r finan c ial ER P o r p r o c u r ement ER P, eMai l … o r p r o c u r ement ERP (m anual ent r y) S o ur c e : N a v e o , A p ri l 2026

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T r ans f orming P arts P r ocu r ement w i th A I … an d On e (or Z e r o) Clic ks© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 67 R e a l - ti m e r e s p o n s e a n a l y sis w ith r a n ki n g and sc o ring Co n fide n c e S c o re AI g ene r a t e d A u t o m a t e s th e p r ocu r em e nt w o r k f l o w r eco m m e n d a ti on f r om r equi s it i o n t o i nv o ice (en d - t o - end) In t ell i g en t sou r cing de c isi o ns usin g da t a s c ience an d a g entic AI A u t o m a t e d o r d ering cont r ol l e d b y AI c o n f i d e n ce t h r esh o l d s and business r u le s such a s p a r t typ e , o r der va l u e , an d a p p r o va ls Continu o us l y imp r o v e s th r o u g h o r derin g de c i s io n s , use r a c tio n s , an d o pe r a tio n a l f eedb a ck Sou r c i n g A g ent L a u n c h a d v i s or s & p ar tn e rs :

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" The a g entic AI a p p r o a c h a l ig n s with o the r T ech O p s initiati v es w e ha v e g o in g" A u t omating P arts P r ocu r em e nt w i th A i r v o y ant Ex t en s i v e c u s t om e r in t e r vi e w s an d de m os h a v e v alid a t ed ne e d and de m an d f or Ai r v o y ant© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 68 " L o v e the new u ser e x p e r ienc e" " W e want a g en t s t o hel p us m ana g e t h e de m and r equ e s t s an d r educe m a t e r i a l s p end" "Ca n t h e a g e n t s e s ti m a t e ship p in g c o s t s be f o r e the y m a k e a b u y in g de c i s io n ?" C u s t omer F ee d b a ck L aun c he d A pril 21, 2026 E x panded A g entic W o r k f o r ce O r de r in g A g ent Dema n d A g ent S h op I n v en t o r y A g ent Logi s t ics A g ent V endor Analysis A g ent

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S i gnif i c an t G r o w th O p p o rtunit i es in So f t w a re T r ax po s i t ion e d as p r e f e r r e d opt i on t o upg r ade le g a c y s y s t e m s and g r o w sha r e - o f - w al l e t a t e x i s t i ng & n e w c u s t o m e rs© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 69 Com m e r c i a l Off The S h elf (C O T S): ~5 0% P eer A (Co m peting w ith airline s) P eer B (Not an M R O pla y er) L e g a c y s y s t ems : ~5 0% So f t w a r e f r o m 1 9 7 0 s & 1 9 8 0s Needs t o be upg r a d ed A v i a t i on a f t er m ar k et So f t w a re R e p l ac i ng i n - hou s e l e g a c y so l u t ions G a ining ma r k e t s ha re S ign i f i c a nt g ro w th oppor t u nit i es

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L e v e r a g e c r edibility c r e a t ed b y Del t a , A m erican an d Catha y P a c ific wins Continue t o u s e A A R ' s r each and ac c es s as an a c c ele r a t or Ex p an d r egional sales an d s u p p ort p r esence Upg r ade l e g ac y T r ax ERP cu s t o m e r s t o ne w T r a x p r oduc t s an d se r v ices C r os s - se l l bet w een A A R s o f t w a r e co m panies Scale uni f ied sales t eam se l ling al l soft w a r e b r an d s C r e a t e ne w , inn o v a ti v e soft w a r e so l ution s an d se r v ices Acqui r e comple m en t a r y soft w a r e companies L e v e r a g e Inn o v a tion L ab a n d A I - F o u nd r y t o shor t en tim e - t o - m a r k et E x ecuting Our So f t w a r e St r a t e g y t o Accele r a t e P r ofita b le G r o w th© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 70 Ac qui r ing new cu s t ome r s e E x p a nding w ith xi s ting c u s t ome rs G r o w ing port f ol i o W I N of s o lut i ons M O R E C O RE S C A LE W I T H D I S C I P L I NE P ar t n e r i ng w i t h c u s t o m e r s t o mod e rn i z e t ec hni c al op e r a t i on s and e xpand bu s in e ss L E V E R A G E O U R P L A T F O RM

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Ac qui r ing new cu s t ome r s e Expanding w ith xi s ting c u s t ome rs En h an c ing port f ol io w ith new s olut i ons S i gnif i c an t P r og r ess D e li v e r e d t o D a t e w i th So f t w a re© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 71 Do u b le d ai r c r a f t s up p o r t e d b y AA R s o f t w a r e s in c e T r ax acq u i s i t ion T ec h O ps I nc r e as e d annu a l r e v e nu e 4 x I nc r e as e d annu a l r e v e nu e 5 x I nc r e as e d annu a l r e v e nu e 4 x M a t e r i al pl anning L o n g - r a n g e m ain t e nanc e p l a nn i ng N e w A I s o l ut i on W IN M O R E C O RE S C A LE W I T H D I S C I P L I NE L E V E R A G E O U R P L A T F O RM

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N i ch o la s G r oss S V P , G o v ernme n t P r o g r ams G ov ernme n t Soluti o ns WIP : D r a f t p r e s ent a ti o n ; plea s e r e f er t o y el l o w b o x e s in t h e upper r i g h t c o r ne r s f o r W o r k in P r o g r e s s (WIP) no t e s ; s lid e de s i g n s ubj e c t t o c ha n ge© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 72

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K ey Messa g es \| G o v ernm e nt Solutions 1 ~$50 0 M s e gme n t wit h a ~$48 B pipeli n e op p ortu n it y ; dr i v e n b y s h i f t t o com m e r c i a l solutio n s , s t r eam l i n ed cont r acti n g p r oce s s e s , a n d i n c r eas e d de f e n s e spe n di ng Mar k et leader 2 U n iquely posit i on e d t o del i v e r com m e r c i a l be s t p r actic e s o g o v e r n ment cu s t ome r s , l e v e r ag i n g our glo b a l r eac h , i n t e g r a t ed AAR p l a t f orm, and f a s t tur n a r ound time s Dif f e r ent i a ted of f eri ng 3 D r iving p r o fi t ab l e g r o wt h t h r o u gh c o mm e r c i al i z e d e r v i c e s f o r t h e m i l i t a r y , e x pa n s i o n o f c l a ss ifi e d m o d - w o r k , g r o w in g f o r e i g n m i l i t a r y s a l e s , a n d in t e g r a t in g T r a x G r o w th s t r a te gy© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 73

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Cr i t i c al s u pply chain partn e r t o ou r c u s t om e r s – i m p r o ving pe r f or m ance a n d r ed u c i n g t otal co s t s G o v ernm e nt Solutions Segmen t O v e r vi ew $514M L TM Q 3 F Y 26 A d j. Sa les + 12 % g r o w t h Y oY $56M L TM Q 3 F Y 26 Ad j . E B I T D A + 5 6 % g r o w t h Y oY 10. 9% L TM Q 3 F Y 26 A d j. E B I T D A ma r gin + 320 b p s Y oY K e y segment financials F ocus pl a t f orms K e y cu s t om e rs • P - 8 • C - 40 • F - 16 • C - 130 • U H - 60 • C - 17 • K C - 135 • K C - 46 K e y of f erings • De l i v e r ing comm e r ci a l b e s t p r a c t ic e s a c r o ss ma i n t e n a n c e a n d su p p l y c h a i n s , i nc r ea s i ng r ea d i n e s s an d d e c r ea s i ng o v e r a ll co st • R e v i t a l i zing a ging s u pply ch a i n s th r o ugh p e r f o r m an c e - b a se d l o gi s t i c s so l ut io n s , i m p r o v i ng w a r f igh t e r r ea din e ss • S t r ea ml i n i ng s u pply ch a i n op e r a t ion s , enh a n c ing c u s t o m e r ef f i c i e n c y th r o ugh b e spo k e t h i r d - p a r t y lo g i s t ic s sol u t ions • I n t e g r a t i ng a l l f a c e t s o f avi a t i o n a f t e r m a r k e t i n t o comp r e h e ns i v e t a i l o r e d sol u t ions • Mobil i t y S y s t e ms© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 74 N o t e : S ee A pp e n dix f o r r e co n c i l i a t i on o f N o n - G A A P f i n an c i a l m e a s ur e s. U n i t e d S t a t es N a vy U n i t e d S t a t es A i r F o r ce U n i t e d S t a t es D e p t. o f St a te U n i t e d S t a t es A r my R oy al N o r w eg i a n A i r F o r ce Col o m b i a n A e r o s p ace F o r ce U n i t e d K i n g d om R oy al A i r F o r ce

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G o v ernm e nt P r og r ams O v e r vi ew© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 75 P r o v ide ai r c r a f t main t enan c e , s u p p ly ch a in so l ution s , a nd f l ight ope r a tion s u p p ort f or g o v ern m ent cu s t o m e rs >30 Pl a t f o r ms se r v iced 35 C o untries in w h ich w e o p e r at e C o mme r ci a l be s t p r a c t ic e s p r o vide s a vi n g s f o r c us t o m e r s T a il o r ed s o luti o n s t o o p t im i z e fleet r e a di n e ss Glo b a l r e a c h wi t h t h e ab i lity t o s i mpl i f y c o m pl e x o p e r at i on s a r o u n d t h e w o r ld N i mbl e cultu r e t h at e n a ble s f a s t er t u r na r o u n d t im e s at l o w er c os t s Ability t o in v e s t i n r e s o u r c e s r eq u i r ed t o deliver s u cc e s s I n t e g r a t ed pla t f o r m leve r ag i n g AAR ' s full c a p a bilities V alue p r op o sit i on

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$20B C o nfiden t in Abil i ty t o Accel e r a t e G r o w th an d Ca p tu r e L a r g e Pipeline O p p o rtunity Capt u r i ng i nc r e m e nta l g r o w th oppor t un i t i es w i th a c o mm e r c ia l b e s t p r ac t i c es app r oach S o ur c e : C o mpany e s t im a t e s© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 76 G o v ernment P r og r ams cur r ent pi p eline K e y mar k et d ri v e rs 1 2 3 De p a rtme nt of W a r ' s g r o w i n g f oc us o n r e a d i nes s a n d r e d uc i n g t o ta l l i f e c y cle co s t s Comme r c i a l i z i n g De f ense I n d u s t r i a l B a se • C u r r en t Do W poli c i e s p r io r i t i z e c o m me r c ial c o m pa n i es / s olu t ions ov er t r adi t ion a l D e f en s e Indu s t r ial B a s e s olu t ions I nc r e a s e d g l o b a l d e f ense s p en d i ng • E u r opean de f en s e bud g et s a r e e x c e e din g 2 % b ud g et an d s o m e pas s in g 5% • Eu r o pea n in d u s t r ial b a s e also s e e kin g s up p o r t f o r new pl a t f o r m s I nc r e a si n g u s eful l i f e of e xi s t i n g flee ts ~ $48B t o t al pi p eline o v er the n e xt 10 y ea rs 5 - 10 y ea rs $12B 1 - 3 y ea rs 3 - 5 y ea rs $16B 4

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G o v ernm e nt Solutions P r o vides Di v e r si f i c at i on an d Balan c e t o th e A A R P or t f olio© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 77 G o v ernment Soluti o ns dr i v es inc r emen t al w ork a c r os s A A R Ma n y p r og r ams r equi r e li m i t ed capita l i n v e s tment Stead y r e v enue s t r eam with cu s t o m e r s wh o p a y r eliably an d on time Busines s c r e a t es b a lance an d s t a b ility d uring mar k et d o wnt u rns Abi l ity t o l e v e r a g e e xi s ting inf r a s truct u r e t o s e r v e g o v ernmen t s an d mi l i t a r ies an d meet their nee d s (e . g ., r e l i ab i l i t y , r e ad i n e s s , la r g e i n v e n t or i e s , l og i s t i c s , a n d m a i n t e n a n c e s u pp or t)

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C o m m e r c iali z e se r vic e o ffer i n gs f or t h e milita r y; inc r easing a d opt i on of com m e r ci a l P ar t s , R epai r , and S oft w a re Ex pa n d c lassif i e d mo d - w o r k and i n c r ease c o v e r a g e o n milita r y - spec i fi c fleet s (F - 16, C - 13 0 , B - 52, e t c .) G r o w f o r eig n milit a r y sales b y le v e r aging e xi s ting c omme r c i a l inf r a s t r uc t u r e a n d c u s t omer r el a tio n shi ps I n t eg r at e T r a x ap p lic a ti o n s a n d s o lutio ns E x ecuting Our G o v ernm e nt St r a t e g y t o Dri v e P r ofita b le G r o w th an d D e li v er Uniqu e , V alu e - Add Solutions f or M i lita r y Cu s t om e rs© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 78 W IN M O R E C O RE S C A LE W I T H D I S C I P L I NE Bui l din g on hig h e r win r a t e & r e t ent i on t o de l i v e r s u s taina b l e g r o w th o v e r n e xt 3 y ea rs L E V E R A G E O U R P L A T F O RM

