BERWYN, Pa.--(BUSINESS WIRE)--May 30, 2017--
Triumph Group, Inc. (NYSE:TGI) announced they have been selected by
Boeing to support the V-22 Osprey Multiyear 3 contract, once approved.
The contract is expected to be negotiated before the end of 2017 between
Bell Boeing and the U.S. Navy. The agreement extends the statement of
work Triumph currently has on the V-22 Multiyear 2 contract, and also
reinstates work that was previously awarded to Triumph in the first
multiyear order, but was not renewed for the second.
Triumph’s Aerospace Structures site in Red Oak, Texas, and its Precision
Components site in Milledgeville, Georgia, will extend deliveries of
empennage, elevator, ramp extensions, ramp mounted weapons system floor
boards, main landing gear doors and sponsons for the V-22 through 2024
in support of the third multiyear order. Triumph will also manufacture
cargo ramps and doors included in the renewed statement of work.
“We are pleased to extend our partnership with Boeing as they negotiate
another multiyear contract for the V-22 program,” said Dan Crowley,
Triumph’s president and CEO. “We continue to win work on important
military programs, and we are winning back work thanks to the
investments made to improve efficiency, quality and schedule in our
manufacturing process. Customers are taking notice, and we are
strengthening our relationships with OEM partners like Boeing.”
Triumph deliveries in support of the Multiyear 3 contract will begin in
2019 and extend through 2024.
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