F-35 will serve as a cornerstone of global security and create jobs
across Texas and the U.S.
ARLINGTON, Texas--(BUSINESS WIRE)--Jul. 20, 2016--
Congressman Marc Veasey (TX-33) today joined employees, local elected
officials and community leaders at the Triumph Group, Inc. (NYSE:TGI)
Aerospace Structures facility to receive an update on the Lockheed
Martin (NYSE: LMT) F-35 Lightning II program and hear about the
program’s economic benefits to Texas and the U.S.
During his visit, Veasey "flew" the F-35 cockpit demonstrator to
experience firsthand how advanced stealth, fighter agility and
integrated information systems make the F-35 the most capable multi-role
fighter in the world. The cockpit is visually and audibly interactive
and provides a realistic look at the F-35’s performance, air-to-air and
air-to-ground capabilities, sophisticated sensor fusion and advanced
“I am proud of my strong record of support for the F-35 program and will
continue to work to ensure that our men and women in combat have the
capabilities they need to carry out their critically important
missions,” Veasey said. “Not only does the F-35 play an important role
in protecting national security, its production here in North Texas
brings thousands of good paying jobs to our region.”
Triumph Group, Inc., currently provides a number of structural
components and systems on the F-35, such as hydraulic valves, the drag
chute actuator (for Norwegian F-35s) and the holdback bar for the F-35C.
Last month, Lockheed Martin awarded Triumph’s Precision Components
business a contract to provide engine mounts, bulkheads, longerons and
wing ribs for the F-35 through 2021, marking a growing relationship
between the two companies.
"Triumph is proud to host the F-35 cockpit demonstrator and Congressman
Veasey in Arlington,” said Rick Rosenjack, executive vice president,
Precision Components. "We have a long history of serving the military
aircraft market, especially here in Texas. This is a great opportunity
for our employees to meet with an elected official who cares deeply
about this program and also see how our products play a key role in
helping today’s top fighter jet."
The development of the F-35 represents more than a decade of investment
that will yield huge returns for the Lone Star State in terms of
security, commerce and job creation.
“There are nearly 40,000 direct and indirect jobs tied to the F-35
program in Texas, and we are pleased to demonstrate how employees at
Triumph, are contributing to the F-35’s progress today,” said Eric Van
Camp, director of F-35 Business Development for Lockheed Martin. “We’re
also excited to showcase the superior performance capabilities of this
aircraft to the Triumph workforce, Congressman Veasey and North Texas
The F-35 program supports a broad industrial base of more than 1,250
suppliers in 45 states and Puerto Rico, contributing to more than
146,000 direct and indirect U.S. jobs and over $24 billion in annual
economic impact. In Texas, the F-35 program generates more than $3.4
billion annually for the state’s economy. There are 78 supplier
locations in Texas supporting the program, providing 38,900 direct and
The F-35 will replace a wide range of aging fighter and strike aircraft.
Three variants derived from a common design will ensure the F-35
provides air superiority well into the future while remaining affordable
for our nation.
Lockheed Martin is developing the F-35 in conjunction with its principal
partners, Northrop Grumman [NYSE: NOC], BAE Systems, and Pratt &
Whitney. Among the aircraft F-35 will replace are the A-10, AV-8B
Harrier, F-16, F/A-18, and the United Kingdom’s Harrier GR-7 and Sea
For additional information about Lockheed Martin and the F-35 Lightning
II program, visit our websites: https://f35.com/;
More information about Triumph can be found on the company’s website at http://www.triumphgroup.com.
About Triumph Group, Inc.
Triumph Group, Inc. designs, engineers, manufactures, repairs and
overhauls a broad portfolio of aerostructures, aircraft 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.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global
security and aerospace company that employs approximately 125,000 people
worldwide and is principally engaged in the research, design,
development, manufacture, integration and sustainment of advanced
technology systems, products and services. Media Contact: Alison
Orne, Lockheed Martin F-35 Media Relations +1-682-239-7102; firstname.lastname@example.org.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160720006539/en/
Source: Triumph Group, Inc.
Triumph Group, Inc.
Sheila G. Spagnolo, 610-251-1000