Company Website: https://standardaero.com/
SCOTTSDALE, Ariz. -- (Business Wire)

StandardAero, Inc. (NYSE: SARO) (“StandardAero” or the “Company”), a leading independent pure-play provider of aerospace engine aftermarket services including engine maintenance, repair and overhaul (MRO) and engine component repair, today announced its Board of Directors has authorized a stock repurchase program, effective immediately. The stock repurchase program authorizes the Company to repurchase up to $450 million of StandardAero’s common stock, subject to market conditions, contractual restrictions and other factors.

“As we continue to mature as a public company, implementing a stock repurchase program gives us another tool to allocate capital toward accretive investments that enhance long-term stockholder value,” said Russell Ford, Chairman and Chief Executive Officer of StandardAero. “We are strengthening our position as a global leader in aerospace services, and while our top priority remains investing in growth opportunities and our facilities, technology, and capabilities to best serve our customers, we believe dedicating a portion of capital to a stock buyback program is prudent. This decision reflects our confidence in the future of our business and our ability to capitalize on market dislocations when they arise.”

Repurchases under the program may be made in the open market, in privately negotiated transactions, or other means, with the amount and timing of repurchases depending on market conditions and corporate needs. Open market repurchases will be structured to occur within the pricing and volume requirements of Rule 10b-18. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its shares under this authorization.

The repurchase program does not obligate the Company to acquire any particular amount of StandardAero’s common stock and may be extended, modified, suspended or discontinued at any time at the Company’s discretion.

About StandardAero

StandardAero is a leading independent pure-play provider of aerospace engine aftermarket services for fixed and rotary wing aircraft, serving the commercial, military and business aviation end markets. StandardAero provides a comprehensive suite of critical, value-added aftermarket solutions, including engine maintenance, repair and overhaul, engine component repair, on-wing and field service support, asset management and engineering solutions. StandardAero is an NYSE listed company under the ticker symbol SARO. For more information about StandardAero, go to www.standardaero.com.

Forward-Looking Statements

This press release contains forward-looking statements that involve substantial risks and uncertainties. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Section 27A of the Securities Act of 1933, as amended (the “Securities Act”). In some cases, you can identify forward-looking statements by the words “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “foreseeable,” “future,” “intend,” “may,” “might,” “objective,” “ongoing,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” or “would” and/or the negative of these terms, or other comparable terminology intended to identify statements about the future. They include statements regarding the Company’s intentions, beliefs or current expectations concerning, among other things, the Company’s stock repurchase program. Forward-looking statements are inherently subject to risks, uncertainties and assumptions that are difficult to predict or quantify, including the fact that Common Stock repurchases may not be conducted in the timeframe or in the manner the Company expects, or at all, and the other factors described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and its other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of this press release. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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Contacts:

Investor Contact:
Rama Bondada, VP Investor Relations
+1 480-377-3196
Rama.bondada@standardaero.com

Media Contact:
Jake Saylor, VP Marketing & Communications
+1 602-209-1029
Jake.saylor@standardaero.com

Source: StandardAero