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Ou t com es ~240 ai r c r a f t deli v e r ed F leet modific a tion sc h ed u le ac c ele r a t ed b y y e a rs Hund r eds of addition a l a i r c r a f t bringin g a d v anced s y s t em s t o the fi g ht t o day Cu s t o mer th r il l ed with hi g h - q u alit y , r eliable e x ecuti o n – p r ais e d A A R f o r enhan c ed r e a diness r a t es© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 79 Cu s t ome r ch a l l en ge • A i r F o r c e Li f e C y c le Mana g ement Cen t er nee d ed p a rtner t o s u p p ort U ni t ed S t a t es Air Fo r c e F - 16 ai r c r a ft • Cu s t omer ha d i s s u es w ith mi s s i on c r i ti c al mod i fi c a tion s b e ing c omple t ed on time and on bud g et Un i que AAR so l ut i on • A w a r de d 10 - y ear $365M inde f in i t e deli v e r y / indefini t e quantity c ont r a c t t o p r o v i de de p o t - le v el an d c ont r a c t field t eam ma i n t ena nc e f or F - 16 ai r c r a f t • W orl d - c las s t eam of ~200 t e c hnicians ope r a ting a c r os s 12 g lo b al lo c a tions t o sup p ort b r ea d t h of ma i n t ena nc e nee d s • A gil e , c u s t ome r - f ocused ope r a tion s model ada p ts t o c h an g ing c u s t omer nee d s Cas e Study: L e v e r aging C o nt r actor F ield T e a ms t o P e r f orm C o mpl e x Ai r c r a f t R e p a i r s D e l i v e r i ng highl y f l e x i b l e , adapta b l e , and s c alab l e m ain t e nanc e & s up pl y c hain s o l u t ions St r engthen i n g A AR ' s ma r k e t l e ade r sh i p b y de l i v e r ing a g i l e , r e s ponsi v e , an d r apid main t enanc e s ol u t i ons t o th e U . S . D e part m en t of W ar

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K ey Messa g es \| G o v ernm e nt Solutions 1 ~$50 0 M s e gme n t wit h a ~$48 B pipeli n e op p ortu n it y ; dr i v e n b y s h i f t t o com m e r c i a l solutio n s , s t r eam l i n ed cont r acti n g p r oce s s e s , a n d i n c r eas e d de f e n s e spe n di ng Mar k et leader 2 U n iquely posit i on e d t o del i v e r com m e r c i a l be s t p r actic e s o g o v e r n ment cu s t ome r s , l e v e r ag i n g our glo b a l r eac h , i n t e g r a t ed AAR p l a t f orm, and f a s t tur n a r ound time s Dif f e r ent i a ted of f eri ng 3 D r iving p r o fi t ab l e g r o wt h t h r o u gh c o mm e r c i al i z e d e r v i c e s f o r t h e m i l i t a r y , e x pa n s i o n o f c l a ss ifi e d m o d - w o r k , g r o w in g f o r e i g n m i l i t a r y s a l e s , a n d in t e g r a t in g T r a x G r o w th s t r a te gy© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 80

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Dyl a n W olin S V P a n d C h ief F i n a n ci a l Officer F inancial O v e r view© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 81

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K ey Messa g es \| F inancial O v e r vi ew 1 S uccess f u l ly gene r a ti n g g r o wth and m a r g i n x p an s ion Deli v eri n g consi s tent fin a ncial r esults 2 Mo d e r a t e le v e r a g e t o support valu e - acc r et i v e api t a l dep l o yme n t op p ortu n it i es St r ong, fl e xible balance she et 3 E x ecut i n g di s c i p l i n ed M&A t o acc e le r a t e s t r a t e g i c object i v e s and s h a r e h o l der value c r e a tio n Di s cipline d M&A s t r a te g y & f r ame w ork 4 Accele r a ti n g r etu r n s t o s h a r e h o l de r s th r oug h o r g an i c and i n o r g an i c g ro wth , ma r g i n e x p an s io n , and a d ditional c ash c o n v e r s i on Continuing t o e x ecute© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 82

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Cl e ar T r ans f ormati v e St r a t egic an d F inancial Actions…© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 83 Ad d e d dif f e r enti a t e d c a p a b ilit i e s th r oug h s t r a t egic acquisitions in k e y busines s lines: P art s , R e pai r , Sof t w a re S i mplified the port f oli o b y e xitin g / r e s t r uc t u r ing no n - c o r e busine s s es Ex t end e d our le a ding positi o n in co r e activitie s (e .g. , Ai r f r ame M R O an d n e w par t s Di s t r ibu t io n)

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$156 $190 $242 $324 $376 8 . 6 % 9 . 5% 10 . 4% 11 . 8 % 12 . 1% F Y 2 02 2 F Y 2 02 3 F Y 2 02 4 F Y 2 02 5 LTM Q 3 F Y 26 …Resul t e d in St r ong F inancial P e r f orm a nce D e l i v e r i ng s t r ong g r o w th and e xpand i ng m a r gins© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 84 $1 , 817 $1 , 991 $2 , 321 $2 , 7 48 $3 , 116 F Y 2 02 2 F Y 2 02 3 F Y 2 02 4 F Y 2 02 5 LTM Q 3 F Y 26 Adj. S ale s ($M) +15% C A GR Adj. E PS $2 . 4 1 $2 . 86 $3 . 33 $3 . 91 $4 . 67 F Y 2 02 2 F Y 2 02 3 F Y 2 02 4 F Y 2 02 5 LTM Q 3 F Y 26 +26% C A GR +19% C A GR ~90 a v g . b p s / yr Adj. E BIT D A ($M) an d ma r gin (%) N o t e : S ee A pp e n dix f o r r e co n c i l i a t i on o f N o n - G A A P f i n an c i a l m e a s ur e s.

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St r ong Balan c e Shee t w i th Ample L i quidity© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 85 $195 $700 F Y 2 02 6 F Y 2 02 7 F Y 2 02 8 F Y 2 029 D e bt m a t u r i ty s c hed u l e ($M) A s o f F e b r u a r y 2 8 , 2026 (Q 3 F Y 2 6) C a sh an d C ash Equivalen t s $79M T o t al De b t $895M Net D ebt $817M A vailable C r edit $761M T o t al A vailable Liquidity $840M 1.0 7x 3.30x 2. 7 2x 2.17x F Y 2 02 3 F Y 2 02 4 F Y 2 02 5 LT M Q 3 F Y 26 P r o F or m a Adju s t ed N e t L e v e r a ge T a r g e t l e v e r a g e 2.0x – 2.5x Ac q ui r ed TPS

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Cl e ar St r a t e g y t o Dri v e Imp r o v e d Cash C o n v e r sion 12% 18% 11% 25% 0% 1 0% 2 0% 3 0% 4 0% 2 0 2 3 2 0 2 4 2 0 2 5 L T M Q3 F Y 26 C a sh f r o m Ope r a tions as % of Adj. E B IT DA 3 - y ear ta r g et ~3 0 %+ Exit o f le s s c a s h - g ene r a ti v e bu s i n e s s es • L anding G ear • L e g ac y C o mme r c i a l P r o g r ams G r o w t h in s t r on g c ash fl o w a c tiv i ties • Repa ir • G o v ern m ent • S o f twa re W or k ing c a p ital mana g ement • H igher i n v en t o r y turns • L ow er A R da ys N o t e: C a s h c o n v er s i o n e x p e c t ed t o v ar y p er i o d - to - p er i o d i ncl u d i n g b a s e d o n st r at e gi c gr o w t h i n v e s t m en ts i n i n v en t o r y© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 86

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Balan c e d an d Disc i pline d Ca p ital Allo c at i on St r a t e gy Driving V alue C r eation 1 O r g a n i c i n v e s t m e n t t o d r i v e g r o w th© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 87 C a pi t a l a ll o c a t i on p r i or i t ies 2 M & A t o a cc ele r a t e s t r a t eg i c e x e c u t ion 3 M a i n t a i n f l e x i ble b a l a nc e s h eet 4 R e t u rn s t o s h a r e h o lde rs • S u pp o r t n ew b u s i n e ss w i n s i n n ew p a r t s D i s t r i b u t ion • S t r a t e g ic A i rf r a m e M R O e x p an s io n • S o f t w a r e an d I P - e na b l ed o f f er i ng s: PM A , p r o p r i e t a r y r ep a i rs • D i s c i pl i n e d ad h e r e n c e t o s t r a t e g i c f i l t e r s a n d f i nan c i a l c r i t e r ia • F o c us e d o n c o r e g r o w t h v e c t o rs • I nc r e a s e i n t e ll e c t u a l p r o p e r t y i n p o r t f o l io • A s s e ss o pp o r t u n i s t ic s ha r e r ep u r c ha s es • T a r g e t P r o F o r m a A d ju s t ed N e t L e v e r a g e r a t io o f ~2 . 0 x – 2 . 5 x • Wi ll i ng t o f l e x h i gh er f o r h i gh r e t u r n a c q ui s i t io n s an d r a p i d l y d e - l e v er

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R e p o sit i on e d th e P or t f olio th r ough St r a t egic M&A an d Di v e s titu r es© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 88 Simplified a nd en h anc e d po r t f olio of f e r s l a r g e r s c a l e , h i gher g ro w th, and h ighe r m a r gins P r o v id e r o f a i r c r a f t M R O & f l ee t m a n a g e m e n t s o f t w a re G l o b a l p r o v id er o f s p e c i a li z e d m a i n t e n a n c e , r e p a i r , o v er h a u l c a p a biliti es M a i n t e n a n c e pl a nn i n g s o f t w a r e p r o v id er Gl o b a l di s t rib u t o r o f e l e c t r o n i c co mp o n e n t s & a ss e mbli es H ea vy ma i n t e n a n c e p r o v id er i n No r t h A m er i c a Lea di n g a i r c r a f t i n t e r i o r s e n g i n ee r i n g co mp a ny A cc e l e r a t e s s o f t w a r e s o l u ti o n s o f f er i n g f o c u s e d o n c o r e a v i a ti o n a f t er m ar k e t c u s t o m e rs A dd s di f f e r e n t i a t e d r e p a i r o f f er i n gs a n d e x p a n d s f oo tp r i n t i n h i g h e r - g r o w t h A P A C r e g i on E x p a n d s r ea c h o f s o f t w a r e o f f er i n gs a n d T r a x E R P c a p a biliti es S i g n i f i c a n t l y e x p a n d s e l e c t r o n i c s D i s t r ib u ti o n c a p a biliti e s a n d a cc e ss t o n e w a i r c r a f t p r o d u c ti o n e n d - m ar k et O p t i m i z e s No r t h A m er i c a n f oo tp r i n t a n d e x t e n d s l ea d e r s h ip p o s iti o n i n A i r f r a m e M RO A dd s i n c r eme n t a l e n g i n ee r i n g c a p a b iliti e s a n d e x p a n d s t o t a l a dd r e ss a b l e m a r k e t f or R e p a i r a c ti v iti es $120 M $725 M $15 M $146 M $77 M $35M ✓ ✓ O n t r a c k O n t r a c k O n t r a c k O n t r a ck Di v e s t i t u r e s : Exi t e d n on - c o r e busi n ess e s Air l i f t C o m p o si t e s M a n u f a c turi n g L a n d i n g G e ar L eg ac y C o m m e r c ia l P r o g r ams (in p r oc e ss)

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C o ntinu i ng t o E x ecu t e Disc i pline d , P r og r ammatic M&A St r a t e g y© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 89 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 89 F ocus a r e as • Ad d i t i o nal n e w pa r t s Di s tr i but i on p r o d uc t l i n e s and e n d - mar k e ts • Air f r ame and C o mpon e nt M R O c apa b i l i t y an d ef f ic i e n cy • E n h an c em e n t s t o r e c urr i n g r e v e n ue s oftwa r e pl a t f orm St r a t egic f i lt e rs • Ac c el e r a t e s e x e c u t i o n o f s t r a t e g ic ob j e c t i v es • Di f f e r e n t i a t ed c apa b i l i t y or co s t posit i on • C o mplemen t a r y o f f e r ings • C l ea r s yn e r g y g e n e r a t i on F inancial c ri t e r ia • Ac c r eti v e t o r e v e n ue g r o wth or a d j . E B I T D A m a r gins • A f t e r - t ax IR R e x c e eds c o s t o f c api t al • Imp r o v ed l o n g - t e r m c as h f l o w p e r f or m an c e • P a th t o t a r g et P r o F or m a Ad j . N e t Le v e r a g e r a t i o r an g e o f ~2.0 x – 2.5x

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A d j. Sa l e s C A GR 6 – 10% Ad j . E B I T D A ma r gin 13%+ Ad j . E PS C A GR ~15% F inanci a l F r am e w ork© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 90 3 - y e a r t a rg e ts© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 90 Rel e v ant a s s um ptions • Cas h c o n v e r si o n e x p ec t e d t o va r y p eri o d - t o - p e ri o d b as ed o n s t r a t e g i c g r o w t h i n v e s tm e n ts i n i n v en t o ry • ~28 % a v e r a g e ta x r a te O p e r a t i n g Cash Fl o w as % of a d j. E B I T D A ~30%+ T o t al A AR 8 – 12% 13 – 1 4 %+ ~ 1 5 %+ ~30% T o tal AAR e x c l udin g L e g a c y C omm e r ci a l P r o g r ams • T a r g e t C A GR s r efle c t g r o w th f r o m F Y 2 0 26 b as e l i ne • I nc lu d e s F Y 2 026 a c q u isi t i o n s; f u tu r e M &A i nc r e m enta l t o f r am e w o rk

