STOCK TITAN

TRIUMPH AND MOOG ENTER INTO 787 MRO AGREEMENT

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Triumph Group and Moog Inc. have signed a four-year agreement to provide maintenance, repair, and overhaul (MRO) services for Boeing 787 landing gear and cargo door actuation systems. This collaboration will leverage Triumph's position as the OEM manufacturer, with services taking place at Triumph's facilities in Yakima, Washington, and Clemmons, North Carolina. The partnership aims to enhance life cycle support for 787 operators and is expected to be a precursor to further collaborations.

Positive
  • Four-year MRO agreement with Moog for Boeing 787 systems.
  • Strengthens Triumph's role as an OEM and service provider.
  • Positioned for potential future contracts with Moog.
Negative
  • None.

BERWYN, Pa., July 19, 2022 /PRNewswire/ -- Triumph Group, Inc., (TRIUMPH) [NYSE:TGI] and Moog Inc. have entered into a four-year agreement to provide maintenance, repair and overhaul (MRO) solutions for Boeing 787 landing gear and cargo door actuation control systems through Moog's Aftermarket Total Support Program (MTS) for an Asia Pacific operator. This work will be performed at TRIUMPH Actuation Products and Services hydraulic actuation centers of excellence in Yakima, Washington and Clemmons, North Carolina.  

TRIUMPH is uniquely positioned as the OEM manufacturer of these 787 actuation products to provide the highest level of technical and customer MRO support.

"As an industry leader for landing gear and cargo door control systems, we look forward to working with Moog to establish a new benchmark for best-in-class life cycle support to 787 operators," said Mike Boland, President of TRIUMPH Actuation Products and Services. "We expect our collaboration on this contract with Moog to be the first of many as we continue to seek new and innovative ways to support our customers."

"MTS has provided industry leading component pooling, maintenance and technical support for over a decade to airlines globally for all large commercial aircraft platforms. The addition of TRIUMPH products into this program provides a broader integrated service to 787 operators with seamless OEM support. Moog is excited to collaborate with TRIUMPH as we continue to expand our service offerings," said Mark Brooks, Group Vice President for Commercial Aircraft Aftermarket.

Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog's high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. Additional information about the company can be found at www.moog.com. For more information on Moog's Total Support Program, visit https://www.moog.com/markets/aircraft/commercial-aircraft/MoogTotalSupport.html.

TRIUMPH, headquartered in Berwyn, Pennsylvania, designs, engineers, 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.

Cision View original content:https://www.prnewswire.com/news-releases/triumph-and-moog-enter-into-787-mro-agreement-301588542.html

SOURCE Triumph Group

FAQ

What is the significance of Triumph Group's agreement with Moog?

The agreement allows Triumph to provide MRO services for Boeing 787 systems, enhancing support for operators.

How long is the contract between Triumph Group and Moog?

The contract is for a duration of four years.

Where will the MRO services be performed for Triumph's contract with Moog?

The services will be conducted at Triumph's facilities in Yakima, Washington, and Clemmons, North Carolina.

What systems are included in the Triumph and Moog MRO agreement?

The agreement covers maintenance, repair, and overhaul of Boeing 787 landing gear and cargo door actuation systems.

What potential does the Moog partnership hold for Triumph Group?

The partnership may lead to additional contracts and collaborations, enhancing Triumph's market position.

Triumph Group, Inc.

NYSE:TGI

TGI Rankings

TGI Latest News

TGI Stock Data

1.36B
75.69M
2.14%
104.57%
9.62%
Aerospace & Defense
Aircraft & Parts
Link
United States of America
RADNOR