HONEYWELL AND TRIUMPH SIGN LONG TERM AGREEMENT FOR MULTI-FLEET ENGINE CONTROLS AND FUEL COMPONENTS

Rhea-AI Summary

Triumph Group and Honeywell Aerospace have signed a long-term agreement for the manufacturing and maintenance of engine components. Triumph will provide boost pumps, electronic control units, and fuel controls for T55 helicopter engines, as well as main fuel pumps for F124 fighter/trainer engines and HTF7000 business jet engines. The work will be performed at Triumph's facility in West Hartford, Connecticut.

Positive

• Triumph Group has expanded its relationship with Honeywell Aerospace through a long-term agreement for engine components. This reaffirms Triumph's position as a leading provider for fuel controls and pumps on military and commercial platforms. The agreement is expected to positively impact Triumph's revenue and market position in the aerospace industry.

Negative

• None.

RADNOR, Pa., Oct. 27, 2023 /PRNewswire/ -- Triumph Group, Inc. (TRIUMPH) [NYSE: TGI] and Honeywell Aerospace signed a long term agreement across multiple Honeywell engine platforms. The contract includes TRIUMPH manufacturing and maintenance of boost pumps, electronic control units, and hydro-mechanical fuel controls for T55 helicopter engines along with the main fuel pumps for F124 fighter/trainer engine and HTF7000 business jet engines. This work is being performed at TRIUMPH's Systems, Electronics and Controls facility in West Hartford, Connecticut.

"Expanding our relationship with Honeywell through this agreement reaffirms TRIUMPH's position as a leading provider for fuel controls and pumps on military and commercial platforms," said Justin Wolfanger, President of TRIUMPH Systems, Electronics and Controls. "We look forward to providing these and other products over the course of the next five years as a Honeywell preferred partner." 

TRIUMPH Systems, Electronics and Controls designs, develops, manufactures, repairs, and overhauls a broad portfolio of aviation and defense components, accessories, subassemblies, systems, and aircraft thermal management systems. We partner with original equipment manufacturers and operators of commercial, regional, and military aircraft worldwide to provide the products and services that solve the hardest of problems. 

TRIUMPH, headquartered in Radnor, Pennsylvania, designs, develops, manufactures, repairs, and overhauls a broad portfolio of aerospace and defense systems and components. The company serves the global aviation industry, including original equipment manufacturers and the full spectrum of military and commercial aircraft operators.

More information about TRIUMPH can be found on the company's website at www.triumphgroup.com.

View original content:https://www.prnewswire.com/news-releases/honeywell-and-triumph-sign-long-term-agreement-for-multi-fleet-engine-controls-and-fuel-components-301970012.html

SOURCE Triumph Group

FAQ

What is the agreement between Triumph Group and Honeywell Aerospace?

The agreement is for the manufacturing and maintenance of engine components, including boost pumps, electronic control units, and fuel controls for T55 helicopter engines, as well as main fuel pumps for F124 fighter/trainer engines and HTF7000 business jet engines.

Where will the work be performed?

The work will be performed at Triumph's Systems, Electronics and Controls facility in West Hartford, Connecticut.

What does this agreement mean for Triumph Group?

This agreement expands Triumph's relationship with Honeywell Aerospace and reaffirms their position as a leading provider for fuel controls and pumps in the aerospace industry.