BERWYN, Pa.--(BUSINESS WIRE)--Jul. 12, 2016--
FARNBOROUGH AIR SHOW -- Triumph Group, Inc.(NYSE:TGI) today
announced the signing of a new memorandum of understanding (MOU) with
Northrop Grumman Corporation (NYSE: NOC) at the Farnborough
International Air Show. The purpose of the MOU is to successfully
ramp-up high altitude long endurance unmanned aircraft system (UAS)
Over the next five years, Triumph, and Northrop Grumman will commit
resources to facilitate continued mutual success of high altitude long
endurance systems. The signing of the MOU reinforces the long-term
agreement between senior leadership of both companies to support our
customers by ensuring successful execution of numerous systems in the
2016-2026 planning period.
“Northrop Grumman is a very important customer; and we are pleased to
continue to partner with them by delivering high quality, UAS compliant
wings,” said Dan Crowley, Triumph president and CEO. “We are
implementing multiple process and production improvements to
significantly reduce flow days. We’re making important investments in
tooling and talent to improve schedule, quality and cost for the
“Through our partnership with Triumph, Northrop Grumman has delivered
and will continue to deliver unmatched capabilities in autonomous high
altitude, long endurance systems to customers worldwide,” said Tom Vice,
corporate vice president and president of Northrop Grumman Aerospace
Under the MOU, the companies will support near-term delivery
commitments, achieve knowledge transfer and enhance future quality and
affordability for the program. Northrop Grumman mechanics, engineers,
and support staff will assist Triumph in its wing transition to
production objectives on an interim basis to facilitate the increased
production. Both companies agree to collaborate and jointly take further
actions as necessary to meet or exceed the wing delivery plan.
Triumph and Northrop Grumman are committed to the success of the UAS for
domestic and international customers. Delivering high quality,
affordable, compliant wings on time facilitates mutual success of both
Northrop Grumman is a leading global security company providing
innovative systems, products and solutions in autonomous systems, cyber,
C4ISR, strike, and logistics and modernization to government and
commercial customers worldwide. Please visit www.northropgrumman.com
for more information.
Triumph Group, Inc. headquartered in Berwyn, Pa., designs, engineers,
manufactures, repairs and overhauls a broad portfolio of aero
structures, aircraft components, accessories, subassemblies and systems.
The company serves a broad, worldwide spectrum of the aviation industry,
including original equipment manufacturers of commercial, regional,
business and military aircraft and aircraft components, as well as
commercial and regional airlines and air cargo carriers.
More information about Triumph can be found on the company’s website at http://www.triumphgroup.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160712006679/en/
Source: Triumph Group, Inc.
Triumph Group, Inc.
Sheila G. Spagnolo,