Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts and uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
An announcement from AAR ( (AIR) ) is now available.
AAR CORP. has reached resolutions with the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) to settle potential violations of the Foreign Corrupt Practices Act related to transactions in Nepal and South Africa. Following self-reporting and cooperating with investigations, AAR agreed to a Non-Prosecution Agreement with the DOJ and a Cease-and-Desist Order from the SEC, totaling $55,599,653 in penalties and interest. These payments will be reflected as a one-time charge in the company’s financial statements and will be funded through cash on hand and borrowings. The resolutions reflect AAR’s commitment to transparency and compliance, with acknowledgment from the DOJ and SEC for its remedial actions and cooperation.
More about AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. The company, headquartered in the Chicago area, supports commercial and government customers through four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services.
YTD Price Performance: -2.90%
Average Trading Volume: 279,646
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.18B
Learn more about AIR stock on TipRanks’ Stock Analysis page.
