Triumph Awarded First and Second LRIP, Spares Contract for Sikorsky CH-53K

Rhea-AI Summary

On January 28, 2021, Triumph Group (NYSE: TGI) announced it has secured a low-rate initial production (LRIP) order from Sikorsky for the CH-53K King Stallion rotorcraft. This contract includes LRIP 1 and 2 deliverables for the U.S. Marine Corps, aimed to replace the CH-53E Super Stallion. Triumph will provide systems designed for extreme environments, enhancing the helicopter's efficiency. Deliveries will continue throughout 2021, with work conducted at Triumph's facilities in Redmond, Washington, and Valencia, California.

Positive

• Secured LRIP order from Sikorsky for the CH-53K King Stallion, indicating strong business growth.
• Contract includes continued partnership with Sikorsky, enhancing long-term revenue potential.
• Demonstrated expertise in systems integration supports the contract's success.

Negative

• None.

BERWYN, Pa., Jan. 28, 2021 /PRNewswire/ -- Triumph Group (NYSE: TGI) announced that its Systems & Support business has finalized a low-rate initial production (LRIP) order from Sikorsky for the CH-53K King Stallion rotorcraft. The contract consists of LRIP 1 and 2 deliverables, including spares, for the U.S. Marine Corps next generation heavy-lift platform that is being produced to replace the CH-53E Super Stallion.

"LRIP is a critical milestone for any new platform, and we are pleased Sikorsky has chosen Triumph Group to support the innovative CH-53K from development to production and through the entire aircraft life cycle," said William Kircher, Executive Vice President of Triumph Systems and Support. "We take great pride in our demonstrated expertise in systems integration and the development of complex hydraulic systems and components. We are confident our solutions will help improve the efficiency of this next-generation cargo helicopter and look forward to strengthening our long-term partnership with Sikorsky through this contract."

According to the contract Triumph will provide the blade fold actuation and dampening systems for the CH-53K.  These systems were designed and qualified for the extreme environment required by the U.S. Marine Corps.  LRIP 1 and 2 deliveries for the program will run through 2021. Work in support of the contract is being performed at the Triumph Systems & Support facilities in Redmond, Washington and Valencia, California.

Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerospace and defense systems, components and structures. 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:http://www.prnewswire.com/news-releases/triumph-awarded-first-and-second-lrip-spares-contract-for-sikorsky-ch-53k-301217701.html

SOURCE Triumph Group

FAQ

What is the significance of Triumph Group's recent LRIP contract with Sikorsky?

The LRIP contract is significant as it marks a critical milestone in the development of the CH-53K King Stallion rotorcraft, with Triumph Group responsible for key systems.

When will the deliveries for the CH-53K rotorcraft commence?

Deliveries for LRIP 1 and 2 of the CH-53K rotorcraft will run through 2021.

What systems will Triumph Group provide for the CH-53K rotorcraft?

Triumph Group will provide blade fold actuation and dampening systems designed for extreme environments.

Where is the work for the CH-53K contract being performed?

The work related to the CH-53K contract is performed at Triumph's facilities in Redmond, Washington, and Valencia, California.

How does the LRIP contract impact Triumph Group's business?

The LRIP contract enhances Triumph Group's business growth potential and solidifies a long-term partnership with Sikorsky.