BERWYN, Pa.--(BUSINESS WIRE)--May 22, 2017--
Triumph Group, Inc. (NYSE:TGI) today announced the signing of a
new memorandum of agreement (MOA) with Boeing (NYSE:BA). The MOA
supports Triumph’s participation in Boeing’s growth platforms within
their commercial aircraft, defense programs, and global services market.
This expands Triumph’s traditional roles in aerospace structures and
precision components into the areas of integrated systems and services.
“Boeing is a very important customer, our largest, and we are pleased to
expand our relationship with them through the delivery of high quality
advanced structures, systems, precision components and MRO support,”
said Dan Crowley, Triumph president and CEO. “Building on improved
schedule and quality performance on Boeing programs, this announcement
reflects both companies’ commitment to ‘Partnering for Success.’ It also
reflects our strengthening OEM relationships, in which we are
increasingly viewed as a valued partner across our entire range of
“We value Triumph’s support on key Boeing programs and look forward to
expanding our collaboration to increase productivity, reduce cost and
enhance the value of Boeing products and services,” said Boeing
Partnering for Success leader Karl Jeppesen. “By working together more
closely, we help our customers and one another succeed in an
increasingly competitive market.”
Under the MOA, the companies will identify new areas where each of
Triumph’s four business units can add value on Boeing’s commercial and
military aircraft programs, including the development of a long-term
partnership on MRO work that will assist in the growth of the Boeing
Global Services business.
Triumph Group, Inc. headquartered in Berwyn, Pa., designs, engineers,
manufactures, repairs and overhauls a broad portfolio of aircraft
structures, components, accessories, and systems. The company serves a
broad spectrum of the global 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.
Sheila G. Spagnolo,