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P ar t s S u p p ly Re p ai r , Engineer i ng, & S oft w are G o v ern m ent S o l u t i ons Adj u s t e d Sales G r o w th Brid g e K e y tailwinds S us t a i ned co m m e r ci a l a i r t r a v el g r o w th o v e r m ed i u m - t o - l o n g t e r m with f l eet a g e r e m a i nin g elev a t ed Ex p ect conti n u e d a b o v e - m ar k et g r o w th in new p a r t s Dist r i b uti on C o ntin u ed penet r a tio n o f so f tw a r e m ar k et Ai r f r ame M R O effic i encies an d C om pon e nt M R O g r o w th 'Ope r a tio n a l r ea d ines s ' r e m a i ns g o v e r n m ent prio r ity© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 91 ~$3,270 8 - 12% C A GR K e y hea d wi n ds P o t e n ti a l i m p a ct o f hi g h er jet f u el prices f or l o n g e r o n co m m e r ci a l demand W i n d - d o wn o f L e g a c y C omm e r ci a l P r o g r ams I nclude s F Y 2026 a c qui s it i o ns; fut u r e M & A inc r e m en t a l t o financi a l f r ame w ork D o es n o t a s su m e m eanin g ful imp a ct f r om elev a t ed fu e l prices 6 - 10% C A GR F Y 2026 E gui d a n c e m i d p o i nt T o t a l A A R 3 - y e a r ta r g et L e gac y C o m m e r c ia l P r og r ams w i n d - d o wn T o t a l A A R 3 - y e ar ta r g et (ex . L e g a c y Com m e r ci a l P r og r a m s)

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~12% Adj. E B I T D A Ma r gin Exp a nsion Brid ge© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 92 13 – 14%+ K e y tailwinds G r o w th in hi g he r - m a r g i n P ar t s , S o f tw a r e , an d C om pon e nt M R O a c tivit i es C o ntin u ed effic i ency g a i ns in Ai r f r ame M RO Mi x - shi f t t o w a r d hi g he r - m a r g i n p r o g r ams within G o v e r n m ent S o l uti o ns S c a l e o n fi x ed co sts W i n d - d o wn o f L e g a c y C omm e r ci a l P r o g r ams K e y hea d wi n ds P o t entia l f or m i x shi f t in R ep a ir I nclude s F Y 2026 a c qui s it i o ns; fut u r e M & A inc r e m e n t a l t o fina n ci a l f r am e w ork D o es n o t a s su m e m eanin g ful imp a ct f r om elev a t ed fu e l prices 13% F Y 2026E L e gac y C o m m e r c ia l P r og r ams w i n d - d o wn T o t a l A A R 3 - y e ar ta r g et (ex . L e g a c y Com m e r ci a l P r og r a m s) M i x s h i ft A i r f r a m e M R O effici e n cy S c ale o n fi x e d c o s ts T o t a l A A R 3 - y e a r ta r g et

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Q&A© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 93

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Closing Remar ks© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 94 C h a i rma n , P r esident, a n d C h ief E x ecuti v e Officer John M. H o lmes

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Why I n v e s t in AAR \| C o mp e lling I n v e s tmen t O p p o rtunity© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 95 M ulti - y ear i n v e s t men t s c r e a t i n g a r e s i l i e nt avi a t i on a f t e r ma r k e t 1 pl a t f or m und e rp i nned b y lon g - t e r m s e c u la r g r o w th H i g h - pe r f or m ance c u l t u r e f o c used o n sa f e t y , qual i t y , co m pl i anc e , an d e x e c u t ion en a blin g i n du s t r y - leadi n g 2 cu s t omer se r vi ce C l ea r s t r a t e g y f o c used o n c u s t om e r s u c c e s s , dr i ving 3 cont i nu e d g r o w th an d lon g - t e r m v al u e c r e a t i on Oppor t u n ities t o fur t her ac c e l e r a t e sha r eho l de r r e t u r ns 4 th r ough di s c i pl i ned r e i n v e s t m ent

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APPENDIX© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 96

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No n - G A A P financial me a s u r es ($ i n m i l l i o n s) 201 8 202 2 202 3 202 4 2025 S a l e s $1 , 748 . 3 $1 , 820 . 0 $1 , 990 . 5 $2 , 318 . 9 $2 , 780 .5 N e t i n c o m e 15 . 6 78 . 7 90 . 2 46 . 3 12 .5 N e t i n c o m e m a r g i n 0 . 9 % 4 . 3 % 4 . 5 % 2 . 0 % 0 . 4% S a l e s $1 , 748 . 3 $1 , 820 . 0 $1 , 990 . 5 $2 , 318 . 9 $2 , 780 .5 C o n t r a c t t e r mi n a t i o n / r e s t r u c t u r i n g & l o ss p r o v i s i o n , n e t - (2 . 9) 0 . 1 2 . 3 (32 . 2) A d j u s t e d s a l e s $1 , 748 . 3 $1 , 817 . 1 $1 , 990 . 6 $2 , 321 . 2 $2 , 748 .3 N e t i n c o m e $15 . 6 $78 . 7 $90 . 2 $46 . 3 $12 .5 I n c o m e f r o m d i s c o n t i n u e d o p e r a t i o n s 58 . 1 (0 . 2) (0 . 4) - - I n c o m e t a x e x p e n s e (b e n e f i t) 3 . 5 26 . 6 31 . 4 12 . 0 26 .4 O t h e r (i n c o m e) e x p e n s e , n e t 0 . 9 (2 . 2) 0 . 8 0 . 4 0 .3 I n t e r e s t e x p e n s e , n e t 7 . 9 2 . 3 11 . 2 41 . 0 73 .6 L o ss o n e x t i n g u i s h m e n t o f d e b t - - - - D e p r e c i a t i o n a n d a m o r t i z a t i o n 40 . 5 33 . 1 27 . 9 41 . 2 55 .2 A c q u i s i t i o n a n d i n t e g r a t i o n e x p e n s e s - 6 . 2 29 . 7 10 .8 F C P A s e tt l e m e n t , i n v e s t i g a t i o n , a n d r e m e d i a t i o n c o s t s - 3 . 7 4 . 7 10 . 5 65 .3 L o ss e s r e l a t e d t o s a l e a n d e x i t o f b u s i n e ss / j o i n t v e n t u r e , n e t - 1 . 7 0 . 7 2 . 8 70 .3 R u ss i a n b a n kr u p t c y c o u r t j u dg m e n t (r e v e r s a l) - 1 . 8 11 . 2 (11 . 1) C o n t r a c t t e r mi n a t i o n / r e s t r u c t u r i n g & l o ss p r o v i s i o n , n e t - 0 . 9 2 . 0 4 . 8 0 .2 G o v e r n m e n t C O V I D - r e l a t e d s u b s i d i e s , n e t - (4 . 9) (1 . 6) - 0 .8 P e n s i o n s e tt l e m e n t c h a r g e - - 26 . 7 - S e v e r a n c e c o s t s 4 . 5 2 . 0 0 . 1 0 . 5 - A ss e t im p a i r m e n t a n d e x i t c h a r g e s - 3 . 5 - - - F a c i l i t y c o n s o l i d a t i o n a n d r e p o s i t i o n i n g c o s t s - 0 . 2 - - - C u s t o m e r b a n kr u p t c y a n d c r e d i t c h a r g e s - 1 . 0 1 . 5 - - C o s t s r e l a t e d t o s t r a t e g i c p r o j e c t s (r e v e r s a l s) - 1 . 8 (0 . 2) - - S t o c k - b a s e d c o m p e n s a t i o n 15 . 3 8 . 2 13 . 5 15 . 3 19 .9 A d j u s t e d E B I T D A $146 . 3 $156 . 4 $189 . 8 $242 . 4 $324 .2 A d j u s t e d E B I T D A m a r g i n 8 . 4 % 8 . 6 % 9 . 5 % 10 . 4 % 11 . 8% A d j u s t e d S a l e s & A d j u s t e d E B I T DA Y e a r e n d e d M a y 31 ,© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 97

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No n - G A A P financial me a s u r es ($ i n m i l l i o n s) 201 8 202 2 202 3 202 4 2025 S a l e s $1 , 748 . 3 $1 , 820 . 0 $1 , 990 . 5 $2 , 318 . 9 $2 , 780 .5 N e t i n c o m e 15 . 6 78 . 7 90 . 2 46 . 3 12 .5 N e t i n c o m e m a r g i n 0 . 9 % 4 . 3 % 4 . 5 % 2 . 0 % 0 . 4% S a l e s $1 , 748 . 3 $1 , 820 . 0 $1 , 990 . 5 $2 , 318 . 9 $2 , 780 .5 C o n t r a c t t e r mi n a t i o n / r e s t r u c t u r i n g & l o ss p r o v i s i o n , n e t - (2 . 9) 0 . 1 2 . 3 (32 . 2) A d j u s t e d s a l e s $1 , 748 . 3 $1 , 817 . 1 $1 , 990 . 6 $2 , 321 . 2 $2 , 748 .3 O p e r a t i n g i n c o m e $86 . 0 $106 . 9 $133 . 9 $129 . 2 $185 .2 F C P A s e tt l e m e n t a n d i n v e s t i g a t i o n c o s t s - 3 . 7 4 . 7 10 . 5 65 .3 A c q u i s i t i o n , i n t e g r a t i o n a n d a m o r t i z a t i o n e x p e n s e s - - 7 . 0 36 . 7 26 .8 C o n t r a c t t e r mi n a t i o n / r e s t r u c t u r i n g c o s t s a n d l o ss p r o v i s i o n s , n e t - 0 . 9 2 . 0 4 . 8 0 .2 R u ss i a n b a n kr u p t c y c o u r t j u dg m e n t (r e v e r s a l) - - 1 . 8 11 . 2 (11 . 1) G a i n r e l a t e d t o s a l e o f j o i n t v e n t u r e - - - - (2 . 1) C u s t o m e r b a n kr u p t c y a n d c r e d i t c h a r g e s - 1 . 0 1 . 5 - - G o v e r n m e n t C O V I D - r e l a t e d s u b s i d i e s , n e t - (4 . 9) (1 . 6) - 0 .8 S e v e r a n c e c o s t s 4 . 5 2 . 0 0 . 1 0 . 5 - A ss e t im p a i r m e n t a n d e x i t c h a r g e s - 3 . 5 - - - F a c i l i t y c o n s o l i d a t i o n a n d r e p o s i t i o n i n g c o s t s - 0 . 2 - - - C o s t s r e l a t e d t o s t r a t e g i c p r o j e c t s - 1 . 8 (0 . 2) - - A d j u s t e d o p e r a t i n g i n c o m e $90 . 5 $115 . 1 $149 . 2 $192 . 9 $265 .1 A d j u s t e d o p e r a t i n g i n c o m e m a r g i n 5 . 2 % 6 . 3 % 7 . 5 % 8 . 3 % 9 . 6% A d j u s t e d o p e r a t i n g i n c o me Y e a r e n d e d M a y 31 ,© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 98

