EXHIBIT 21.1

                        SUBSIDIARIES OF AAR CORP. (1)

                                                   STATE OF
      NAME OF CORPORATION                        INCORPORATION
      -------------------                        -------------


AAR Allen Airmotive, Inc. .................       Illinois
AAR Aviation Services, Inc. (2) ...........       New York
AAR Aviation Trading, Inc. (3) ............       Illinois
AAR Financial Services Corp. ..............       Illinois
AAR Hardware Corp. (4) ....................       Illinois
AAR Manufacturing, Inc. (5) ...............       Illinois
AAR Oklahoma, Inc. (6) ....................       Oklahoma
AAR PowerBoss, Inc. (7) ...................       Illinois


- - -----------

(1)   Subsidiaries required to be listed pursuant to Regulation S-K Item
      601(b)(21).

(2)   Also does business under the name of AAR Engine Component Services, AAR
      Landing Gear Center, AAR Technical Service Center, AAR Technical Service
      Center - Midwest and Mars Aircraft Radio.

(3)   Also does business under the names AAR Aircraft Turbine Center, AAR Allen
      Aircraft, AAR Defense Systems and AAR Expendables.

(4)   Also does business under the name AAR Hardware.

(5)   Also does business under the names AAR Advanced Structures, AAR Cadillac
      Manufacturing, AAR Handling Systems, AAR Skydyne and Aeronetics.  AAR
      Manufacturing, Inc. was formerly known as AAR Brooks & Perkins Corp.

(6)   Also does business under the names Warsaw Aircraft Parts and AAR Southern
      Star.

(7)   Also does business under the name AAR PowerBoss.