GlobeNewswire Inc | Oct 20, 2021 04:00PM EDT

October 20, 2021

Wood Dale, Oct. 20, 2021 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, announced that Lori Knudson has joined the company as Vice President, Chief Ethics and Compliance Officer. Knudson will report to Jessica Garascia, AAR Vice President, General Counsel and Secretary, and will be responsible for oversight of AARs compliance function.

We are excited to add Lori to our legal team, where she will enhance our compliance program and continue to ensure we are adhering to the highest ethical principles, said Jessica Garascia.

Loris appointment as an officer of AAR underscores the importance we place on compliance. We are confident Lori will continue to help drive a culture of compliance and integrity at AAR, adds John Holmes, AAR President & CEO.

Knudson was most recently with Aegion Corporation, serving as Senior Vice President, Compliance, Risk and Internal Audit, where she was responsible for overseeing enterprise risk management and global compliance. Knudson began her career as an attorney with the law firm of Thomson Coburn. She holds a bachelors degree from University of Rochester and a juris doctorate from St. Louis University School of Law.

To learn more about AARs ethics and compliance program, please visit https://www.aarcorp.com/investor-relations/code-of-conduct/. If you want to access Lori Knudsons bio, please visit https://www.aarcorp.com/about/lori-knudson/.

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About AARAAR 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. AARs Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair and Overhaul (MRO) Services. AARs Expeditionary Services include Mobility Systems 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 PrivateSecurities Litigation Reform Act of 1995 which reflect management?sexpectations about future conditions. Forward-looking statements may also beidentified 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 expressionsand the negatives of those terms. These forward-looking statements are based onbeliefs of Company management, as well as assumptions and estimates based oninformation currently available to the Company and are subject to certain risksand uncertainties that could cause actual results to differ materially fromhistorical results or those anticipated. For a discussion of these and otherrisks and uncertainties, refer to ?Risk Factors? in our most recent AnnualReport on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Should oneor more of these risks or uncertainties materialize adversely, or shouldunderlying assumptions or estimates prove incorrect, actual results may varymaterially from those described. These events and uncertainties are difficultor impossible to predict accurately and many are beyond the Company?s control.The Company assumes no obligation to update any forward-looking statements toreflect events or circumstances after the date of such statements or to reflectthe occurrence of anticipated or unanticipated events.

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-- Lori Knudson - AAR Vice President, Chief Ethics and Compliance Officer

Daniela PietschAAR Corp+16302275100editor@aarcorp.com