So, are we to understand that Ten Rings is and always has been a front for A.I.M. operations?
For some reason, the "Marvel Movies Wiki" claims Raza ( played by Faran Tahir a.k.a. THE ROBAU ) was a subordinate of Killian's. There's an Iron Man 3 prequel comic featuring War Machine which supposedly involves the Ten Rings, so maybe some kind of connection is established there ( I wouldn't know because I haven't read it ).