AAR Corp. (AIR), has signed a new agreement with Otto Instrument Service to sell and support the LASEREF IV inertial reference system product line. The agreement reinforces AAR’s strategy to broaden its OEM distribution portfolio serving the business aviation market. Under the agreement, AAR will ensure availability and rapid global deployment of the LASEREF IV system, an essential avionics unit installed on a range of business aircraft, for replacement and upgrade. The collaboration combines Otto’s expertise with AAR’s global supply-chain reach, advanced distribution infrastructure, and customer-support capabilities.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AIR:
- AAR Corp. price target raised to $135 from $112 at Jefferies
- AAR Names Dylan Wolin Chief Financial Officer
- AAR Corp. appoints Dylan Wolin as CFO
- Jefferies aerospace/defense analyst holds an analyst/industry conference call
- Truist says more confident in V2X outlook with removal of AAR Corp. T-6 protest
