TRIUMPH AWARDED PRODUCTION SUPPLY AGREEMENTS WITH BOEING COMMERCIAL

Rhea-AI Summary

Triumph Group has secured a production contract extension with Boeing Commercial Airplanes for hydraulic and actuation equipment for the Boeing 737 MAX, 777, 777X, and 767 aircraft. This extension includes components for landing gear actuation, steering, and brake systems. The manufacturing will take place at Triumph's facilities in Clemmons, North Carolina, and Yakima, Washington. Triumph's ongoing collaboration with Boeing reflects its commitment to delivering high-quality aircraft as the industry recovers from the impacts of Covid-19.

Positive

• Secured contract extension with Boeing, ensuring continued revenue.
• Manufacturing activities support recovery of the aerospace industry post-Covid-19.
• Long-standing partnership with Boeing enhances business stability.

Negative

• None.

BERWYN, Pa., Dec. 16, 2021 /PRNewswire/ -- Triumph Group [NYSE:TGI] announced today that it has been awarded a production contract extension with Boeing Commercial Airplanes to continue the manufacture and delivery of hydraulic and actuation equipment for Boeing 737 MAX, 777, 777X, and 767 airplanes.  The contract extension includes key equipment and components used in the landing gear actuation, nose wheel steering, engine cowl door opening, brake, hydraulic and slat control systems.  This work will be performed at Triumph's Actuation Products & Services facilities in Clemmons, North Carolina, and Yakima, Washington. 

"Triumph has a long-standing relationship with Boeing and this contract extension demonstrates our continued commitment to work together both today, as the industry recovers from the impacts of Covid-19, and in the future to ensure the highest quality, highest performing aircraft are delivered to Boeing customers," said Daniel Crowley, Chairman, President and CEO of Triumph Group.

Triumph Actuation Products & Services is a leader in design, development, manufacture and support of complex hydraulic systems and equipment for the aerospace and defense industry. Products include actuators, pumps, motors, reservoirs, and control valves for commercial and military aircraft. Triumph Actuation Products & Services operating company has operations in Clemmons, North Carolina, Valenica, California and Redmond and Yakima, Washington.

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-production-supply-agreements-with-boeing-commercial-301446825.html

SOURCE Triumph Group

FAQ

What is the recent contract extension Triumph Group received from Boeing?

Triumph Group was awarded a production contract extension to manufacture hydraulic and actuation equipment for Boeing 737 MAX, 777, 777X, and 767 aircraft.

When was the Triumph Group contract extension with Boeing announced?

The contract extension was announced on December 16, 2021.

Which facilities will Triumph Group utilize for the Boeing contract?

Manufacturing will take place at Triumph's facilities in Clemmons, North Carolina, and Yakima, Washington.

What components are included in Triumph Group's contract with Boeing?

The contract includes components for landing gear actuation, nose wheel steering, engine cowl door opening, brake, hydraulic, and slat control systems.

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

The contract extension ensures continued revenue from a major client, Boeing, and reflects Triumph's commitment to quality in the aerospace sector.