BERWYN, Pa.--(BUSINESS WIRE)--Oct. 20, 2016--
Triumph Group, Inc.(NYSE:TGI) joined Northrop Grumman
Corporation (NYSE: NOC) and the U.S. Navy in celebrating the MQ-4C
Triton unmanned aircraft system (UAS) successfully completing Milestone
C, paving the way for the aircraft to transition into the production and
deployment phase.
Over the past year, Triumph worked closely with Northrop Grumman and the
Navy to implement improvements to the fabrication and assembly processes
for the Triton wings, yielding enhancements in wing quality and overall
build efficiency. Additional investments in tooling and capital
equipment, as well as increased resources and training, were made to
prepare for the ramp in manufacturing rates. Triumph Group has delivered
48 high altitude long endurance wings to Northrop Grumman since 1999.
“We are proud of our partnership with Northrop Grumman and the Navy, and
our efforts to advance the Triton UAS to Milestone C,” said Dan Crowley,
Triumph Group president and CEO. “Completing this milestone allows for
the launch of Triton into low rate initial production (LRIP) one and
two, which extends through 2018, with projected production accelerations
through 2027. Triumph is committed to the success of the Triton program
for the long run.”
In July, Triumph Group and Northrop Grumman signed a memorandum of
understanding (MOU) agreeing to collaborate and jointly take further
actions to achieve the wing delivery plan and ramp-up production rates
for the high altitude long endurance unmanned aircraft systems.
Since then, the companies have teamed together to utilize the experience
of mechanics, engineers and support personnel to facilitate learning and
assist in the production ramp. Collaboration between Triumph Group and
the Northrop Grumman teams generated improvements throughout the
manufacturing value stream that mitigate processing risks and eliminate
waste in the production flow.
Triton Milestone C marks the first achievement of the two firms’
partnership since the signing of the MOU. The partnership demonstrates
their commitment to the UAS programs and the mutual benefit of
delivering high quality, affordable, compliant wings for high altitude
long endurance systems.
Triumph Group, Inc., headquartered in Berwyn, Pa., designs, engineers,
manufactures, repairs and overhauls a broad portfolio of aerostructures,
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 Group 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/20161020006340/en/
Source: Triumph Group, Inc.
Triumph Group, Inc.
Michele Long, 610-251-1000
Director –
Communications
mmlong@triumphgroup.com
or
Sheila
G. Spagnolo, 610-251-1000
Vice President – Tax & Investor Relations
sspagnolo@triumphgroup.com
