AIR - AAR and Moog Inc. sign two multi-year commercial agreements | Benzinga
Wood Dale, Illinois, Aug. 29, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed two multi-year commercial agreements with Moog Inc. (NYSE:MOG). 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 close-to-the-customer model that provides efficient 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.
"We are delighted to sign this reciprocal agreement with AAR for aftermarket repairs and distribution. We look forward to continuing to develop our relationship with AAR and build upon these agreements for the ...