AAR expects results for the third quarter ended Feb. 28 to come in below expectations due to lower flying positions and flight hours in airlift, $40 million pre-tax impairment for write-down of Precision Systems Manufacturing, $6 million pre-tax charge to reduce value of inventory and $2.5 million pre-tax charge for employee severance. AAR expects a loss of .73-.76 cents per share for the ...

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