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AAR Corp. To Acquire Former Blackwater/Xe Aviation Unit

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AAR Corp. [AIR] March 25 announced it signed an agreement to acquire Aviation Worldwide Services (AWS), a provider of expeditionary airlift services and aircraft modifications to the United States and other government customers, from Xe Services LLC, formerly known as Blackwater Worldwide. AAR is acquiring the business as part of its long-term strategy to expand its products, services and capabilities in support of government customers in the United States and abroad. AWS, through its operating subsidiaries, Presidential Airways and STI…

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