BERWYN, Pa.--(BUSINESS WIRE)--Mar. 31, 2017--
Triumph Group, Inc. (NYSE:TGI) was selected by Harbin Hafei Airbus
Composite Manufacturing Centre Company Ltd. (HHACMC) to supply composite
parts for the Airbus A350 XWB aircraft. Triumph Precision Components’
Composites Center of Excellence site in Thailand will produce the
composite details for the rudder, which will be assembled at HHACMC in
The contract, valued at approximately $26M, covers the delivery of 700
shipsets of rudder component kits over the next 5–7 years for the A350
XWB program. Triumph leveraged recent investments in its Thailand
facility to increase capability and expand capacity to position itself
to win and execute this new agreement.
“We are pleased to enter into a new customer relationship with HHACMC,”
said Ronald Vuz, president of Composites Center of Excellence site in
Thailand. “Our focus on performance, coupled with our demonstrated
ability to obtain the necessary qualifications and transfer work on
schedule, provided us with this opportunity to further demonstrate our
capability to produce complex composite aerostructures.”
This agreement allows Triumph to help meet the strong demand for
services in the burgeoning Asian aerospace market. The Asia-Pacific
region is expected to lead the market for new aircraft over the next 20
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.
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Source: Triumph Group, Inc.
Triumph Group, Inc.
Director – Communications
Vice President – Tax & Investor Relations