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FINWIRES

AAR Closes $35 Million Acquisition of Aircraft Reconfig Technologies

-- AAR (AIR) has completed the acquisition of Aircraft Reconfig Technologies from ZIM Aircraft Cabin Solutions in an all-cash deal worth $35 million, the company said Friday.

Acquisition of the engineering firm specializing in aircraft interior reconfiguration boosts AAR's engineering and certification capabilities, particularly its ability to issue key Federal Aviation Administration approvals without relying on third parties, it added.

Shares of AAR were down around 1.3% in recent trading.

Price: $110.45, Change: $-1.63, Percent Change: -1.45%

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