BERWYN, Pa.--(BUSINESS WIRE)--Jul. 25, 2017--
Triumph Group, Inc. (NYSE: TGI) signed an agreement with Boeing
(NYSE:BA) to provide various hydraulic and mechanical actuation
assemblies for legacy Boeing programs, including the Next-Generation
737, 737 MAX, 747-8, 767, 767-2C and 777, and for the 777X, Boeing’s
newest family of twin-aisle airplanes.
“This agreement demonstrates our commitment to the ‘Partnering for
Success’ program and follow-through on our recent agreement with Boeing
to find additional areas to add value on their existing and new
platforms,” said Tom Holzthum, executive vice president of Integrated
Systems. “We are pleased to supply systems for new programs like the
777X, which is leading the way in fuel consumption reduction and overall
“We appreciate Triumph’s renewed focus and energy in support of
Partnering for Success, Boeing’s collaborative program to reduce cost
and improve efficiency in our supply chain,” said Brian Baird, Boeing
Commercial Airplanes vice president, Aircraft Materials & Structures,
Supplier Management. “Meeting these shared objectives advances our
longstanding relationship with Triumph and strengthens Boeing’s position
to win in the marketplace, enabling sales and work for Boeing and our
extended supply chain.”
Triumph Integrated Systems’ Fluid Power and Actuation operating
companies (located in Yakima, Washington; Clemmons, North Carolina; and
Valencia, California) will extend deliveries of pumps, actuators,
accumulators, fuses and assemblies for the various Boeing programs. In
addition, Integrated Systems’ Mechanical Solutions operating company
will provide cable and wire rope assemblies for these Boeing programs.
Earlier this year Triumph and Boeing signed a memorandum of agreement
supporting the expansion of Triumph’s role as an integrated systems and
services supplier for Boeing’s growth platforms within their commercial
airplane and defense programs and global services market.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170725006169/en/
Source: Triumph Group, Inc.
Triumph Group, Inc.
Sheila G. Spagnolo,