With a forward P/E ratio of 19.53, AAR Corp. (NYSE:AIR) is among the 10 Most Undervalued Defense Stocks to Buy According to Analysts.
AAR Corp. (NYSE:AIR) announced on April 22 that it entered into a multi-year commercial distribution agreement with Woodward, Inc., expanding an existing relationship between the two companies. Under the arrangement, AAR will act as the preferred distributor of Woodward’s high-demand consumable components, including fuel filters, gaskets, and seals, for the CFM LEAP, GEnx, and CF34 engine platforms sold directly to commercial airlines. These components are essential to engine reliability and operational efficiency, and the agreement allows airline customers to access inventory through AAR’s global warehouse network with faster fulfillment and dependable support, particularly during Aircraft on Ground events.
On April 21, AAR Corp. (NYSE:AIR) also introduced Airvoyant, an artificial intelligence-driven aviation procurement platform designed to modernize sourcing and purchasing workflows. The solution enables buyers to connect directly with suppliers, search available inventory, obtain and consolidate quotations, and complete purchasing decisions through a simplified one-click process. Built on infrastructure provided by Amazon Web Services, the platform integrates with Aeroxchange’s network of more than 5,000 suppliers, significantly broadening procurement reach and efficiency for customers.
AAR Corp. (NYSE:AIR) is a leading independent aerospace and defense contractor that provides maintenance, repair, and overhaul services, aviation parts supply, and integrated operational solutions to commercial airlines and government customers worldwide. The company is headquartered in Wood Dale and was founded in 1951 by Ira Allen Eichner before being incorporated in 1955.
AAR Corp. (NYSE:AIR)’s expanded partnership with Woodward strengthens its recurring parts distribution business while increasing exposure to some of the most widely used commercial aircraft engines, supporting long-term revenue visibility. At the same time, the launch of Airvoyant demonstrates the company’s ability to leverage digital innovation to improve procurement efficiency, positioning the stock as an attractive way to gain exposure to both aerospace aftermarket growth and technology-driven margin expansion.
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