AAR Corp. signs two multi-year commercial agreements with Moog

AAR Corp. (AIR) has signed two multi-year commercial agreements with Moog (MOG.A). The agreements are the first steps in a new strategic relationship that allows for potential future expansion of the scope of services provided. Under the first agreement, AAR will distribute Moog products applicable to mature aircraft platforms to customers globally. This new OEM relationship complements AAR’s existing product offerings and customer base. Additionally, Moog will benefit from AAR’s value added services, which include a model that provides delivery of inventory to the end customer, enabling Moog’s effort for further simplification. The second agreement will enable AAR and Moog to perform reciprocal component repair services. AAR’s component repair facilities will receive support from Moog on manufactured piece parts and repair capability while Moog will receive components from AAR.