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TRIUMPH AWARDED WATER TANK SYSTEMS CONTRACT FROM DIEHL AVIATION

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Triumph Group announced a ten-year contract with Diehl Aviation to manufacture fluid flow controls for passenger aircraft like the Airbus A320 and A330. This partnership builds on over a decade of collaboration and is set to enhance the existing relationship between the two companies. Triumph's Actuation Products and Services division specializes in complex systems for aerospace and defense, with multiple manufacturing sites in North America and Europe. The agreement signifies Triumph's commitment to providing industry-leading products and support in the aviation market.

Positive
  • Awarded a ten-year contract which ensures stable revenue from Diehl Aviation.
  • Strengthened partnership with a long-standing client, enhancing market credibility.
  • Involvement in manufacturing components for popular aircraft models like the Airbus A320 and A330.
Negative
  • None.

BERWYN, Pa., Aug. 31, 2022 /PRNewswire/ -- Triumph Group, Inc. (TRIUMPH) [NYSE:TGI] announced that its Actuation Products and Services business has been awarded a ten year contract from Diehl Aviation to manufacture fluid flow controls. These components are used on board passenger aircraft such as the Airbus A320 and A330. TRIUMPH has performed this work at their location in Heiligenhaus, Germany facility since 2008.

"Having supported Diehl Aviation for more than a decade, TRIUMPH is proud to announce we have elevated our partnership to the next level with this long-term agreement to supply fluid flow controls," said Mike Boland, President of TRIUMPH Actuation Products and Services. "This agreement strengthens the commitment and relationship between our two companies as we continue to provide industry-leading products and aftermarket support to the aviation market."

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.

About Diehl Aviation

Diehl Aviation is a division of Diehl Stiftung & Co. KG and combines all aviation activities of Diehl Group under one roof. In the aviation industry, Diehl Aviation is a leading system supplier of aircraft system and cabin solutions. Its clients include leading aircraft manufacturers Airbus, Boeing, Bombardier, Embraer, military partners, manufacturers of eVTOL aircraft as well as airlines and operators of commercial and business aircraft worldwide.

Cision View original content:https://www.prnewswire.com/news-releases/triumph-awarded-water-tank-systems-contract-from-diehl-aviation-301615498.html

SOURCE Triumph Group

FAQ

What is the significance of the Triumph Group and Diehl Aviation contract?

The ten-year contract signifies a strengthened partnership and stable revenue for Triumph Group's manufacturing of fluid flow controls.

When was the contract between Triumph Group and Diehl Aviation announced?

The contract was announced on August 31, 2022.

What components will Triumph Group manufacture for Diehl Aviation?

Triumph Group will manufacture fluid flow controls for passenger aircraft, specifically for models like the Airbus A320 and A330.

What does Triumph Group specialize in?

Triumph Group specializes in the design, development, manufacture, and support of complex electro-hydraulic and mechanical systems for the aerospace and defense industry.

What is Triumph Group's stock symbol?

Triumph Group's stock symbol is TGI.

Triumph Group, Inc.

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