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No n - G A A P financial me a s u r es© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 99 Y e a r e n d e d M a y 31 , L a s t t w e l v e m o n t h s e n d e d F e b r u a r y 28, ($ i n m i l l i o n s) 201 8 202 2 202 3 202 4 202 5 2026 D i l u t e d E P S $0 . 4 1 $2 . 1 7 $2 . 5 3 $1 . 2 9 $0 . 3 5 $4 . 55 L o ss f r o m d i s c o n t i n u e d o p e r a t i o n s 1 . 7 1 (0 . 01) (0 . 01) - - - A c q u i s i t i o n , i n t e g r a t i o n a n d a m o r t i z a t i o n e x p e n s e s - - 0 . 2 1 1 . 2 1 0 . 7 4 1 . 03 B a r g a i n p u r c h a s e g a i n - - - - - (0 . 94) G a i n o n s a l e o f h e a dq u a r t e r s b u i l d i n g - - - - - (0 . 26) P e n s i o n s e tt l e m e n t c h a r g e s - 0 . 0 3 - 0 . 7 6 - - F C P A s e tt l e m e n t a n d i n v e s t i g a t i o n c o s t s - 0 . 1 0 0 . 1 3 0 . 2 9 1 . 8 4 - R u ss i a n b a n kr u p t c y c o u r t j u dg m e n t (r e v e r s a l) - - 0 . 0 5 0 . 3 2 (0 . 31) - C o n t r a c t t e r mi n a t i o n / r e s t r u c t u r i n g c o s t s a n d l o ss p r o v i s i o n s , n e t - 0 . 0 2 0 . 0 6 0 . 1 4 - - L o ss e s r e l a t e d t o s a l e a n d e x i t o f b u s i n e ss / j o i n t v e n t u r e , n e t - 0 . 0 5 0 . 0 2 0 . 0 7 1 . 9 7 0 . 18 S e v e r a n c e c h a r g e s 0 . 0 9 0 . 1 0 - 0 . 0 1 - 0 . 03 G o v e r n m e n t C O V I D - r e l a t e d s u b s i d i e s , n e t - (0 . 14) (0 . 05) - 0 . 0 2 - C u s t o m e r b a n kr u p t c y a n d c r e d i t c h a r g e s - 0 . 0 3 0 . 0 4 - - - L o ss o n e q u i t y i n v e s t m e n t s , n e t - - 0 . 0 1 - - 0 . 01 C o s t s r e l a t e d t o s t r a t e g i c p r o j e c t s - 0 . 0 5 - - - - A ss e t im p a i r m e n t a n d e x i t c h a r g e s - 0 . 1 0 - - - 0 . 13 F a c i l i t y c o n s o l i d a t i o n a n d r e p o s i t i o n i n g c o s t s - 0 . 0 1 - - - - G a i n o n s e tt l e m e n t o f p u r c h a s e a cc o u n t i n g l i a b i l i t i e s - (0 . 03) - - - - D e f e rr e d t a x r e - m e a s u r e m e n t f r o m t h e T a x C u t s a n d J o b s A c t (0 . 41) T a x e ff e c t o n a d j u s t m e n t s (a) (0 . 06) (0 . 07) (0 . 13) (0 . 76) (0 . 70) (0 . 06) A d j u s t e d d i l u t e d E P S f r o m c o n t i n u i n g o p e r a t i o n s $1 . 7 3 $2 . 4 1 $2 . 8 6 $3 . 3 3 $3 . 9 1 $4 . 67 A d j u s t e d d i l u t e d E P S f r o m c o n t i n u i n g o p e r a t i o ns (a) C a l c u l a t i o n u s e s e s t im a t e d s t a t u t o r y t a x r a t e s o n n o n - G AA P a d j u s t m e n t s e x c e p t f o r t h e im p a c t o f t h e n o n - d e d u c t i b l e p o r t i o n o f t h e F C P A s e tt l e m e n t c h a r g e a n d t h e t a x e ff e c t o f t h e p e n s i o n s e tt l e m e n t c h a r g e , w h i c h i n c l u d e s i n c o m e t a x e s p r e v i o u s l y r e c o g n i z e d i n a cc u m u l a t e d o t h e r c o m p r e h e n s i v e l o ss.

![](tm2613847d1_ex99-1img100.jpg)

No n - G A A P financial me a s u r es© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 100 M a y 3 1 , F e b 2 8, ($ i n m i l l i o n s) 202 3 202 4 202 5 2026 T o t a l d e b t $2 7 2 . 0 $9 9 7 . 0 $9 7 7 . 0 $8 9 5 .0 L e ss : C a s h a n d c a s h e q u i v a l e n t s (6 8 . 4) (8 5 . 8) (9 6 . 5) (7 8 . 5) N e t d e b t $2 0 3 . 6 $9 1 1 . 2 $8 8 0 . 5 $8 1 6 .5 A d j u s t e d E B I T DA 1 8 9 . 8 2 4 2 . 4 3 2 4 . 2 3 7 6 .2 P l u s : P r o d u c t S u pp o r t a d j u s t e d E B I T D A f o r t h e n i n e m o n t h s e n d e d 2 / 2 9 / 24 3 3 .5 P r o f o r m a a d j u s t e d E B I T DA $1 8 9 . 8 $2 7 5 . 9 $3 2 4 . 2 $3 7 6 .2 N e t d e b t t o P r o F o r m a A d j u s t e d E B I T DA 1 . 07 3 . 30 2 . 72 2 . 17 N e t d e b t & N e t d e b t t o P r o F o r m a A d j u s t e d E B I T DA

![](tm2613847d1_ex99-1img101.jpg)

No n - G A A P financial me a s u r es - ne w segmen t at i on Y e a r e n d ed L a s t t w e l v e m o n t h s e n d ed ($ i n m i ll i o ns) A u g u s t 31 , 2024 N o v e m b e r 30 , 2024 F e b r u a r y 28 , 2025 M a y 31, 2025 M a y 31, 2025 A u g u s t 31 , 2025 N o v e m b e r 30 , 2025 F e b r u a r y 28 , 2026 F e b r u a r y 28 , 2026 S a l e s $249 . 7 $273 . 7 $270 . 7 $305 . 5 1 , 099 . 6 $317 . 8 $353 . 6 $392 . 5 $1 , 369 .4 O p e r a t i n g i n c o me 30 . 1 31 . 6 45 . 4 49 . 7 156 . 8 40 . 9 40 . 9 50 . 7 182 .2 O p e r a t i n g i n c o m e m a r g i n 12 . 1 % 11 . 5 % 16 . 8 % 16 . 3 % 14 . 3 % 12 . 9 % 11 . 6 % 12 . 9 % 13 . 3% O p e r a t i n g i n c o me $30 . 1 $31 . 6 $45 . 4 $49 . 7 $156 . 8 $40 . 9 $40 . 9 $50 . 7 $182 .2 A c q u i s i t i o n , i n t e g r a t i o n & a m o r t i z a t i o n e x p e n s e s - - - - - - 1 . 9 2 . 9 4 .8 R u s s i a n b a n k r u p t c y c o u r t j u d g m e n t (r e v e r s a l) - - (11 . 1) - (11 . 1) - - - - A d j u s t e d o p e r a t i n g i n c o me $30 . 1 $31 . 6 $34 . 3 $49 . 7 $145 . 7 $40 . 9 $42 . 8 $53 . 6 $187 .0 A d j u s t e d o p e r a t i n g m a r g i n 12 . 1 % 11 . 5 % 12 . 7 % 16 . 3 % 13 . 3 % 12 . 9 % 12 . 1 % 13 . 7 % 13 . 7% O p e r a t i n g i n c o me $30 . 1 $31 . 6 $45 . 4 $49 . 7 $156 . 8 $40 . 9 $40 . 9 $50 . 7 $182 .2 D e p r e c i a t i o n a n d a m o r t i z a t i o n 2 . 1 1 . 8 1 . 9 1 . 9 7 . 7 2 . 2 4 . 9 7 . 0 16 .0 S t o c k - b a s e d c o m p e n s a t i o n 0 . 5 0 . 5 0 . 6 0 . 5 2 . 1 0 . 7 0 . 7 0 . 7 2 .6 A c q u i s i t i o n a n d i n t e g r a t i o n e x p e n s e s - - - - - - - 0 . 1 0 .1 R u s s i a n b a n k r u p t c y c o u r t j u d g m e n t (r e v e r s a l) - - (11 . 1) - (11 . 1) - - - - A d j u s t e d E B I T D A $32 . 7 $33 . 9 $36 . 8 $52 . 1 $155 . 5 $43 . 8 $46 . 5 $58 . 5 $200 .9 A d j u s t e d E B I T D A m a r g i n 13 . 1 % 12 . 4 % 13 . 6 % 17 . 1 % 14 . 1 % 13 . 8 % 13 . 2 % 14 . 9 % 14 . 7% T h r ee m o n t h s e n d e d T h r ee m o n t h s e n d ed P a r t s S u p p ly© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 101

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No n - G A A P financial me a s u r es – ne w segmen t at i on Y e a r e n d ed L a s t t w e l v e m o n t h s e n d ed ($ i n m i ll i o ns) A u g u s t 31 , 2024 N o v e m b e r 30 , 2024 F e b r u a r y 28 , 2025 M a y 31, 2025 M a y 31, 2025 A u g u s t 31 , 2025 N o v e m b e r 30 , 2025 F e b r u a r y 28 , 2026 F e b r u a r y 28 , 2026 S a l e s $229 . 3 $240 . 3 $228 . 7 $232 . 7 931 . 0 $226 . 4 $257 . 7 $282 . 3 $999 .1 O p e r a t i n g i n c o me 20 . 3 22 . 8 19 . 7 21 . 2 84 . 0 20 . 0 23 . 3 19 . 6 84 .1 O p e r a t i n g i n c o m e m a r g i n 8 . 9 % 9 . 5 % 8 . 6 % 9 . 1 % 9 . 0 % 8 . 8 % 9 . 0 % 6 . 9 % 8 . 4% O p e r a t i n g i n c o me $20 . 3 $22 . 8 $19 . 7 $21 . 2 $84 . 0 $20 . 0 $23 . 3 $19 . 6 $84 .1 A c q u i s i t i o n , i n t e g r a t i o n & a m o r t i z a t i o n e x p e n s e s 7 . 4 7 . 1 7 . 7 3 . 1 25 . 3 5 . 1 5 . 9 11 . 7 25 .8 S e v e r a n c e c h a r g e s - - - - - 0 . 4 - - 0 .4 G a i n r e l a t e d t o s a l e o f j o i n t v e n t u r e (1 . 4) (0 . 7) - - (2 . 1) - - - - A d j u s t e d o p e r a t i n g i n c o me $26 . 3 $29 . 2 $27 . 4 $24 . 3 $107 . 2 $25 . 5 $29 . 2 $31 . 3 $110 .3 A d j u s t e d o p e r a t i n g m a r g i n 11 . 5 % 12 . 2 % 12 . 0 % 10 . 4 % 11 . 5 % 11 . 3 % 11 . 3 % 11 . 1 % 11 . 0% O p e r a t i n g i n c o me $20 . 3 $22 . 8 $19 . 7 $21 . 2 $84 . 0 $20 . 0 $23 . 3 $19 . 6 $84 .1 D e p r e c i a t i o n a n d a m o r t i z a t i o n 7 . 6 7 . 7 8 . 0 7 . 5 30 . 8 7 . 5 8 . 0 9 . 0 32 .0 S t o c k - b a s e d c o m p e n s a t i o n 0 . 4 0 . 3 0 . 7 0 . 3 1 . 7 0 . 6 0 . 4 0 . 4 1 .7 A c q u i s i t i o n a n d i n t e g r a t i o n e x p e n s e s 3 . 4 3 . 2 3 . 7 (1 . 0) 9 . 3 1 . 1 1 . 8 6 . 4 8 .3 S e v e r a n c e c h a r g e s - - - - - 0 . 4 - - 0 .4 G a i n r e l a t e d t o s a l e o f j o i n t v e n t u r e (1 . 4) (0 . 7) - - (2 . 1) - - - - A d j u s t e d E B I T D A $30 . 3 $33 . 3 $32 . 1 $28 . 0 $123 . 7 $29 . 6 $33 . 5 $35 . 4 $126 .5 A d j u s t e d E B I T D A m a r g i n 13 . 2 % 13 . 9 % 14 . 0 % 12 . 0 % 13 . 3 % 13 . 1 % 13 . 0 % 12 . 5 % 12 . 7% T h r ee m o n t h s e n d e d T h r ee m o n t h s e n d ed R e p a i r , E n g i n e e r i n g , a n d S o f t w a re© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 102

![](tm2613847d1_ex99-1img103.jpg)

No n - G A A P financial me a s u r es – ne w segmen t at i on Y e a r e n d ed L a s t t w e l v e m o n t h s e n d ed ($ i n m i ll i o ns) A u g u s t 31 , 2024 N o v e m b e r 30 , 2024 F e b r u a r y 28 , 2025 M a y 31, 2025 M a y 31, 2025 A u g u s t 31 , 2025 N o v e m b e r 30 , 2025 F e b r u a r y 28 , 2026 F e b r u a r y 28 , 2026 S a l e s $121 . 4 $110 . 9 $121 . 6 $141 . 5 495 . 4 $133 . 9 $123 . 5 $114 . 7 $513 .6 O p e r a t i n g i n c o me 3 . 6 6 . 7 13 . 2 11 . 6 35 . 1 12 . 7 12 . 4 12 . 9 49 .6 O p e r a t i n g i n c o m e m a r g i n 3 . 0 % 6 . 0 % 10 . 9 % 8 . 2 % 7 . 1 % 9 . 5 % 10 . 0 % 11 . 2 % 9 . 7% S a l e s $121 . 4 $110 . 9 $121 . 6 $141 . 5 $495 . 4 $133 . 9 $123 . 5 $114 . 7 $513 .6 C o n t r a c t t e r m i n a t i o n b e n e f i t (9 . 5) - (4 . 0) - (13 . 5) - - - - A d j u s t e d s a l e s $111 . 9 $110 . 9 $117 . 6 $141 . 5 $481 . 9 $133 . 9 $123 . 5 $114 . 7 $513 .6 O p e r a t i n g i n c o me $3 . 6 $6 . 7 $13 . 2 $11 . 6 $35 . 1 $12 . 7 $12 . 4 $12 . 9 $49 .6 C o n t r a c t t e r m i n a t i o n c o s t s (b e n e f i t) 3 . 2 - (3 . 0) - 0 . 2 - - - - A d j u s t e d o p e r a t i n g i n c o me $6 . 8 $6 . 7 $10 . 2 $11 . 6 $35 . 3 $12 . 7 $12 . 4 $12 . 9 $49 .6 A d j u s t e d o p e r a t i n g m a r g i n 6 . 1 % 6 . 0 % 8 . 7 % 8 . 2 % 7 . 3 % 9 . 5 % 10 . 0 % 11 . 2 % 9 . 7% O p e r a t i n g i n c o me $3 . 6 $6 . 7 $13 . 2 $11 . 6 $35 . 1 $12 . 7 $12 . 4 $12 . 9 $49 .6 D e p r e c i a t i o n a n d a m o r t i z a t i o n 1 . 1 1 . 6 1 . 2 1 . 3 5 . 2 1 . 3 1 . 3 1 . 5 5 .4 S t o c k - b a s e d c o m p e n s a t i o n 0 . 2 0 . 4 0 . 3 0 . 3 1 . 2 0 . 3 0 . 3 0 . 3 1 .2 C o n t r a c t t e r m i n a t i o n c o s t s (b e n e f i t) 3 . 2 - (3 . 0) - 0 . 2 - - - - A d j u s t e d E B I T D A $8 . 1 $8 . 7 $11 . 7 $13 . 2 $41 . 7 $14 . 3 $14 . 0 $14 . 7 $56 .2 A d j u s t e d E B I T D A m a r g i n 7 . 2 % 7 . 8 % 9 . 9 % 9 . 3 % 8 . 7 % 10 . 7 % 11 . 3 % 12 . 8 % 10 . 9% T h r ee m o n t h s e n d e d T h r ee m o n t h s e n d ed G o v e r n m e nt S o l ut i ons© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 103

