AAR completed the acquisition of HAECO Americas from HAECO Group for $78m.

AAR, a provider of aviation services to commercial and government operators, MROs, and OEMs, completed the acquisition of HAECO Americas, a provider of aircraft MRO and engineering services, from HAECO Group, an aircraft engineering and maintenance service provider, for $78m. "In connection with the transaction, we have secured agreements with key customers, totaling over $850m in sales over a multi-year period. These agreements, which effectively sell out the two HAECO Americas facilities, reflect strong demand and our close customer relationships. Moreover, these new facilities will allow us to further optimize our North American footprint, which we expect will lead to incremental margin expansion overall for our Repair & Engineering segment as we execute the integration," John M. Holmes, AAR Chairman, President and CEO.