TRIUMPH AWARDED DOOR ACTUATION CONTRACT FROM AIRBUS

Rhea-AI Summary

Triumph Group, Inc. (NYSE:TGI) announced a multi-year contract with Airbus to provide A220 On Wing Emergency Exit Door (OWEED) control cables. This contract enhances their long-term partnership and will be executed in Shelbyville, Indiana. Mike Boland, President of Triumph's Actuation Products & Services, emphasized their commitment to supporting valued customers through this contract extension. Triumph is recognized for its expertise in the design and manufacture of complex systems for the aerospace and defense sector, operating ten manufacturing sites across North America and Europe. The company continues to serve the global aviation market effectively.

Positive

• Awarded a multi-year contract with Airbus for A220 OWEED control cables, enhancing long-term partnership.
• Strengthens Triumph's position in the aerospace and defense sector.

Negative

• None.

BERWYN, Pa., Jan. 25, 2023 /PRNewswire/ -- Triumph Group, Inc. (TRIUMPH) [NYSE:TGI] announced that its Actuation Products and Services business has been awarded a contract from Airbus to provide A220 On Wing Emergency Exit Door (OWEED) control cables. The multi-year contract will be performed in Shelbyville, Indiana. 

"Building upon our long-term relationship with Airbus and providing support throughout the product lifecycle, this award is a testament to our continued commitment to servicing our valued customers," said Mike Boland, President of TRIUMPH Actuation Products & Services. "The OWEED cable is just one of the many solutions TRIUMPH provides to Airbus and we are delighted to further strengthen our relationship with this contract extension." 

TRIUMPH Actuation Products & Services is a leader in design, development, manufacture and support of complex electro-hydraulic and mechanical systems and equipment for the aerospace and defense industry. Products include actuators, pumps, motors, reservoirs, control valves and a wide range of mechanical controls for commercial and military aircraft. Our Actuation Products & Services business services customers around the world with ten manufacturing sites across North America and Europe.

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.

View original content:https://www.prnewswire.com/news-releases/triumph-awarded-door-actuation-contract-from-airbus-301729823.html

SOURCE Triumph Group

FAQ

What is the recent contract awarded to Triumph Group from Airbus about?

Triumph Group has been awarded a contract to provide A220 On Wing Emergency Exit Door control cables.

When was the contract between Triumph Group and Airbus announced?

The contract was announced on January 25, 2023.

Where will Triumph Group perform the services for Airbus?

The services will be performed in Shelbyville, Indiana.

What is the stock symbol for Triumph Group?

The stock symbol for Triumph Group is TGI.