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No n - G A A P financial me a s u r es – ne w segmen t at i on Y e a r e n d ed L a s t t w e l v e m o n t h s e n d ed ($ i n m i ll i o ns) A u g u s t 31 , 2024 N o v e m b e r 30 , 2024 F e b r u a r y 28 , 2025 M a y 31, 2025 M a y 31, 2025 A u g u s t 31 , 2025 N o v e m b e r 30 , 2025 F e b r u a r y 28 , 2026 F e b r u a r y 28 , 2026 S a l e s $61 . 3 $61 . 2 $57 . 2 $74 . 8 254 . 5 $61 . 5 $60 . 5 $55 . 6 $252 .4 O p e r a t i n g i n c o m e (l o s s) 3 . 2 2 . 0 2 . 1 1 . 3 8 . 6 0 . 4 3 . 3 (5 . 2) (0 . 2) O p e r a t i n g i n c o m e m a r g i n 5 . 2 % 3 . 3 % 3 . 7 % 1 . 7 % 3 . 4 % 0 . 7 % 5 . 5 % - 9 . 4 % - 0 . 1% S a l e s $61 . 3 $61 . 2 $57 . 2 $74 . 8 $254 . 5 $61 . 5 $60 . 5 $55 . 6 $252 .4 C o n t r a c t t e r m i n a t i o n b e n e f i t - - - (18 . 7) (18 . 7) - - - (18 . 7) A d j u s t e d s a l e s $61 . 3 $61 . 2 $57 . 2 $56 . 1 $235 . 8 $61 . 5 $60 . 5 $55 . 6 $233 .7 O p e r a t i n g i n c o m e (l o s s) $3 . 2 $2 . 0 $2 . 1 $1 . 3 $8 . 6 $0 . 4 $3 . 3 $(5 . 2) $(0 . 2) S e v e r a n c e c h a r g e s - - - - - 0 . 3 - - 0 .3 I m p a i r m e n t c h a r g e r e l a t e d t o p r o d u c t l i n e e x i t - - - - - - - 4 . 9 4 .9 A d j u s t e d o p e r a t i n g i n c o me $3 . 2 $2 . 0 $2 . 1 $1 . 3 $8 . 6 $0 . 7 $3 . 3 $(0 . 3) $5 .0 A d j u s t e d o p e r a t i n g m a r g i n 5 . 2 % 3 . 3 % 3 . 7 % 2 . 3 % 3 . 6 % 1 . 1 % 5 . 5 % - 0 . 5 % 2 . 1% O p e r a t i n g i n c o m e (l o s s) $3 . 2 $2 . 0 $2 . 1 $1 . 3 $8 . 6 $0 . 4 $3 . 3 $(5 . 2) $(0 . 2) D e p r e c i a t i o n a n d a m o r t i z a t i o n 1 . 6 1 . 8 1 . 9 1 . 9 7 . 2 1 . 7 1 . 8 1 . 7 7 .1 S t o c k - b a s e d c o m p e n s a t i o n 0 . 1 - 0 . 1 0 . 1 0 . 3 0 . 1 - 0 . 1 0 .3 S e v e r a n c e c h a r g e s - - - - - 0 . 3 - - 0 .3 I m p a i r m e n t c h a r g e r e l a t e d t o p r o d u c t l i n e e x i t - - - - - - - 4 . 9 4 .9 A d j u s t e d E B I T D A $4 . 9 $3 . 8 $4 . 1 $3 . 3 $16 . 1 $2 . 5 $5 . 1 $1 . 5 $12 .4 A d j u s t e d E B I T D A m a r g i n 8 . 0 % 6 . 2 % 7 . 2 % 5 . 9 % 6 . 8 % 4 . 1 % 8 . 4 % 2 . 7 % 5 . 3% T h r ee m o n t h s e n d e d T h r ee m o n t h s e n d ed L e g a c y C o m m e r c i a l P r o g r ams© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 104

![](tm2613847d1_ex99-1img105.jpg)

No n - G A A P financial me a s u r es – ne w segmen t at i on Y e a r e n d e d Y e a r e n d ed L a s t t w e l v e m o n t h s e n d ed ($ i n m i ll i o ns) M a y 31, 2024 A u g u s t 31 , 2024 N o v e m b e r 30 , 2024 F e b r u a r y 28 , 2025 M a y 31, 2025 M a y 31, 2025 A u g u s t 31 , 2025 N o v e m b e r 30 , 2025 F e b r u a r y 28 , 2026 F e b r u a r y 28 , 2026 P a r t s S u pp ly C o m m e r c i a l $800 . 6 $210 . 4 $220 . 8 $220 . 9 $227 . 1 879 . 2 $254 . 5 $268 . 1 $300 . 0 $1 , 049 .7 G o v e r n m e n t a n d d e f e n se 166 . 4 39 . 3 52 . 9 49 . 8 78 . 4 220 . 4 63 . 3 85 . 5 92 . 5 319 .7 $967 . 0 $249 . 7 $273 . 7 $270 . 7 $305 . 5 $1 , 099 . 6 $317 . 8 $353 . 6 $392 . 5 $1 , 369 .4 R e p a i r , E n g i n ee r i n g , a n d S o f t w a re C o m m e r c i a l $612 . 3 $199 . 9 $217 . 5 $205 . 8 $215 . 2 838 . 4 $206 . 6 $236 . 6 $258 . 9 $917 .3 G o v e r n m e n t a n d d e f e n se 69 . 0 29 . 4 22 . 8 22 . 9 17 . 5 92 . 6 19 . 8 21 . 1 23 . 4 81 .8 $681 . 3 $229 . 3 $240 . 3 $228 . 7 $232 . 7 $931 . 0 $226 . 4 $257 . 7 $282 . 3 $999 .1 G o v e r n m e n t S o l u t i o ns C o m m e r c i a l $6 . 1 $1 . 3 $0 . 7 $1 . 6 $0 . 4 4 . 0 $0 . 7 $1 . 2 $1 . 3 $3 .6 G o v e r n m e n t a n d d e f e n se 445 . 6 120 . 1 110 . 2 120 . 0 141 . 1 491 . 4 133 . 2 122 . 3 113 . 4 510 .0 $451 . 7 $121 . 4 $110 . 9 $121 . 6 $141 . 5 $495 . 4 $133 . 9 $123 . 5 $114 . 7 $513 .6 L e g a c y C o m m e r c i a l P r o g r a ms C o m m e r c i a l $218 . 9 $61 . 3 $61 . 2 $57 . 2 $74 . 8 254 . 5 $61 . 5 $60 . 5 $55 . 6 $252 .4 G o v e r n m e n t a n d d e f e n se - - - - - - - - - - $218 . 9 $61 . 3 $61 . 2 $57 . 2 $74 . 8 $254 . 5 $61 . 5 $60 . 5 $55 . 6 $252 .4 T h r ee m o n t h s e n d e d T h r ee m o n t h s e n d ed Sa l es© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 105

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No n - G A A P financial me a s u r es Y e ar e n d ed L a s t t w e l v e m o n t h s e n d ed ($ i n m i ll i o ns) A u g u s t 3 1 , 2024 N o v e m b e r 3 0 , 2024 F e b r u ar y 2 8 , 2025 M a y 3 1, 2025 M a y 3 1, 2025 A u g u s t 3 1 , 2025 N o v e m b e r 3 0 , 2025 F e b r u ar y 2 8 , 2026 F e b r u ar y 2 8 , 2026 S a l e s $0 . 0 $0 . 0 $0 . 0 $0 . 0 $0 . 0 $0 . 0 $0 . 0 $0 . 0 $0 .0 O p e ra t i n g i n c o m e (l oss) (1 3 . 8) (6 5 . 4) (9 . 3) (1 0 . 8) ($9 9 . 3) (9 . 1) (1 2 . 9) (1 2 . 2) ($4 5 . 0) O p e r t i n g i n c o m e m ar g i n N A N A N A N A N A N A N A N A NA S a l e s $0 . 0 $0 . 0 $0 . 0 $0 . 0 $0 . 0 $0 . 0 $0 . 0 $0 . 0 $0 .0 C o n t ra c t t e r m i n a t i o n b e n e f i t - - - - - - - - - A d j u s t e d s a l e s $0 . 0 $0 . 0 $0 . 0 $0 . 0 $0 . 0 $0 . 0 $0 . 0 $0 . 0 $0 .0 O p e ra t i n g i n c o m e (l oss) (1 3 . 8) (6 5 . 4) (9 . 3) (1 0 . 8) ($9 9 . 3) (9 . 1) (1 2 . 9) (1 2 . 2) ($4 5 . 0) A c q u i s i t i o n , i n t e g ra t i o n & a m o r t i z a t i o n e x p e n s e s 1 . 6 0 . 1 (0 . 2) - 1 . 5 1 . 3 6 . 4 0 . 9 8 .6 S e v e ra n c e c h ar g e s - - - - - 0 . 3 - - 0 .3 F C P A s e tt l e m e n t a n d I n v e s t i g a t i o n c os t s - 5 9 . 2 1 . 1 - 6 0 . 3 - - - - G o v e r n m e n t C O V I D - r e l a t e d s u b s i d y l i a b i l i t y r e v e r s al - - - 0 . 8 0 . 8 (0 . 7) - - 0 .1 I n v e s t i g a t i o n c os t s 5 . 0 - - - 5 . 0 - - - - A d j u s t e d o p e ra t i n g i n c o m e ($7 . 2) ($6 . 1) ($8 . 4) ($1 0 . 0) ($3 7 . 5) ($8 . 2) ($6 . 5) ($1 1 . 3) ($3 6 . 1) A d j u s t e d o p e ra t i n g m ar g i n N A N A N A N A N A N A N A N A NA O p e ra t i n g i n c o m e (l oss) ($1 3 . 8) ($6 5 . 4) ($9 . 3) ($1 0 . 8) ($9 9 . 3) ($9 . 1) ($1 2 . 9) ($1 2 . 2) ($4 5 . 0) D e p r e c i a t i o n a n d a m o r t i z a t i o n 1 . 1 1 . 1 1 . 0 1 . 1 4 . 3 1 . 1 1 . 1 1 . 0 4 .3 S t o c k - b a s e d c o m p e n s a t i o n 3 . 8 3 . 8 3 . 9 3 . 2 1 4 . 7 3 . 6 2 . 9 2 . 2 1 1 .9 A c q u i s i t i o n a n d i n t e g ra t i o n e x p e n s e s 1 . 6 - (0 . 2) - 1 . 4 1 . 3 6 . 3 1 . 0 8 .6 S e v e ra n c e c h ar g e s - - - - - 0 . 3 - - 0 .3 G o v e r n m e n t C O V I D - r e l a t e d s u b s i d y l i a b i l i t y r e v e r s al - - - 0 . 8 0 . 8 (0 . 7) - - 0 .1 I n v e s t i g a t i o n c os t s 5 . 0 - - - 5 . 0 - - - - F C P A s e tt l e m e n t a n d I n v e s t i g a t i o n c os t s - 5 9 . 2 1 . 1 - 6 0 . 3 - - - - A d j u s t e d E B I T D A ($2 . 3) ($1 . 3) ($3 . 5) ($5 . 7) ($1 2 . 8) ($3 . 5) ($2 . 6) ($8 . 0) ($1 9 . 8) A d j u s t e d E B I T D A m ar g i n N A N A N A N A N A N A N A N A NA C o r p o r a t e & O t h er T h r e e m o n t h s e n d e d T h r e e m o n t h s e n d ed© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 106

