) recently received Federal Aviation Administration Supplemental
Type Certificate (STC) approval for 737NG Life Raft Stowage
Compartment, which adds to the list of AAR's avionics upgrades.
The life rafts will be stored in the ceiling space above
aircraft aisles. The innovative design will save valuable overhead
bin space. Management considers this as a retrofit option intended
to provide its customers with a state-of-the-art solution to
increase available bin space.
The highly efficient life-raft compartments, manufactured and
assembled by AAR Engineering Services at its Indianapolis
operation, is anticipated to provide competitive advantage to AAR
above peers such as,
Lockheed Martin Corporation
AAR Engineering Services provides a wide range of high-quality,
and cost-effective technical services. Building on advanced
engineering competence and design proficiency, AAR strives to
reinforce its position in the industry as an efficient and
high-tech service provider in its class.
The company has recently been voted the Best Airframe MRO
Provider - Americas by customers in ATE&M magazine's 2012
"Aircraft Technology Engineering and Maintenance Awards". It has
also been named Aircraft Parts Supplier of the Year and ranked as
one of the Top Five MROs in the world in an industry ranking by
Airline Economics magazine.
We currently maintain a long-term 'Underperform' recommendation
on the stock. Also, AIR carries a Zacks # 4 Rank, which translates
into a short-term (1-3 months) 'Sell' rating.
The Zacks Consensus Estimate of earnings per share for AAR Corp,
for the fourth quarter 2012, is pegged at 49 cents.
AAR CORP (AIR): Free Stock Analysis Report
BOEING CO (BA): Free Stock Analysis Report
GOODRICH CORP (GR): Free Stock Analysis Report
LOCKHEED MARTIN (LMT): Free Stock Analysis
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