AAR elects H. John Gilbertson to its Board of Directors

WOOD DALE, Ill., March 17, 2020 /PRNewswire/ -- AAR (NYSE: AIR) announced today that H. John Gilbertson, Jr., retired Managing Director of Goldman Sachs Group Inc., has been elected to the Company's Board of Directors, effective immediately. The addition of Mr. Gilbertson increases the size of the Board from 11 to 12 directors.

"We are very pleased to welcome John to our Board of Directors and look forward to his contributions," said John M. Holmes, President and Chief Executive Officer of AAR. "John's extensive expertise in corporate finance, capital markets, advisory and mergers and acquisitions will bring valuable perspectives to our Board as we focus on driving profitable growth and enhancing shareholder value."

Mr. Gilbertson, 63, served as a strategic and financial advisor to clients of Goldman Sachs for 27 years as a Managing Director and as Partner-in-Charge of investment banking services for the Midwest Region. Before joining the firm in 1987, he held roles at Morgan Stanley, Bain & Company and Chase Manhattan Bank. He serves on the Board of Directors of Dover Corporation, a publicly traded company, and Meijer Inc., a privately held company.

About AAR
AAR is a global aerospace and defense aftermarket solutions company that employs more than 6,000 people in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR's Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair and Overhaul (MRO) Services. AAR's Expeditionary Services include Mobility Systems and Composite Manufacturing operations. Additional information can be found at www.aarcorp.com.

             This press release contains certain
              statements relating to future
              results, which are forward-looking
              statements as that term is defined
              in the Private Securities
              Litigation Reform Act of 1995.
              These forward-looking statements
              are based on beliefs of Company
              management, as well as assumptions
              and estimates based on information
              currently available to the Company,
              and are subject to certain risks
              and uncertainties that could cause
              actual results to differ materially
              from historical results or those
              anticipated, including those
              factors discussed under Item 1A,
              entitled "Risk Factors", included
              in the Company's Form 10-K for the
              fiscal year ended May 31, 2019.
              Should one or more of these risks
              or uncertainties materialize
              adversely, or should underlying
              assumptions or estimates prove
              incorrect, actual results may vary
              materially from those described.
              These events and uncertainties are
              difficult or impossible to predict
              accurately and many are beyond the
              Company's control. The Company
              assumes no obligation to update any
              forward-looking statements to
              reflect events or circumstances
              after the date of such statements
              or to reflect the occurrence of
              anticipated or unanticipated
              events. For additional information,
              see the comments included in AAR's
              filings with the Securities and
              Exchange Commission.

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SOURCE AAR