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No n - G A A P financial me a s u r es Y e ar e n d ed L a s t t w e l v e m o n t h s e n d ed ($ i n m i ll i o ns) A u g u s t 3 1 , 2024 N o v e m b e r 3 0 , 2024 F e b r u ar y 2 8 , 2025 M a y 3 1, 2025 M a y 3 1, 2025 A u g u s t 3 1 , 2025 N o v e m b e r 3 0 , 2025 F e b r u ar y 2 8 , 2026 F e b r u ar y 2 8 , 2026 S a l e s $6 6 1 . 7 $6 8 6 . 1 $6 7 8 . 2 $7 5 4 . 5 $2 , 7 8 0 . 5 $7 3 9 . 6 $7 9 5 . 3 $8 4 5 . 1 $3 , 1 3 4 .5 O p e ra t i n g i n c o m e (l oss) 4 3 . 4 (2 . 3) 7 1 . 1 7 3 . 0 $1 8 5 . 2 6 4 . 9 6 7 . 0 6 5 . 8 $2 7 0 .7 O p e r t i n g i n c o m e m ar g i n 6 . 6% - 0 . 3% 1 0 . 5% 9 . 7% 6 . 7% 8 . 8% 8 . 4% 7 . 8% S a l e s $6 6 1 . 7 $6 8 6 . 1 $6 7 8 . 2 $7 5 4 . 5 $2 , 7 8 0 . 5 $7 3 9 . 6 $7 9 5 . 3 $8 4 5 . 1 $3 , 1 3 4 .5 C o n t ra c t t e r m i n a t i o n b e n e f i t (9 . 5) - (4 . 0) (1 8 . 6) (3 2 . 1) - - - (1 8 . 6) A d j u s t e d s a l e s $6 5 2 . 2 $6 8 6 . 1 $6 7 4 . 2 $7 3 5 . 9 $2 , 7 4 8 . 4 $7 3 9 . 6 $7 9 5 . 3 $8 4 5 . 1 $3 , 1 1 5 .9 O p e ra t i n g i n c o m e (l oss) 4 3 . 4 (2 . 3) 7 1 . 1 7 3 . 0 $1 8 5 . 2 6 4 . 9 6 7 . 0 6 5 . 8 $2 7 0 .7 A c q u i s i t i o n , i n t e g ra t i o n & a m o r t i z a t i o n e x p e n s e s 9 . 0 7 . 2 7 . 5 3 . 1 2 6 . 8 6 . 4 1 4 . 2 1 5 . 5 3 9 .2 S e v e ra n c e c h ar g e s - - - - - 1 . 0 - - 1 .0 I m p a i r m e n t c h ar g e r e l a t e d t o p r o d u c t l i n e e x i t - - - - - - - 4 . 9 4 .9 R u ss i a n b a n k r u p t c y c o u r t j u d g m e n t (r e v e r s a l) - - (1 1 . 1) - (1 1 . 1) - - - - C o n t ra c t t e r m i n a t i o n b e n e f i t 3 . 2 - (3 . 0) - 0 . 2 - - - - F C P A s e tt l e m e n t a n d I n v e s t i g a t i o n c os t s - 5 9 . 2 1 . 1 - 6 0 . 3 - - - - G a i n r e l a t e d t o s a l e o f b u s i n e ss / j o i n t v e n t u r e , n e t (1 . 4) (0 . 7) - - (2 . 1) - - - - G o v e r n m e n t C O V I D - r e l a t e d s u b s i d y l i a b i l i t y r e v e r s al - - - 0 . 8 0 . 8 (0 . 7) - - 0 .1 I n v e s t i g a t i o n c os t s 5 . 0 - - - 5 . 0 - - - - A d j u s t e d o p e ra t i n g i n c o m e $5 9 . 2 $6 3 . 4 $6 5 . 6 $7 6 . 9 $2 6 5 . 1 $7 1 . 6 $8 1 . 2 $8 6 . 2 $3 1 5 .9 A d j u s t e d o p e ra t i n g m ar g i n 9 . 1% 9 . 2% 9 . 7% 1 0 . 4% 9 . 6% 9 . 7% 1 0 . 2% 1 0 . 2% 1 0 . 1% O p e ra t i n g i n c o m e (l oss) $4 3 . 4 ($2 . 3) $7 1 . 1 $7 3 . 0 $1 8 5 . 2 $6 4 . 9 $6 7 . 0 $6 5 . 8 $2 7 0 .7 D e p r e c i a t i o n a n d a m o r t i z a t i o n 1 3 . 5 1 4 . 0 1 4 . 0 1 3 . 7 5 5 . 2 1 3 . 8 1 7 . 1 2 0 . 2 6 4 .8 S t o c k - b a s e d c o m p e n s a t i o n 5 . 0 5 . 0 5 . 6 4 . 3 1 9 . 9 5 . 3 4 . 3 3 . 7 1 7 .6 A c q u i s i t i o n a n d i n t e g ra t i o n e x p e n s e s 5 . 0 3 . 2 3 . 5 (0 . 9) 1 0 . 8 2 . 4 8 . 1 7 . 5 1 7 .1 I m p a i r m e n t c h ar g e r e l a t e d t o p r o d u c t l i n e e x i t - - - - - - - 4 . 9 4 .9 S e v e ra n c e c h ar g e s - - - - - 1 . 0 - - 1 .0 R u ss i a n b a n k r u p t c y c o u r t j u d g m e n t (r e v e r s a l) - - (1 1 . 1) - (1 1 . 1) - - - - G o v e r n m e n t C O V I D - r e l a t e d s u b s i d y l i a b i l i t y r e v e r s al - - - 0 . 8 0 . 8 (0 . 7) - - 0 .1 I n v e s t i g a t i o n c os t s 5 . 0 - - - 5 . 0 - - - - C o n t ra c t t e r m i n a t i o n b e n e f i t 3 . 2 - (3 . 0) - 0 . 2 - - - - F C P A s e tt l e m e n t a n d I n v e s t i g a t i o n c os t s - 5 9 . 2 1 . 1 - 6 0 . 3 - - - - G a i n r e l a t e d t o s a l e o f j o i n t v e n t u re (1 . 4) (0 . 7) - - (2 . 1) - - - - A d j u s t e d E B I T D A $7 3 . 7 $7 8 . 4 $8 1 . 2 $9 0 . 9 $3 2 4 . 2 $8 6 . 7 $9 6 . 5 $1 0 2 . 1 $3 7 6 .2 A d j u s t e d E B I T D A m ar g i n 1 1 . 3% 1 1 . 4% 1 2 . 0% 1 2 . 4% 1 1 . 8% 1 1 . 7% 1 2 . 1% 1 2 . 1% 1 2 . 1% C o n s o l i d a t ed T h r e e m o n t h s e n d e d T h r e e m o n t h s e n d ed© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 107

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No n - G A A P financial me a s u r es – prior segmen t at i on Y e ar e n d ed L a s t t w e l v e m o n t h s e n d ed ($ i n m i ll i o ns) A u g u s t 3 1 , 2024 N o v e m b e r 3 0 , 2024 F e b r u ar y 2 8 , 2025 M a y 3 1, 2025 M a y 3 1, 2025 A u g u s t 3 1 , 2025 N o v e m b e r 3 0 , 2025 F e b r u ar y 2 8 , 2026 F e b r u ar y 2 8 , 2026 S a l e s $2 4 9 . 7 $2 7 3 . 7 $2 7 0 . 7 $3 0 5 . 5 $1 , 0 9 9 . 6 $3 1 7 . 8 $3 5 3 . 6 $3 9 2 . 5 $1 , 3 6 9 .4 O p e ra t i n g i n c o m e (l oss) 3 0 . 1 3 1 . 6 4 5 . 4 4 9 . 7 $1 5 6 . 8 4 0 . 9 4 0 . 9 5 0 . 7 $1 8 2 .2 O p e r t i n g i n c o m e m ar g i n 1 2 . 1% 1 1 . 5% 1 6 . 8% 1 6 . 3% 1 4 . 3% 1 2 . 9% 1 1 . 6% 1 2 . 9% S a l e s $2 4 9 . 7 $2 7 3 . 7 $2 7 0 . 7 $3 0 5 . 5 $1 , 0 9 9 . 6 $3 1 7 . 8 $3 5 3 . 6 $3 9 2 . 5 $1 , 3 6 9 .4 C o n t ra c t t e r m i n a t i o n b e n e f i t - - - - - - - - - A d j u s t e d s a l e s $2 4 9 . 7 $2 7 3 . 7 $2 7 0 . 7 $3 0 5 . 5 $1 , 0 9 9 . 6 $3 1 7 . 8 $3 5 3 . 6 $3 9 2 . 5 $1 , 3 6 9 .4 O p e ra t i n g i n c o m e (l oss) 3 0 . 1 3 1 . 6 4 5 . 4 4 9 . 7 $1 5 6 . 8 4 0 . 9 4 0 . 9 5 0 . 7 $1 8 2 .2 A c q u i s i t i o n , i n t e g ra t i o n & a m o r t i z a t i o n e x p e n s e s - - - - - - 1 . 9 2 . 9 4 .8 R u ss i a n b a n k r u p t c y c o u r t j u d g m e n t (r e v e r s a l) - - (1 1 . 1) - (1 1 . 1) - - - - A d j u s t e d o p e ra t i n g i n c o m e $3 0 . 1 $3 1 . 6 $3 4 . 3 $4 9 . 7 $1 4 5 . 7 $4 0 . 9 $4 2 . 8 $5 3 . 6 $1 8 7 .0 A d j u s t e d o p e ra t i n g m ar g i n 1 2 . 1% 1 1 . 5% 1 2 . 7% 1 6 . 3% 1 3 . 3% 1 2 . 9% 1 2 . 1% 1 3 . 7% 1 3 . 7% O p e ra t i n g i n c o m e (l oss) $3 0 . 1 $3 1 . 6 $4 5 . 4 $4 9 . 7 $1 5 6 . 8 $4 0 . 9 $4 0 . 9 $5 0 . 7 $1 8 2 .2 D e p r e c i a t i o n a n d a m o r t i z a t i o n 2 . 1 1 . 8 1 . 9 1 . 9 7 . 7 2 . 2 4 . 9 7 . 0 1 6 .0 S t o c k - b a s e d c o m p e n s a t i o n 0 . 5 0 . 5 0 . 6 0 . 5 2 . 1 0 . 7 0 . 7 0 . 7 2 .6 A c q u i s i t i o n a n d i n t e g ra t i o n e x p e n s e s - - - - - - - 0 . 1 0 .1 R u ss i a n b a n k r u p t c y c o u r t j u d g m e n t (r e v e r s a l) - - (1 1 . 1) - (1 1 . 1) - - - - A d j u s t e d E B I T D A $3 2 . 7 $3 3 . 9 $3 6 . 8 $5 2 . 1 $1 5 5 . 5 $4 3 . 8 $4 6 . 5 $5 8 . 5 $2 0 0 .9 A d j u s t e d E B I T D A m ar g i n 1 3 . 1% 1 2 . 4% 1 3 . 6% 1 7 . 1% 1 4 . 1% 1 3 . 8% 1 3 . 2% 1 4 . 9% 1 4 . 7% P a r t s S u pp ly T h r e e m o n t h s e n d e d T h r e e m o n t h s e n d ed© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 108

![](tm2613847d1_ex99-1img109.jpg)

No n - G A A P financial me a s u r es – prior segmen t at i on Y e ar e n d ed L a s t t w e l v e m o n t h s e n d ed ($ i n m i ll i o ns) A u g u s t 3 1 , 2024 N o v e m b e r 3 0 , 2024 F e b r u ar y 2 8 , 2025 M a y 3 1, 2025 M a y 3 1, 2025 A u g u s t 3 1 , 2025 N o v e m b e r 3 0 , 2025 F e b r u ar y 2 8 , 2026 F e b r u ar y 2 8 , 2026 S a l e s $2 1 7 . 6 $2 2 8 . 8 $2 1 5 . 9 $2 2 2 . 6 $8 8 4 . 9 $2 1 4 . 6 $2 4 4 . 5 $2 6 5 . 3 $9 4 7 .0 O p e ra t i n g i n c o m e (l oss) 2 1 . 1 2 2 . 8 1 9 . 0 1 8 . 3 $8 1 . 2 2 0 . 4 2 2 . 7 1 5 . 1 $7 6 .5 O p e r t i n g i n c o m e m ar g i n 9 . 7% 1 0 . 0% 8 . 8% 8 . 2% 9 . 2% 9 . 5% 9 . 3% 5 . 7% S a l e s $2 1 7 . 6 $2 2 8 . 8 $2 1 5 . 9 $2 2 2 . 6 $8 8 4 . 9 $2 1 4 . 6 $2 4 4 . 5 $2 6 5 . 3 $9 4 7 .0 C o n t ra c t t e r m i n a t i o n b e n e f i t - - - - - - - - - A d j u s t e d s a l e s $2 1 7 . 6 $2 2 8 . 8 $2 1 5 . 9 $2 2 2 . 6 $8 8 4 . 9 $2 1 4 . 6 $2 4 4 . 5 $2 6 5 . 3 $9 4 7 .0 O p e ra t i n g i n c o m e (l oss) 2 1 . 1 2 2 . 8 1 9 . 0 1 8 . 3 $8 1 . 2 2 0 . 4 2 2 . 7 1 5 . 1 $7 6 .5 A c q u i s i t i o n , i n t e g ra t i o n & a m o r t i z a t i o n e x p e n s e s 4 . 6 5 . 3 4 . 9 5 . 0 1 9 . 8 4 . 1 4 . 7 1 0 . 5 2 4 .3 S e v e ra n c e c h ar g e s - - - - - 0 . 4 - - 0 .4 G a i n r e l a t e d t o s a l e o f b u s i n e ss / j o i n t v e n t u r e , n e t (1 . 4) (0 . 7) - - (2 . 1) - - - - A d j u s t e d o p e ra t i n g i n c o m e $2 4 . 3 $2 7 . 4 $2 3 . 9 $2 3 . 3 $9 8 . 9 $2 4 . 9 $2 7 . 4 $2 5 . 6 $1 0 1 .2 A d j u s t e d o p e ra t i n g m ar g i n 1 1 . 2% 1 2 . 0% 1 1 . 1% 1 0 . 5% 1 1 . 2% 1 1 . 6% 1 1 . 2% 9 . 6% 1 0 . 7% O p e ra t i n g i n c o m e (l oss) $2 1 . 1 $2 2 . 8 $1 9 . 0 $1 8 . 3 $8 1 . 2 $2 0 . 4 $2 2 . 7 $1 5 . 1 $7 6 .5 D e p r e c i a t i o n a n d a m o r t i z a t i o n 6 . 2 6 . 3 6 . 5 6 . 2 2 5 . 2 6 . 1 6 . 5 7 . 6 2 6 .4 S t o c k - b a s e d c o m p e n s a t i o n 0 . 4 0 . 1 0 . 6 0 . 1 1 . 2 0 . 5 0 . 2 0 . 2 1 .0 A c q u i s i t i o n a n d i n t e g ra t i o n e x p e n s e s 1 . 6 2 . 4 1 . 8 2 . 1 7 . 9 1 . 1 1 . 8 6 . 4 1 1 .4 S e v e ra n c e c h ar g e s - - - - - 0 . 4 - - 0 .4 G a i n r e l a t e d t o s a l e o f j o i n t v e n t u re (1 . 4) (0 . 7) - - (2 . 1) - - - - A d j u s t e d E B I T D A $2 7 . 9 $3 0 . 9 $2 7 . 9 $2 6 . 7 $1 1 3 . 4 $2 8 . 5 $3 1 . 2 $2 9 . 3 $1 1 5 .7 A d j u s t e d E B I T D A m ar g i n 1 2 . 8% 1 3 . 5% 1 2 . 9% 1 2 . 0% 1 2 . 8% 1 3 . 3% 1 2 . 8% 1 1 . 0% 1 2 . 2% R e p a i r & E n g i n ee r i ng T h r e e m o n t h s e n d e d T h r e e m o n t h s e n d ed© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 109

