STOCK TITAN

TRIUMPH AWARDED POWER PACKS CONTRACT FOR 777 FREIGHTER CONVERSION FROM MAMMOTH FREIGHTERS

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

Triumph Group [NYSE:TGI] has been selected to supply Hydraulic Power Pack Units for Mammoth Freighters' 777 Freighter Conversion Program. This partnership highlights Triumph's expertise in providing cost-effective hydraulic solutions, specifically designed at their Clemmons, North Carolina facility. With the growing demand for passenger-to-freighter modifications, Triumph aims to support Mammoth’s development of energy-efficient freight aircraft. Additionally, Triumph Actuation Products & Services offers a wide range of aerospace products and services, underscoring their role in the aviation industry.

Positive
  • Selected for a key contract in Mammoth Freighters' conversion program.
  • Strong demand for passenger-to-freighter modifications indicates market growth.
  • Expertise in hydraulic systems enhances competitive positioning.
Negative
  • None.

BERWYN, Pa. , March 16, 2022 /PRNewswire/ -- Triumph Group [NYSE:TGI] announced that its Actuation Products & Services operating company was selected to supply Hydraulic Power Pack Units on Mammoth Freighters' 777 Freighter Conversion Program. Designed, qualified, and manufactured at its Clemmons, North Carolina facility, Triumph leveraged its extensive experience and large portfolio of products to offer a cost-effective solution that uniquely fulfills Mammoth's cargo door power generation needs.

"Triumph is well positioned to support Mammoth Freighters' mission of developing a line of energy-efficient and productive long range freight conversion aircrafts," said Scott Ledbetter, President of Triumph Actuation Products & Services.  "The demand for passenger-to-freighter modifications is at record levels, and Triumph's experience in producing the hydraulic power packs used in this type of conversion was a key factor in Mammoth selecting us as their hydraulic partner."

Triumph's Actuation Products & Services provides design, manufacturing and MRO services for products and systems including hydraulic pumps and motors, actuators, fuses, accumulators, valves and manifolds, and carrier launched aircraft holdback bars. Triumph Actuation Products & Services maintains a unique capability for systems engineering and integration, as well as hydromechanical and electronics in-house development. It also serves as the integration focal for Triumph, specializing in motion, control, and power systems for commercial, military and rotorcraft aircraft.

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.

Cision View original content:https://www.prnewswire.com/news-releases/triumph-awarded-power-packs-contract-for-777-freighter-conversion-from-mammoth-freighters-301504302.html

SOURCE Triumph Group

FAQ

What contract was Triumph Group awarded on March 16, 2022?

Triumph Group was awarded a contract to supply Hydraulic Power Pack Units for Mammoth Freighters' 777 Freighter Conversion Program.

What is the significance of Triumph Group's contract with Mammoth Freighters?

The contract underscores Triumph's extensive experience and capability in providing hydraulic solutions for aircraft conversions, responding to the growing market demand.

Where are Triumph Group's Hydraulic Power Pack Units manufactured?

The Hydraulic Power Pack Units are designed and manufactured at Triumph Group's facility in Clemmons, North Carolina.

What does Triumph Actuation Products & Services specialize in?

Triumph Actuation Products & Services specializes in design, manufacturing, and MRO services for hydraulic systems and components used in aerospace applications.

How does the demand for freight conversion aircraft affect Triumph Group?

The rising demand for passenger-to-freighter conversions positions Triumph Group favorably to capture market share and drive revenue growth.

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