AAR Corp will need up to 18 months to wind down work at its Indianapolis heavy maintenance operation and redistribute the work to other network locations.
AAR Corp. has acquired HAECO Americas for $78 million in an all-cash transaction, which significantly expands its heavy maintenance capacity in the U.S.
AAR will pay more than $55 million to resolve investigations by the U.S. Justice Department and SEC into violations of the Foreign Corrupt Practices Act.