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No n - G A A P financial me a s u r es – prior segmen t at i on Y e ar e n d ed L a s t t w e l v e m o n t h s e n d ed ($ i n m i ll i o ns) A u g u s t 3 1 , 2024 N o v e m b e r 3 0 , 2024 F e b r u ar y 2 8 , 2025 M a y 3 1, 2025 M a y 3 1, 2025 A u g u s t 3 1 , 2025 N o v e m b e r 3 0 , 2025 F e b r u ar y 2 8 , 2026 F e b r u ar y 2 8 , 2026 S a l e s $1 6 8 . 9 $1 6 3 . 4 $1 6 2 . 9 $2 0 0 . 1 $6 9 5 . 3 $1 8 5 . 0 $1 7 5 . 8 $1 6 7 . 8 $7 2 8 .7 O p e ra t i n g i n c o m e (l oss) 7 . 7 6 . 5 9 . 6 1 2 . 6 $3 6 . 4 9 . 7 1 3 . 9 9 . 4 $4 5 .6 O p e r t i n g i n c o m e m ar g i n 4 . 6% 4 . 0% 5 . 9% 6 . 3% 5 . 2% 5 . 2% 7 . 9% 5 . 6% S a l e s $1 6 8 . 9 $1 6 3 . 4 $1 6 2 . 9 $2 0 0 . 1 $6 9 5 . 3 $1 8 5 . 0 $1 7 5 . 8 $1 6 7 . 8 $7 2 8 .7 C o n t ra c t t e r m i n a t i o n b e n e f i t - - - (1 8 . 6) (1 8 . 6) - - - (1 8 . 6) A d j u s t e d s a l e s $1 6 8 . 9 $1 6 3 . 4 $1 6 2 . 9 $1 8 1 . 5 $6 7 6 . 7 $1 8 5 . 0 $1 7 5 . 8 $1 6 7 . 8 $7 1 0 .1 O p e ra t i n g i n c o m e (l oss) 7 . 7 6 . 5 9 . 6 1 2 . 6 $3 6 . 4 9 . 7 1 3 . 9 9 . 4 $4 5 .6 A c q u i s i t i o n , i n t e g ra t i o n & a m o r t i z a t i o n e x p e n s e s 2 . 8 1 . 8 2 . 8 (1 . 9) 5 . 5 1 . 0 1 . 2 1 . 2 1 .5 S e v e ra n c e c h ar g e s - - - - - 0 . 3 - - 0 .3 I m p a i r m e n t c h ar g e r e l a t e d t o p r o d u c t l i n e e x i t - - - - - - - 4 . 9 4 .9 A d j u s t e d o p e ra t i n g i n c o m e $1 0 . 5 $8 . 3 $1 2 . 4 $1 0 . 7 $4 1 . 9 $1 1 . 0 $1 5 . 1 $1 5 . 5 $5 2 .3 A d j u s t e d o p e ra t i n g m ar g i n 6 . 2% 5 . 1% 7 . 6% 5 . 9% 6 . 2% 5 . 9% 8 . 6% 9 . 2% 7 . 4% O p e ra t i n g i n c o m e (l oss) $7 . 7 $6 . 5 $9 . 6 $1 2 . 6 $3 6 . 4 $9 . 7 $1 3 . 9 $9 . 4 $4 5 .6 D e p r e c i a t i o n a n d a m o r t i z a t i o n 3 . 7 4 . 4 4 . 2 4 . 1 1 6 . 4 4 . 0 4 . 1 4 . 2 1 6 .4 S t o c k - b a s e d c o m p e n s a t i o n 0 . 3 0 . 6 0 . 5 0 . 5 1 . 9 0 . 5 0 . 5 0 . 6 2 .1 A c q u i s i t i o n a n d i n t e g ra t i o n e x p e n s e s 1 . 8 0 . 8 1 . 9 (3 . 0) 1 . 5 - - - (3 . 0) I m p a i r m e n t c h ar g e r e l a t e d t o p r o d u c t l i n e e x i t - - - - - - - 4 . 9 4 .9 S e v e ra n c e c h ar g e s - - - - - 0 . 3 - - 0 .3 A d j u s t e d E B I T D A $1 3 . 5 $1 2 . 3 $1 6 . 2 $1 4 . 2 $5 6 . 2 $1 4 . 5 $1 8 . 5 $1 9 . 1 $6 6 .3 A d j u s t e d E B I T D A m ar g i n 8 . 0% 7 . 5% 9 . 9% 7 . 8% 8 . 3% 7 . 8% 1 0 . 5% 1 1 . 4% 9 . 3% I n t e g r a t e d S o l u t i o ns T h r e e m o n t h s e n d e d T h r e e m o n t h s e n d ed© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 110

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No n - G A A P financial me a s u r es – prior segmen t at i on Y e ar e n d ed L a s t t w e l v e m o n t h s e n d ed ($ i n m i ll i o ns) A u g u s t 3 1 , 2024 N o v e m b e r 3 0 , 2024 F e b r u ar y 2 8 , 2025 M a y 3 1, 2025 M a y 3 1, 2025 A u g u s t 3 1 , 2025 N o v e m b e r 3 0 , 2025 F e b r u ar y 2 8 , 2026 F e b r u ar y 2 8 , 2026 S a l e s $2 5 . 5 $2 0 . 2 $2 8 . 7 $2 6 . 3 $1 0 0 . 7 $2 2 . 2 $2 1 . 4 $1 9 . 5 $8 9 .4 O p e ra t i n g i n c o m e (l oss) (1 . 7) 2 . 2 6 . 4 3 . 2 $1 0 . 1 3 . 0 2 . 4 2 . 8 $1 1 .4 O p e r t i n g i n c o m e m ar g i n - 6 . 7% 1 0 . 9% 2 2 . 3% 1 2 . 2% 1 0 . 0% 1 3 . 5% 1 1 . 2% 1 4 . 4% S a l e s $2 5 . 5 $2 0 . 2 $2 8 . 7 $2 6 . 3 $1 0 0 . 7 $2 2 . 2 $2 1 . 4 $1 9 . 5 $8 9 .4 C o n t ra c t t e r m i n a t i o n b e n e f i t (9 . 5) - (4 . 0) - (1 3 . 5) - - - - A d j u s t e d s a l e s $1 6 . 0 $2 0 . 2 $2 4 . 7 $2 6 . 3 $8 7 . 2 $2 2 . 2 $2 1 . 4 $1 9 . 5 $8 9 .4 O p e ra t i n g i n c o m e (l oss) (1 . 7) 2 . 2 6 . 4 3 . 2 $1 0 . 1 3 . 0 2 . 4 2 . 8 $1 1 .4 C o n t ra c t t e r m i n a t i o n b e n e f i t 3 . 2 - (3 . 0) - 0 . 2 - - - - A d j u s t e d o p e ra t i n g i n c o m e $1 . 5 $2 . 2 $3 . 4 $3 . 2 $1 0 . 3 $3 . 0 $2 . 4 $2 . 8 $1 1 .4 A d j u s t e d o p e ra t i n g m ar g i n 9 . 4% 1 0 . 9% 1 3 . 8% 1 2 . 2% 1 1 . 8% 1 3 . 5% 1 1 . 2% 1 4 . 4% 1 2 . 8% O p e ra t i n g i n c o m e (l oss) ($1 . 7) $2 . 2 $6 . 4 $3 . 2 $1 0 . 1 $3 . 0 $2 . 4 $2 . 8 $1 1 .4 D e p r e c i a t i o n a n d a m o r t i z a t i o n 0 . 4 0 . 4 0 . 4 0 . 4 1 . 6 0 . 4 0 . 5 0 . 4 1 .7 C o n t ra c t t e r m i n a t i o n b e n e f i t 3 . 2 - (3 . 0) - 0 . 2 - - - - A d j u s t e d E B I T D A $1 . 9 $2 . 6 $3 . 8 $3 . 6 $1 1 . 9 $3 . 4 $2 . 9 $3 . 2 $1 3 .1 A d j u s t e d E B I T D A m ar g i n 1 1 . 9% 1 2 . 9% 1 5 . 4% 1 3 . 7% 1 3 . 6% 1 5 . 3% 1 3 . 6% 1 6 . 4% 1 4 . 7% E x p e d i t i o n a r y S e r v i c es T h r e e m o n t h s e n d e d T h r e e m o n t h s e n d ed© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 111

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LEADERSHIP BIOS© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 112

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Ch a irman, P r esident an d Ch i ef E x ecuti v e O f ficer John M. Holmes J o hn M . H ol m e s i s C h a i r m an, P r e s i de n t an d C E O o f AA R C OR P . (N Y SE: AI R) , a l e ad i n g av i a tion s e r v i c e s p r o v i de r to c o m m e r c i a l an d g o v er n m en t c u sto m e r s w orldwid e . T h e $2 . 8 B c o m pa n y s e r v e s c u sto m e r s i n 100+ c ou n t r i e s , w i t h n e a r l y 8 , 0 00 e m pl oy e e s w ork i n g a c r oss m o r e t h an 4 0 AA R s i te s. S i n c e j o i n i n g AA R i n 2001 , H ol m e s h as h e l d var i ous l e ade r ship r ol e s be f o r e be i n g n a m ed P r e s i de n t o f AA R i n 2017 , C E O i n 2018 , an d C h a i r m an o f t h e C o m pa n y ' s B oa r d o f D i r e c to r s i n 2023 . H e h as g r o w n t h e g l obal C o m pa n y t h r oug h m u lt i ple a c q u i s i tion s , i n c lu d i n g Ai r i n m a r , P r e m i er A v i a tion, T r ax , T r i u m p h G r ou p ' s P r od u c t S u p p or t busine s s , A e r ost r a t , A D I A m eri c an D i st r i b u to r s , H A E C O A m eri c a s , a n d Ai r c r a f t R e c onf i g T e c hn ol o g i e s — sha r pe n i n g AA R ' s po r t f ol i o to be c o m e t h e p r e m i er P ar t s , R e pa i r , an d So f t w a r e pl a t f or m i n t h e av i a tion a f te r m ar k et. Unde r H ol m e s ' l e ade r shi p , AA R h as del i v e r ed r e c o r d r et u rn s , r e c e i v ed F AA a c c epta n c e o f i ts c or p o r a te sa f ety m anage m en t s yste m p r og r a m , a n d be c o m e a to p e m pl oy e r , e a rn i n g r e c ogn i tion as one o f A m e ri c a ' s g r e a tes t w or k pl ac e s. H ol m e s c ur r en t l y s e r v e s o n t h e B oa r d o f G A T X C or p o r a tion (N Y SE: G A T X) . A c ti v e c i v i c a l l y an d p h i l a n t h r opi c a l l y , h e a l so s e r v e s o n t h e B oa r d an d E x e c u ti v e C o m m i t t e e o f t h e A e r ospa c e I n d u st r i e s Asso c i a tion an d as t h e C h a i r m an o f C olu m bi a C ol l e g e C h i c ag o ' s B oa r d o f T ru stee s . A d d i tional l y , h e pa r ti ci p a tes on t h e B oa r ds o f t h e C o m m e r c i a l C lu b o f C h i c ag o , E x e c u ti v e s ' C lu b o f C h i c ag o , W orld B u s i n e s s C h i c ag o , Shedd A q u ariu m , L i n c oln P ark Zo o , A nn & R ober t H. L ur i e C h i ld r e n ' s H osp i tal o f C h i c ag o F ou n d a tion, C h i c ag o Sy m p h ony O r c h e s t r a, an d I l li n o i s Econo m i c D e v e l op m en t Co r po r a tion. P ri o r to j o i ning AA R , Hol m e s w or k e d i n i n v e st m e n t ban k i ng and p r i v a te e quit y . H e e arned a bache l o r ' s i n fi n anc e f r o m t h e Un i v e r s i ty o f I l li n o i s an d an M B A fr o m t h e Un i v e r s i ty o f C h i c ag o.© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 113

