Wood Dale, Illinois - AAR (NYSE: AIR), a leading independent provider of aviation services to commercial and government operators, has been named to the 'Best of the Best 2021 - Top Veteran-Friendly Companies' list by U.S. Veterans Magazine (USVM). This is the second consecutive year AAR has received this recognition.

USVM polled hundreds of Fortune 1000 companies for this year's Best of the Best evaluations. The award recognizes the top U.S. companies actively recruiting and providing a rewarding work culture for veterans, transitioning service members, disabled veterans and military spouses.

'AAR is excited to be recognized again as a Top Veteran-Friendly Company,' said John Cooper, AAR SVP of Global Government & Defense. 'Our veterans, who make over 20% of AAR's U.S.-based workforce, are such an important part of our success because they know our customers, understand the mission and generate winning solutions. AAR is so much stronger because of our Veteran-employees, and we are proud to be called veteran-friendly.'

'We strive to encourage other companies to follow the lead and ultimately create a more diverse workforce,' says Mona Lisa Faris, USVM President & Publisher.

For more information about AAR's veteran career options, visit aarcorp.com/careers/explore/#vets.

About U.S. Veterans Magazine (USVM)

At USVM, our goal is to open up employment, business and supplier opportunities within the federal government and corporate America for veterans, transitioning service members, disabled veterans, spouses and veteran business owners.

About DiversityComm

DiversityComm, Inc. (DCI) is the proud publisher of six nationally recognized diversity focused magazines: Black EOE Journal, HISPANIC Network Magazine, Professional WOMAN's Magazine, U.S. Veterans Magazine, Diversity in STEAM Magazine and DIVERSEability Magazine. We are dedicated to inform, educate, employ and provide equal opportunity within corporate America in order to create a more diverse workplace.

About the Best of the Best

Each year, DiversityComm, Inc. (DCI) and its six diversity magazines conduct select evaluations of the nation's Employers, Supplier Diversity Programs, Industry Leaders, Law Enforcement & Government Agencies and Schools. The evaluations also integrate findings by each magazine independently to identify 'Best of the Best' in relation to outreach and accessibility to the minority, veteran, female, people with disabilities and LGBTQ+ population. These non-biased studies are a valuable resource for the publication's readers, jobseekers, business owners, students, senior management, and consumers.

About AAR

AAR is a global aerospace and defense aftermarket solutions company with operations 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 operations. Additional information can be found at www.aarcorp.com.

Contact:

Media

Daniela Pietsch

Vice President

Corporate Marketing & Communications

E: editor@aarcorp.com

T: +1 630-227-5100.

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, including, but not limited to,statements regarding the agreement to establish The Module Factory,AAR's estimate that it will manage the teardown, repair, marketing and sales of spare parts of FTAI's CFM56 engine pool totaling over 200 engines and growing, AAR's ability to leverage its extensive USM capabilities to offer CFM56 serviceable engine material to the global commercial aviation aftermarket, that the partnership positions AAR well to service the growing demand for USM on a leading engine platform as customers increasingly prioritize more cost-efficient solutions, and the belief that serviceable engine products, combined with FTAI's proprietary products and partnerships, completes its unique suite of CFM56 aftermarket offerings aimed at delivering the lowest cost per cycle solution to airline customers. Forward-looking statements may also be identified because they contain words such as ''anticipate,'' ''believe,'' ''continue,'' ''could,'' ''estimate,'' ''expect,'' ''intend,'' ''likely,'' ''may,'' ''might,'' ''plan,'' ''potential,'' ''predict,'' ''project,'' ''seek,'' ''should,'' ''target,'' ''will,'' ''would,'' or similar expressions and the negatives of those terms. 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, 2020. 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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