BERWYN, Pa.--(BUSINESS WIRE)--Jan. 30, 2017-- Triumph Group, Inc. (NYSE:TGI) was selected by Textron Aviation Inc. to supply aluminum machined parts for the new Cessna Citation Longitude super-midsize aircraft. Triumph Precision Components’ Complex High Speed Center of Excellence based in Wichita will produce the aluminum spars and wing skins for the Longitude program.
To add manufacturing capacity, Triumph invested in a new Makino A6 5-axis horizontal machining center that became operational in August 2016. The A6 machine is built specifically for high-efficiency machining of complex aluminum monolithic parts of up to six meters in length.
“We are pleased to see our relationship with Textron Aviation continue with the Longitude program,” said Rick Rosenjack, executive vice president for Triumph Precision Components. “Our focus on performance coupled with our investment in new technology provided us with this opportunity to further demonstrate our capability in high- speed, complex monolithic machining.”
The new agreement continues a long-standing relationship between Triumph and Textron Aviation. Triumph currently provides a number of structural components and systems for Textron Aviation, including stringers, bulkheads, frames and spar caps.
This agreement will contribute to organic growth for Triumph. Delivering on customer commitments, becoming predictably profitable, and driving organic growth are fundamental to the company’s long-term strategy.
Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aircraft structures, 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.
Statements in this release which are not historical facts are forward-looking statements under the provisions of the Private Securities Litigation Reform Act of 1995, including statements of prospects for organic growth. All forward-looking statements involve risks and uncertainties which could affect the company’s actual results and could cause its actual results to differ materially from those expressed in any forward looking statements made by, or on behalf of, the company. Further information regarding the important factors that could cause actual results to differ from projected results can be found in Triumph Group’s reports filed with the SEC, including our Annual Report on Form 10-K for the fiscal year ended March 31, 2016.
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Source: Triumph Group, Inc.
Triumph Group, Inc.
Director – Communications
Sheila G. Spagnolo
Vice President – Tax & Investor Relations