AAR, a global aerospace and defense aftermarket solutions company, completed the acquisition of the product support business from Triumph Group, a supplier of aerospace services, structures, systems and support, for $725m. "The completion of this acquisition scales AAR's repair capabilities, expands our footprint in the APAC region, and enhances our ability to serve our global customers. We're excited to welcome more than 700 team members from the Product Support business who bring expertise in key areas to the AAR team," John M. Holmes, AAR Chairman, President and CEO.