AAR is selling its Telair cargo-manufacturing businesses to TransDigm and has placed its Precision Manufacturing operations up for sale to focus on global aviation services. TransDigm is purchasing Telair International, Telair U.S. and Nordisk Aviation Products for $725 million in cash. AAR CEO David Storch expects to close the deal in the next 60 days. Telair Group’s revenue is expected to be about $300 million for the fiscal year ending in May. During an investors call on Feb. 23, ...

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