AAR Inks Exclusive Distribution Agreement With Collins Aerospace

AAR Corp. AIR has inked an exclusive distribution agreement with Collins Aerospace's Goodrich De-Icing & Specialty Heating Systems business. Deal terms were not disclosed.
Collins Aerospace is a unit of Raytheon Technologies Corp RTX.
AAR will provide airlines, other aircraft operators, and MROs globally with de-icers and supporting products.
Product offerings include patented technology and are predominantly used on general aviation aircraft, regional turbo-prop aircraft, and most multi-engine piston business aircraft.
Price Action: AIR shares are trading lower by 1.52% at $44.64 on the last check Monday.