News Releases

News Releases

Date Title
Toggle Summary Triumph Adopts Tax Benefits Preservation Plan to Protect Valuable Tax Assets
BERWYN, Pa. --(BUSINESS WIRE)--Mar. 13, 2019-- Triumph Group, Inc. (“Triumph”) ( NYSE: TGI ) today announced that its Board of Directors has adopted a tax benefits preservation plan (the “Plan”) designed to preserve Triumph’s ability to utilize its net operating loss carryforwards and other tax
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Toggle Summary Triumph Group Announces the Sale of NAAS Line Maintenance Service Provider
BERWYN, Pa. --(BUSINESS WIRE)--Mar. 6, 2019-- Triumph Group, Inc. ( NYSE:TGI ) announced today the sale of Triumph Aviation Services – NAAS Division, Inc. (“NAAS”) to STS Aviation Group . The transaction is effective as of March 6, 2019 . The division generated revenues of approximately $30 million
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Toggle Summary Triumph Group to Partner with Thailand’s CATC to Foster Aviation Training Development in Southeast Asia
BERWYN, Pa. --(BUSINESS WIRE)--Mar. 5, 2019-- Triumph Group, Inc. (NYSE: TGI) announced today that its southeast Asian businesses, Triumph Aviation Services Asia (TASA) and Triumph Structures - Thailand (TST), have signed a comprehensive Memorandum of Understanding (MOU) with Thailand Civil
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Toggle Summary Triumph Group Declares Quarterly Dividend
BERWYN, Pa. --(BUSINESS WIRE)--Feb. 21, 2019-- Triumph Group, Inc. (NYSE:TGI) today announced that its Board of Directors has declared a regular quarterly dividend of $0.04 per share on its outstanding common stock. The dividend is payable March 15, 2019 to shareholders of record as of March 1,
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Toggle Summary Triumph Group Reports Third Quarter Fiscal 2019 Results
Reports Third Consecutive Quarter of Organic Sales Growth Reaffirms Fiscal Year 2019 Net Sales, EPS and Cash Guidance On Track to Deliver Positive Free Cash Flow in Fourth Quarter BERWYN, Pa. --(BUSINESS WIRE)--Feb. 7, 2019-- Triumph Group, Inc.   (NYSE:TGI) (“Triumph” or the “Company”) today
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Toggle Summary Triumph Group Completes Transfer of Global 7500 Wing Program to Bombardier
BERWYN, Pa. --(BUSINESS WIRE)--Feb. 6, 2019-- Triumph Group, Inc. (NYSE:TGI)  announced today that it has completed the transfer of the Global 7500 wing manufacturing operations and assets to Bombardier (TSX:BBD.B), as previously announced. Bombardier will operate the program’s wing production line
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Toggle Summary Major U.S. Airline Selects Triumph for Key MRO Work
BERWYN, Pa. --(BUSINESS WIRE)--Feb. 5, 2019-- Triumph Group, Inc. (NYSE:TGI) announced today that its Product Support business unit was selected by a major U.S. airline to provide maintenance, repair and overhaul (MRO) services on heat transfer units for the carrier’s fleet.
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Toggle Summary Triumph Selected to Supply Critical Systems for T-X - Trainer
BERWYN, Pa. --(BUSINESS WIRE)--Jan. 31, 2019-- Triumph Group, Inc. (NYSE:TGI)  announced today that it will provide Airframe Mounted Accessory Drives (AMAD) and hydraulic systems to Saab for the Boeing T-X advanced pilot training jet. Saab , Boeing’s partner for the T-X program, responsible for the
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Toggle Summary Triumph Group Announces the Sale of Fabrications Business to Arlington Capital Partners, Advancing Transformation Plan
BERWYN, Pa. --(BUSINESS WIRE)--Jan. 28, 2019-- Triumph Group, Inc. ( NYSE:TGI ) announced today a definitive agreement to sell Triumph Fabrications to Arlington Capital Partners . The operations included in the agreement are in Fort Worth, Texas ; Hot Springs, Arkansas ; Phoenix, Arizona ; San
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Toggle Summary Triumph Group Announces the Sale of Metallics Machining Business to NWI Holdings
BERWYN, Pa. --(BUSINESS WIRE)--Jan. 24, 2019-- Triumph Group, Inc. ( NYSE:TGI ) announced today a definitive agreement to sell its metallics machining operations to NWI Holdings , an affiliate of TECT Aerospace and TECT Power . TECT Aerospace manufactures complex aerostructure components, parts and
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Toggle Summary Triumph Group Enters into Agreement to Transition Global 7500 Program to Bombardier
Marks Strategic Decision Key to Triumph Transformation Plan BERWYN, Pa. --(BUSINESS WIRE)--Jan. 24, 2019-- Triumph Group, Inc. ( NYSE:TGI ) announced today that it has entered into a definitive agreement to transfer the Global 7500 program (the “transition” or “agreement”) to Bombardier
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Toggle Summary Triumph Group to Webcast Third Quarter Fiscal Year 2019 Earnings Conference Call
Live Webcast scheduled for 8:30 AM ET on February 7th BERWYN, Pa. --(BUSINESS WIRE)--Jan. 17, 2019-- Triumph Group, Inc. (NYSE: TGI) will release third quarter fiscal year 2019 earnings on February 7, 2019 and will host a conference call that day at 8:30 a.m. ET .
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Toggle Summary Bombardier Selects Triumph for A320neo Nacelle Components
BERWYN, Pa. --(BUSINESS WIRE)--Jan. 17, 2019-- Triumph Group, Inc. (NYSE: TGI)  announced today that its Integrated Systems business unit will provide nacelle components for Bombardier Belfast in support of their thrust reverser units for the Geared Turbo Fan powered A320neo aircraft.
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Toggle Summary Triumph Celebrates the Acceptance of First KC-46A Tanker by the U.S. Air Force
Triumph Group to supply systems and structures in support of the tanker program BERWYN, Pa. --(BUSINESS WIRE)--Jan. 16, 2019-- The U.S. Air Force has accepted the first Boeing KC-46A Pegasus tanker aircraft, setting the stage for the aircraft’s delivery to McConnell Air Force Base , in Wichita,
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Toggle Summary Triumph to Provide Complex Structural Forms for Bombardier Thrust Reversers on A320neo
BERWYN, Pa. --(BUSINESS WIRE)--Jan. 14, 2019-- Triumph Group, Inc. (NYSE: TGI)  announced today that it will provide structural formed skins for the Bombardier thrust reversers to be fitted on Geared Turbo Fan powered A320neo aircraft. Under the contract Triumph will work with Bombardier Belfast to
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Toggle Summary Triumph Awarded DLA Contract Extension for Enhanced Digital Electronic Engine Control Units
BERWYN, Pa. --(BUSINESS WIRE)--Jan. 10, 2019-- Triumph Group, Inc. (NYSE:TGI) recently announced that the Defense Logistics Agency has awarded Triumph Integrated Systems with a five-year contract for indefinite quantity and delivery of Enhanced Digital Electronic Control Units (EDECUs) for use in
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Toggle Summary Triumph Group Completes Sale of APU Repair Product Line
BERWYN, Pa. --(BUSINESS WIRE)--Jan. 10, 2019-- Triumph Group, Inc. (NYSE:TGI) announced today that it has completed the previously announced sale of it APU Repair Product Line (RPL) of Triumph Aviation Services Asia, Ltd. (TASA). On May 3, 2018 , Triumph Group signed a definitive agreement to sell
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