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StandardAero

Automotive Service & Collision Repair · Arizona, United States · 6,000 Employees

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About

Headquarters

6710 N Scottsdale Rd Ste 250, Scottsdale, Arizo...

Phone Number

(480) 377-3100

Revenue

$4.8 Billion

Industry

Automotive Service & Collision Repair Consumer Services

Most Recent Scoops

Earnings
StandardAero has reported that its Q3 operating cash flow was impacted by higher interest burden from its old capital structure, along with significant non-recurring IPO acquisition and transformation costs amounting to $25 million in Q3 and $66 million year-to-date. The quarter was also affected by timing on working capital and elevated CapEx levels associated with growth investments.
Award
StandardAero has been awarded two significant prime contracts with the U.S. Navy. The company was selected for a five-year, $1.2 billion IDIQ contract for the Navy's P-8 Poseidon fleet to perform MRO on the fleet's CFM-56 engines, and to perform engine services for the Navy's T56-427A engines powering its E2D advanced Hawkeye aircraft.
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Highlights

$5B

Total Funding Amount

$5B

Most Recent Funding Amount

1

Number of Funding Rounds

View details

Who is StandardAero

StandardAero is a global provider of aircraft engine maintenance, repair, and overhaul (MRO) services. Based in Scottsdale, Arizona, it serves commercial, military, and industrial clients, offering expertise in aviation engineering and technology since its founding in 1911.Explore more
StandardAero's Social MediaPopular SearchesStandardaeroStandardAero Aviation Holdings IncStandard AeroStandard Aero LtdStandard Aero IncSIC Code 75,754NAICS Code 81,811Show more

StandardAero Org Chart

Russell Ford

Chief Executive Officer & Chairman

PhoneEmail
Kim Ernzen

Chief Operating Officer

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Lewis Prebble

President, Engine Services – Airlines & Fleet...

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StandardAero financials insights

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StandardAero Employee Growth Rate

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StandardAero Tech Stack

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Most Recent Scoops

Earnings
StandardAero has reported that its Q3 operating cash flow was impacted by higher interest burden from its old capital structure, along with significant non-recurring IPO acquisition and transformation costs amounting to $25 million in Q3 and $66 million year-to-date. The quarter was also affected by timing on working capital and elevated CapEx levels associated with growth investments.
Earnings, IPO, Business Finance, Finance
Award
StandardAero has been awarded two significant prime contracts with the U.S. Navy. The company was selected for a five-year, $1.2 billion IDIQ contract for the Navy's P-8 Poseidon fleet to perform MRO on the fleet's CFM-56 engines, and to perform engine services for the Navy's T56-427A engines powering its E2D advanced Hawkeye aircraft.
Contracts, Manufacturing Operations, Operations
Earnings
StandardAero has reported that its Q3 cash flow was impacted by one-time fees and expenses of about $25 million, as well as $15 million in CapEx for LEAP and CFM programs. The company's net working capital as a percent of revenue declined 160 basis points year-over-year, despite significant revenue growth.
Earnings, Business Finance, Finance
Earnings
StandardAero has generated revenue of $1.2 billion for the third quarter ended September 30th, 2024, representing a 13.2% growth compared to the same quarter last year. Organic growth accounted for 12.4% of this increase.
Earnings, Accounting, Financial Reporting, Business Finance, Finance
Project
Engineering, Manufacturing Operations, Operations
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StandardAero News & Media

  • StandardAero Signs 15-Year CFM LEAP Support Agreement with Major Middle East Airline; Engine Inductions Already Underway

    SCOTTSDALE, Ariz.--(BUSINESS WIRE)--StandardAero, a leading independent provider of engine maintenance, repair and overhaul (MRO) services, has signed a definitive 15-year agreement with a major Middle East airline to provide aftermarket services for the CFM International LEAP turbofan engine. Under the new agreement, StandardAero’s LEAP MRO facility in San Antonio, TX, will provide engine and engine component repair and overhaul, including LEAP performance restoration shop visits (PRSV) and co
  • CCC, StandardAero sign contract worth over $80M to repair U.S. Navy surface fleet engines

