AAR Corp. Secures Major Distribution Agreement with Woodward, Inc.
AAR Corp. (NYSE:AIR) has entered into a multi-year distribution agreement with Woodward, Inc., expanding their partnership to supply critical engine components to commercial airlines. The deal enhances AAR's global inventory access and operational efficiency, while the company also launched an AI-driven procurement platform. The agreement is expected to boost AAR's market position in the aerospace and defense sector.
Tickers: $WWD
Topics: aerospace AI procurement platform defense distribution agreement supply chain