Aar agrees to divest non-core composites manufacturing business

Press release - aar agrees to divest non-core composites manufacturing business.aar corp - furloughing approximately 1,000 full-time employees.aar corp - closing duluth, minnesota maintenance, repair and overhaul facility and transferring equipment to other aar operations.aar corp - buyer of co's aerospace composite manufacturing business is an affiliate of architect equity.aar corp - terms of transaction were not disclosed.aar corp - implementing executive and other employee pay reductions.aar corp - exiting underperforming contracts and product lines.
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