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SARO News
SARO Events
StandardAero Awarded by USAF for F100-220 Engine Program
StandardAero announced an award from the U.S. Air Force, USAF, to apply Maintenance Insight to the F100-220 engine program, which powers over 175 F-15 aircraft. This award expands StandardAero's Maintenance Insight support to the fifth engine type in the USAF fleet. "The Air Force has been on the leading edge of Predictive Maintenance philosophy and implementation, and StandardAero is proud to have been part of that journey," said Marc Drobny, President of the StandardAero Military, Helicopters and Energy Division. "We are excited to partner once again with the USAF's Propulsion team on the critical F100-220 military platform."
StandardAero Signs Service Agreement with GMR Aero Technic
StandardAero announced the signing of a Supplier Service Agreement with GMR Aero Technic, India's largest third-party MRO service provider. The agreement is initially focused on leveraging the capabilities of both companies to provide enhanced on-wing support services to operators in India for narrowbody engine platforms including the CFM International CFM56-7B and LEAP-1A and LEAP-1B.
StandardAero Celebrates 70,000 Sq. Ft. Expansion in Winnipeg
StandardAero celebrated the grand opening of its new 70,000 sq. ft. expansion at one of the Company's facilities in Winnipeg, MB. The additional footprint increases the company's capacity to serve airline and military aircraft operators in North America and across the globe. The expanded facility provides full MRO support for the GE Aerospace CF34-3/8 and CFM International CFM56 turbofan engines. The CF34-8 engine powers leading regional aircraft including the Embraer E170/E175 and MHIRJ CRJ700/CRJ900, while the CF34-3 equips both the CRJ200 regional jet and the Bombardier Challenger 600/850 business jet family. The CFM56 powers the Boeing 737 NG and Airbus 320ceo, as well as its military variants, including the P-8A Poseidon maritime patrol aircraft.
StandardAero Reports Q2 Revenue of $1.6B, Adjusted EBITDA Growth of 12.3%
Reports Q2 revenue $1.6B, consensus $1.59B. "StandardAero delivered strong second quarter results with continued operational momentum," said Russell Ford, StandardAero's Chairman and Chief Executive Officer. "Amid the higher fuel price environment, we continue to see robust demand across the commercial aerospace platforms we serve, which translated into 12.3% Adjusted EBITDA growth year-over-year. Strong operational execution and the elimination of passthrough revenues from our restructured contracts allowed us to achieve record Adjusted EBITDA Margins of 14.4% and reach profitability on our LEAP and our CFM56 DFW programs during the quarter. Furthermore, we achieved an inflow of $50.2 million in Free Cash Flow during the quarter, as our supply chain initiatives begin to be realized."
Raises FY26 Revenue Outlook to $6.375B-$6.5B
Consensus $1.44. Raises FY26 revenue view to $6.375B-$6.5B from $6.325B-$6.45B, consensus $6.43B.
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