TRIUMPH AWARDED NEW CONTRACT ON AIRBUS A220 PRIMARY THERMAL ACOUSTIC SYSTEM

Rhea-AI Summary

Triumph Group announced a new contract with Airbus to design and manufacture thermal acoustic insulation for the Airbus Canada A220 aircraft. Triumph Interiors, a leading provider of insulation systems, will support the project's lifecycle from its Mexicali, Mexico facility. This contract highlights Triumph's innovative and cost-effective approach, positioning them for further opportunities with Airbus on other platforms. The A220, a single aisle aircraft, shows promise for future sales growth, enhancing Triumph's market position as a supplier for major aerospace OEMs.

Positive

• Secured a contract with Airbus for A220 insulation, indicating trust in Triumph's capabilities.
• Strengthening relationship with Airbus opens potential for additional contracts on other projects.
• The A220 aircraft has significant potential for future sales growth.

Negative

• None.

BERWYN, Pa., Feb. 7, 2022 /PRNewswire/ -- Triumph Group [NYSE:TGI] announced today that its Triumph Interiors operating company has been awarded a new contract with Airbus to design, manufacture and provide full program  lifecycle support on the primary thermal acoustic insulation system for the Airbus Canada A220 aircraft. Triumph's global engineering team will provide design solutions while manufacturing and program support will take place at the Triumph Interiors site in Mexicali, Mexico.

"As a global market leader in commercial transport insulation systems, Triumph's proposal provided an innovative, collaborative solution to optimizing the thermal-acoustic insulation system throughout the life-cycle of the aircraft, creating an efficient and cost-effective solution for Airbus and A220 operators." said Howard Sanderson, General Manager of Triumph Interiors.

"This competitive win with Airbus is testament to the comprehensive value Triumph Interiors is able to deliver to primary insulation solutions on commercial platforms." said Ian Reason, President of Triumph Interiors.  "The A220 is a single aisle aircraft with significant potential for many more years of sales growth. I am delighted that Triumph has been selected as the best value provider and look forward to competing for further Airbus content on other platforms to grow our relationship."

Triumph Interiors is a market leader in integrated design and manufacturing of thermo-acoustic insulation, environmental control system ducting, thermoplastic, and other aircraft interior and composite components for major aerospace OEMs, with facilities located around the globe.

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:https://www.prnewswire.com/news-releases/triumph-awarded-new-contract-on-airbus-a220-primary-thermal-acoustic-system-301476859.html

SOURCE Triumph Group

FAQ

What new contract did Triumph Group secure with Airbus on February 7, 2022?

Triumph Group was awarded a contract to design and manufacture the primary thermal acoustic insulation system for the Airbus Canada A220.

Where will Triumph manufacture the insulation system for the Airbus A220?

Manufacturing and program support for the A220 insulation system will take place at Triumph Interiors in Mexicali, Mexico.

What does Triumph Interiors specialize in?

Triumph Interiors specializes in integrated design and manufacturing of thermo-acoustic insulation, environmental control system ducting, and other aircraft interior components.

Why is the Airbus A220 contract significant for Triumph Group?

The contract is significant as it enhances Triumph's market position and may lead to further opportunities with Airbus on additional platforms.

How does Triumph Group position itself in the aerospace industry?

Triumph Group is a leading provider in the design, engineering, and manufacturing of aerospace and defense systems, serving both military and commercial operators.