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S VP an d Ch i ef Com m e r ci a l O f ficer Chri s Jes s up C hr i stop h er A . J e ssu p i s Sen i or V i c e P r e s i de n t an d C h i e f C o m m e r c i a l O ffi c er a t AA R. J e ssu p j o i n ed AA R i n 2008 w h en t h e C o m pa n y a c q u i r ed A vbo rn e , I n c ., w h e r e h e h e l d var i ous s e n i or e x e c u ti v e r ol e s i n sa l e s , m ar k et i n g an d b u s i n e s s de v e l op m en t d a ting bac k to 2 002 . F r o m 2008 to 2015 , J e s s up s e r v e d i n v a ri o us s e ni o r l e ad e r sh i p s a l e s and op e r a ti o nal r o l e s w i t h i n AA R ' s M R O Se r v i c e s g r ou p , c onc l u ding w i t h Sen i or V i c e P r e s i de n t , A i r f r a m e M R O Se r v i c e s , w h e r e h e was r e s po n s i ble f or t h e g r ou p ' s ope r a tional ov e r s i gh t an d P & L . I n 2 015 , h e was p r o m oted to C h i e f C o m m e r c i a l O ffi c er o f AA R ' s A v i a tion Se r v i c e s s e g m en t , w h e r e h e assu m ed t h e c o m m e r c i a l g l obal sa l e s , m ar k et i n g an d b u s i n e s s de v e l op m en t r e s po n s i bi li ti e s f or t h e P ar t s S u p p l y , I n teg r a te d So l u tion s , OE M So l u tions an d M R O G r ou p c ol l e c ti v e l y . J e s su p was e l e c te d a c or p o r a te o f fi c er an d assu m ed h i s c ur r en t r ol e a s Sen i or V i c e P r e s i de n t an d C h i e f C o m m e r c i a l O ffi c er a t AA R i n 2017. J e ssu p e a rn ed a B a c h e l or o f S c i enc e deg r e e i n A v i a tion B u s i n e s s A dm i n i st r a tion an d a M aster o f B u s i ne s s A d m i ni s t r a ti o n i n A v i a ti o n f r o m E m b r y - R i ddl e A e r onauti c a l U ni v e r s i t y.© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 114

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S V P , D i s tri b ution F r ank L andrio© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 115 F r ank L andri o is S enior Vice P r esident , Di s tribut i on o f AAR. I n his r o l e o v e r seeing AA R ' s Di s tribut i on di v is i on, M r . L andri o f o s t e r s s t r at egic partne r shi p s with O EMs t o ma x imi z e their g l o b al comm e r cia l and mil i t a r y a f t ermar k e t sa l es L andri o j o ined AA R in 2007 as V ice P r esident o f F inanc e o f AA R A i r c r a f t C o mponen t Se r v ices in N ew Y o r k. H e be c am e G en e r al M a na g er o f AAR A i r c r a f t C o mponen t Se r v ices and the n C F O o f AA R ' s A v i a ti o n Su p p ly Chain G r ou p . H e led the ef f o r t of si g ning m a n y O EM di s tribut i on and r epair cont r ac t s , inc l uding U T A S , E a t on, and H one y w el l . I n 2020 , L andri o assumed the p o sit i on o f C E O of AA R Sumi s ho A v i a ti o n Se r v ices L L C (A S A S) , and in 2 0 23 he was p r omo t ed t o his cur r ent r o l e of Seni o r Vice P r es i dent , D i s tr i but i o n. P ri o r t o j o ining AA R , L andri o held v ari o us ma n a g e m en t p o sit i ons in both o p e r a ti o ns and f i na n c e , inc l uding C OO and C F O of an elect r oni c s ma n u f act u ri n g compa n y in N e w Y o r k. L a n drio e a rn e d a ba c h elor ' s d e g r e e in a c cou n ti n g f r o m D o wling Co l le g e and is a Certi f ied M a na g e m en t Acc o un t an t (C MA).

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S V P , Rep a ir & Enginee r ing T om Ho f e r er© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 116 T om H o f e r er is Seni o r Vice P r esiden t , Repa i r & Engineeri n g o f AAR. H o f e r er lead s AA R ' s M ain t en a n c e , Repa i r , and O v erhaul (M R O) Se r v ices and Mobi l it y S y s t e m s o p e r a ti o n s . H e is r ecogn i z e d f o r s t r engt h s in per f o r ma n ce mana g emen t , s t r a t eg i c p l anning, and bu i l d i ng t eams th a t e x cee d e xpec ta t i o ns and del i v er r esul t s. P ri o r t o j o ining AA R , H o f e r er spen t mo r e tha n 30 y ea r s with G E Ae r o s pac e , wh e r e he held v ari o us leade r shi p p o sit i on s , includ i ng the r o l e o f P r esident o f U n is o n I ndu s trie s . T h r ou g hout his c a r ee r , H o f e r er f ocu s ed on supp l y chain o p e r a ti o n s , cu s t omer supp o rt, in t ern a ti o n a l partne r shi p s , sa l e s , and a f t erm a r k e t se r v ice s . H e al s o r eti r ed f r om the U . S . A i r F o r ce and O hio A i r N a ti o nal G ua r d as a Chief M a s t er S e r g eant. H o f e r er earned a bachel o r ' s deg r ee in indu s tria l engineering and an M B A f r om t h e U n i v e r sit y o f C i ncinn a ti .

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S V P , S o f t w a re And r e w Sch m idt© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 117 A n d r ew S c h m i d t i s Sen i or V i c e P r e s i de n t o f So f t w a r e f or AA R. S c h m i d t i s r e s po n s i ble f or s c a l i n g AA R ' s so f t w a r e b u s i n e s s b y g r o w i n g i ts c u sto m er bas e , en h anc i n g c u sto m er su p po r t , an d e x pa n ding p r od u c t o f f erings t h r oug h dig i tal i nn o v a tion. H e he l ps to e x e c u t e t h e C o m pan y ' s st r a te g y f or s o f twa r e , wh ic h i nc l udes bui l d i ng a f ound a ti o n f or a n ew pa r ts e c o s yste m i n c oo r din a tion w i t h AA R an d pa r ts su p pl i e r s an d m o r e b r oadl y i n c or p o r a ting AI i n to a l l o f AA R ' s so f t w a r e o f f ering s . S c h m i d t was i n st r u m en t a l i n AA R ' s M a r c h 2023 a c q u i s i tion o f T r ax. S c h m i d t s e r v ed a s AA R ' s Sen i or V i c e P r e s i de n t o f I n tel l i g e n t So l u tions f r o m 2 011 to 2 018 . Unde r h i s l e ade r ship AA R a c q u i r ed an d i n teg r a te d Ai r i n m a r® an d l a un c h ed P AA R T S S t o r e , b r i n g i n g t h e C o m pa n y ' s pa r ts sa l e s o n l i n e to i n c r e a s e r e v en u e an d e x pa n d p r od u c t r e ac h to additi o n a l c u sto m e r s. I n add i ti o n to hi s e x per i e nc e s w i t h AA R , S c h m i d t he l d v a ri o us s e ni o r - l e v e l r o l e s , i nc l uding s e r v i ng as a M anag i n g D i r e c to r o f Se a b u r y C ap i tal, Sen i or V i c e P r e s i de n t o f M a c q u ari e C ap i tal ' s A v i a tion an d A e r ospa c e I n v e s tm e n t s , an d V i c e P r e s i de n t an d P ar t n er a t Ol i v er Wy m an. T h r oug h ou t h i s c a r e e r , h e suc c e s s f u l l y l e d p r i v a te i n v e s tm e n ts f or te c hn ol o g y - based c o m pa n i e s i n t h e av i a tion a f te r m ar k et, t r a v e l , an d fi n tech s ec to r s , e x pa n ded a c ons u lt i n g p r a c ti c e i n to t h e a e r ospa c e i n d u st r y , a n d d r ov e st r a teg i c m e r g e r s an d a c q u i s i tion s. S c h m i d t e a rn ed a B a c h e l or o f S c i enc e i n A e r ospa c e E n g i n e e r i n g f r o m E m b r y - R i d d l e A e r ona u ti c a l Un i v e r s i ty an d a M aster o f B u s i n e s s A dm i n i st r a tion f r o m No r t h w e s t e r n Un i v e r s i t y ' s K e l lo g g S c hoo l o f M ana g e m e n t .

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S V P , G o v ernment P r og r ams N i cholas G r oss© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 118 Nichola s G r o s s is Seni o r Vice P r esident , G o v ern m ent P r o g r ams f o r AAR. G r o s s j o ined AA R in 2016 t o o v e r see the de v el o pme n t o f cu s t om so l uti o ns f o r g o v ern m ent f l ee t s w o r l d wide and t o en h anc e the C o mpa n y ' s a v i a ti o n supp l y chain and c o nt r ac t o r lo g i s ti c s su p p o rt. I n 2019 , G r o s s was ap p o in t ed a c o r po r a t e o f f i c e r. P ri o r t o A A R, G r o s s spent 16+ y ea r s in in t ern a t i o nal ma n a g e m en t , s t r at egic de v el o pme n t , and p r o j ect e x ecution, ho l ding p o sit i ons with Micha e l Ba k er I n t ern a t i o nal , K S I n t ern a ti o n a l, and KBR, I n c. G r o s s is a p r ou d U . S . A i r F o r ce v e t e r an with multip l e in t ern a t i o nal dep l o y m e n t s . H e earned an M B A f r om North w e s te r n U n i v e r sit y K el l o g g S c ho o l o f M a na g e m en t and Bachel o r o f S c i ence in Bus i ness A d mini s t r a ti o n f r o m T r o y U n i v e r s i t y.

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S VP an d Ch i ef F inan c ial O f ficer Dylan W olin© 2 0 2 6 AA R CO R P . A ll ri gh t s r e s e rv e d w o r l d w ide 119 D y l an W ol i n i s Sen i or V i c e P r e s i de n t an d C h i e f F i n anc i a l O ffi c er o f AA R an d ov e r s e e s A A R ' s fi n anc e , a c c ou n ting, ta x , t r e a su r y , i n v e s to r r e l a tion s , a n d c or p o r a te de v e l op m en t f un c tion s. W ol i n r e j o i n ed AA R i n 2026 f r o m F ede r a l S i gnal C or p o r a tion whe r e h e s e r v ed a s P r e s i de n t o f El gi n, T r a c k l e s s , a nd V a c to r , w hi c h de si gn and m anu f a c t u r e m ar k e t - l e ad i ng st r ee t s w ee pe r s , s e w er c l e ane r s , h y d r o e x c av a tion t r u c k s , i n d u st r i a l va c uu m t r u c k s , an d m u lt i p u r pose s i dewa l k t r a c to r s. F r o m 2 017 to 2024 , W ol i n h e l d m u lt i ple fi n anc e an d st r a t e g y r ol e s a t AA R, s e r v i n g m ost r e c en t l y as V i c e P r e s i de n t o f S t r a teg i c & C or p o r a te D e v e l op m en t a n d T r e a su r e r , w h e r e h e a l so m anaged i n v e s to r r e l a tion s. P r i or to AA R an d F ede r a l S i gnal, W ol i n was a D i r e c to r i n B o e i n g ' s C or p o r a te D e v e l op m en t g r ou p an d was r e s po n s i ble f or m e r g e r , a c q u i s i tion, an d j o i n t v en t u r e a c tiv i t y , a s w e l l as su p po r ting t h e c o m pan y ' s b r o a der st r a teg i c de v e l o p m e n t i nit i a ti v e s . P ri o r to Boe i ng, he s e r v e d a s a V i c e P r e s i de n t i n D eu t s c h e B ank ' s G loba l I n d u st r i a l s G r ou p w i t h i n i ts i n v e s tm e n t ba n k i n g di v i s i on. Ea r l i er i n h i s c a r e e r , W ol i n was an A ss oc i a te a t M c M an u s & M i l e s , a bo u tiq u e i n v e s tm e n t ba n k spe ci a l izi n g i n fi n anc i a l adv i so r y an d p r i v a te pl ac e m en t s. W ol i n e a rn ed a B a c h e l or o f A r ts i n e c ono mi c s f r o m T u f ts U n i v e r s i ty an d a M aster o f B u s i n e s s A dm i n i st r a tion i n fi n anc e f r o m t h e W h ar t on S c h oo l o f t h e Un i v e r s i ty o f P en n s y l van i a.