    OTTAWA, Ontario, Nov. 20, 2024 (GLOBE NEWSWIRE) -- CCC is pleased to announce that it was awarded an indefinite delivery/indefinite quantity (IDIQ) contract worth over $80 million from the United States Department of Defense (U.S. DoD) for engine repair services by StandardAero. Under CCC’s contract, StandardAero will repair 501-K34 Turbine Engines used by the U.S. Navy surface fleet. The 501-K34 is used in a variety of ships for power generation and mechanical drive applications.
  • StandardAero Announces Third Quarter 2024 Earnings

    SCOTTSDALE, Ariz.--(BUSINESS WIRE)--StandardAero (NYSE: SARO) announced results today for its third quarter ended September 30, 2024 (“Third Quarter 2024”). Third Quarter 2024 Highlights Revenue increased 13.2% year-over-year to $1,244.6 million Net Income was $16.4 million; Net Income Margin was 1.3% Adjusted EBITDA increased 26.0% year-over-year to $168.4 million Adjusted EBITDA Margin was 13.5%, an increase of 137 basis points compared to the prior year’s quarter Capital expenditures were $2
  • StandardAero Announces Third Quarter 2024 Earnings Release and Conference Call Date

    SCOTTSDALE, Ariz.--(BUSINESS WIRE)--StandardAero, Inc. (NYSE: SARO) will report its third quarter 2024 earnings results after the market closes on Wednesday, November 13, 2024. StandardAero will hold a conference call to discuss the results at 5:00 PM ET that day. A live webcast of the conference call will be made available on the Events section of StandardAero’s investor relations website at https://ir.standardaero.com/news-events/events. The earnings release and presentation will also be post
  • StandardAero Announces Pricing of its Upsized Initial Public Offering

    SCOTTSDALE, Ariz.--(BUSINESS WIRE)--StandardAero, Inc. (“StandardAero”) announced today the pricing of its initial public offering of 60,000,000 shares of its common stock, at a public offering price of $24.00 per share. The shares include 53,250,000 shares to be issued and sold by StandardAero and 6,750,000 shares to be sold by existing stockholders. The size of the offering was upsized from the previously announced 46,500,000 shares. Shares of StandardAero common stock are expected to begin t
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Frequently Asked Questions Regarding StandardAero

Where is StandardAero located?
StandardAero's headquarters are located at 6710 N Scottsdale Rd Ste 250, Scottsdale, Arizona, 85253, United States
What is StandardAero's phone number?
StandardAero's phone number is (480) 377-3100
What is StandardAero's official website?
StandardAero's official website is www.standardaero.com
What is StandardAero's Revenue?
StandardAero's revenue is $4.8 Billion
What is StandardAero's SIC code?
StandardAero's SIC: 75,754
What is StandardAero's NAICS code?
StandardAero's NAICS: 81,811
How many employees does StandardAero have?
StandardAero has 6,000 employees
What industry does StandardAero belong to?
StandardAero is in the industry of: Automotive Service & Collision Repair, Consumer Services
What is StandardAero competition?
StandardAero top competitors include: Aviation Technical Services, Barnes Aerospace, Duncan Aviation, Delta TechOps
What companies has StandardAero acquired?
StandardAero has acquired the companies: Vector Aerospace, AeroTurbine, EB Airfoils, Safe Aviation Solutions
What technology does StandardAero use?
Some of the popular technologies that StandardAero uses are: Solidworks, Microsoft IIS, CATIA, WordPress.org
Who is the CEO of StandardAero?
StandardAero's CEO is Russell Ford
How do I contact StandardAero?
StandardAero contact info: Phone number: (480) 377-3100 Website: www.standardaero.com
What does StandardAero do?

StandardAero is a global provider of aircraft engine maintenance, repair, and overhaul (MRO) services. Based in Scottsdale, Arizona, it serves commercial, military, and industrial clients, offering expertise in aviation engineering and technology since its founding in 1911.... Read More

What are StandardAero social media links?
StandardAero Linkedin page StandardAero Twitter page StandardAero Facebook page
How much funding has StandardAero raised to date?
StandardAero has raised $5 Billion in 1 funding round
When was the last funding round for StandardAero?
StandardAero closed its last funding round on Dec 18, 2018 with the amount of $5 Billion
Is StandardAero a public company?
StandardAero is private company therefore does not currently have an official ticker symbol
See more information about StandardAero

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