Acquisitions (Tables)

12 Months Ended

May 31, 2026

Aircraft Reconfig Technologies Business

Acquisitions

Schedule of fair value of assets acquired and liabilities assumed

Accounts receivable	$	2.1
Inventory		17.5
Other assets		0.2
Accounts payable and other liabilities		(12.9)
Net assets acquired		6.9
Goodwill		29.1
Purchase price, net of cash acquired	$	36.0

HAECO Americas

Acquisitions

Schedule of fair value of assets acquired and liabilities assumed

Accounts receivable	$	25.9
Contract assets		15.7
Inventory		16.2
Right-of-use assets		95.2
Other assets		15.0
Accounts payable and accrued liabilities		(35.4)
Deferred taxes, net		(8.0)
Lease liabilities		(17.1)
Net assets acquired		107.5
Bargain purchase gain		(29.5)
Purchase price, net of cash acquired	$	78.0

ADI

Acquisitions

Schedule of fair value of assets acquired and liabilities assumed

Accounts receivable	$	13.1
Inventory		66.6
Intangible assets		75.8
Other assets		5.4
Accounts payable and other liabilities		(32.9)
Net assets acquired		128.0
Goodwill		9.1
Purchase price, net of cash acquired	$	137.1

Aerostrat

Acquisitions

Schedule of fair value of assets acquired and liabilities assumed

Current assets	$	0.6
Intangible assets		10.3
Deferred revenue		(0.6)
Deferred tax liabilities		(2.6)
Net assets acquired		7.7
Goodwill		11.3
Purchase price, net of cash acquired	$	19.0

Product Support Business

Acquisitions

Schedule of fair value of assets acquired and liabilities assumed

Accounts receivable	$	42.3
Contract assets		18.7
Inventory		62.8
Rotable assets		21.9
Property & equipment		44.6
Intangible assets		179.4
Investment in joint venture		17.9
Other assets		4.1
Accounts payable		(21.6)
Other liabilities		(14.9)
Net assets acquired		355.2
Goodwill		364.8
Purchase price, net of cash acquired	$	720.0