BERWYN, Pa.--(BUSINESS WIRE)--Apr. 10, 2017--
Triumph Group, Inc. (NYSE:TGI) will supply gun bodies for BAE
Systems’ M777 Howitzer in support of a recent contract with the U.S.
Department of Defense. The contract, valued at $15 million, was awarded
to Triumph’s Precision Components business unit for the gun body used in
the ultra-lightweight artillery weapon. Precision Components has a long
history of supporting the M777 platform, producing more than 1,000 gun
bodies for BAE.
“We are pleased to continue our staunch relationship with BAE in support
of the M777 Howitzer,” said Rick Rosenjack, executive vice president for
Triumph Precision Components, “and extend our support for the platform
as it expands operations in India.”
Triumph Precision Components will machine, weld and assemble the gun
body before shipping it to BAE for the cannon assembly. Deliveries will
take place over the next two and a half years. The gun bodies will
support the recent foreign military sale between the U.S. and Indian
governments and will be used to enhance border protection.
“With their focus on quality and on-time delivery as their top
priorities, we are pleased to welcome Triumph Precision Components back
to the production supply chain as we lean forward to deliver our
commitment on the M777 India program,” said Jimmy Dow, head of
procurement for BAE Systems.
The win marks the continued expansion into adjacent markets for Triumph
Precision Components. Last year the company announced a $48 million
contract with SNC-Lavalin for end fittings and shield plugs for the
nuclear pressure vessels as part of the Ontario Darlington Retube &
Feeder Replacement program.
Triumph Group, Inc., headquartered in Berwyn, Pa., 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
contract value or aggregate revenue. 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170410006200/en/
Source: Triumph Group, Inc.
Triumph Group, Inc.
Director – Communications
Vice President – Tax & Investor Relations