TRIUMPH EXTENDS F-35 SUSTAINMENT AGREEMENT WITH LOCKHEED MARTIN
Triumph Group, Inc. (NYSE: TGI) has extended its repair and technical support agreement with Lockheed Martin for the F-35 Joint Strike Fighter program. The company's Actuation Products & Services business in Clemmons, North Carolina, will provide engineering and material support for the next five years. TRIUMPH has been supplying Hydraulic Utility Actuation Valves (HUAV) for the F-35 since 2014 and began providing aftermarket parts for military depot operations in 2021. This extension showcases TRIUMPH's technical capability in high-demand depot settings, particularly at MCAS Cherry Point.
The agreement reflects TRIUMPH's growing presence in the military aftermarket. As a market leader in hydraulic power generation and actuation, TRIUMPH aims to provide exceptional service to Lockheed Martin and its customers. The company operates six manufacturing sites across North America and Europe, serving the global aviation industry with a broad portfolio of aerospace and defense systems and components.
Triumph Group, Inc. (NYSE: TGI) ha rinnovato il suo accordo di riparazione e supporto tecnico con Lockheed Martin per il programma del F-35 Joint Strike Fighter. L'azienda Actuation Products & Services, situata a Clemmons, Carolina del Nord, fornirà supporto ingegneristico e materiali per i prossimi cinque anni. TRIUMPH fornisce valvole di attuazione idraulica (HUAV) per l'F-35 dal 2014 e ha iniziato a fornire parti di ricambio per le operazioni nei depositi militari nel 2021. Questa estensione mette in evidenza la capacità tecnica di TRIUMPH in contesti di deposito ad alta domanda, in particolare presso il MCAS Cherry Point.
L'accordo riflette la crescente presenza di TRIUMPH nel mercato militare delle parti di ricambio. Come leader di mercato nella generazione di energia idraulica e attuazione, TRIUMPH mira a fornire un servizio eccezionale a Lockheed Martin e ai suoi clienti. L'azienda opera in sei siti di produzione in Nord America e in Europa, servendo l'industria aviatica globale con un ampio portafoglio di sistemi e componenti aerospaziali e di difesa.
Triumph Group, Inc. (NYSE: TGI) ha ampliado su acuerdo de reparación y soporte técnico con Lockheed Martin para el programa del F-35 Joint Strike Fighter. La división de Actuation Products & Services en Clemmons, Carolina del Norte, proporcionará soporte de ingeniería y material durante los próximos cinco años. TRIUMPH ha estado suministrando Válvulas de Actuación de Utilidad Hidráulica (HUAV) para el F-35 desde 2014 y comenzó a ofrecer piezas de repuesto para operaciones de depósitos militares en 2021. Esta extensión destaca la capacidad técnica de TRIUMPH en entornos de depósito de alta demanda, particularmente en MCAS Cherry Point.
El acuerdo refleja la creciente presencia de TRIUMPH en el mercado militar de piezas de repuesto. Como líder del mercado en generación de energía hidráulica y actuation, TRIUMPH tiene como objetivo proporcionar un servicio excepcional a Lockheed Martin y a sus clientes. La empresa opera en seis sitios de fabricación en América del Norte y Europa, sirviendo a la industria de la aviación global con un amplio portafolio de sistemas y componentes aeroespaciales y de defensa.
트라이엄프 그룹 주식회사(NYSE: TGI)는 F-35 Joint Strike Fighter 프로그램에 대해 록히드 마틴과의 수리 및 기술 지원 계약을 연장했습니다. 노스캐롤라이나주 클레몬스에 위치한 회사의 작동 제품 및 서비스 사업부는 향후 5년 동안 엔지니어링 및 자재 지원을 제공할 것입니다. 트라이엄프는 2014년부터 F-35에 대한 수압 유틸리티 작동 밸브(HUAV)를 공급해왔으며, 2021년부터 군용 창고 운영을 위한 애프터마켓 부품 공급을 시작했습니다. 이번 계약 연장은 특히 MCAS 체리 포인트에서 수요가 높은 창고 환경에서의 트라이엄프의 기술 역량을 보여줍니다.
이 계약은 트라이엄프의 군용 애프터마켓 분야에서의 증가하는 존재감을 반영합니다. 수압 발전 및 작동 분야의 시장 리더인 트라이엄프는 록히드 마틴과 그 고객에게 뛰어난 서비스를 제공하는 것을 목표로 하고 있습니다. 이 회사는 북미와 유럽 전역에 6개의 제조 시설을 운영하며, 광범위한 항공 우주 및 방위 시스템 및 구성 요소 포트폴리오로 전 세계 항공 산업에 서비스를 제공하고 있습니다.
Triumph Group, Inc. (NYSE: TGI) a étendu son accord de réparation et de support technique avec Lockheed Martin pour le programme F-35 Joint Strike Fighter. L'entreprise Actuation Products & Services située à Clemmons, en Caroline du Nord, fournira un soutien technique et matériel pendant les cinq prochaines années. TRIUMPH fournit des vannes d'actionnement utilitaires hydrauliques (HUAV) pour le F-35 depuis 2014 et a commencé à fournir des pièces de rechange pour les opérations de dépôt militaire en 2021. Cette extension met en avant les capacités techniques de TRIUMPH dans des environnements de dépôt à forte demande, en particulier au MCAS Cherry Point.
L'accord reflète la présence croissante de TRIUMPH sur le marché militaire des pièces de rechange. En tant que leader du marché en génération d'énergie hydraulique et actionnement, TRIUMPH vise à fournir un service exceptionnel à Lockheed Martin et à ses clients. L'entreprise opère sur six sites de fabrication en Amérique du Nord et en Europe, servant l'industrie aéronautique mondiale avec un large portefeuille de systèmes et de composants aérospatiaux et de défense.
Die Triumph Group, Inc. (NYSE: TGI) hat ihr Reparatur- und technische Unterstützungsabkommen mit Lockheed Martin für das F-35 Joint Strike Fighter Programm verlängert. Das Unternehmen Actuation Products & Services in Clemmons, North Carolina, wird über die nächsten fünf Jahre Engineering- und Materialunterstützung bereitstellen. TRIUMPH liefert seit 2014 hydraulische Betriebsventile (HUAV) für die F-35 und begann 2021 mit der Bereitstellung von Aftermarketteilen für militärische Depotbetriebe. Diese Verlängerung unterstreicht die technische Kompetenz von TRIUMPH in stark nachgefragten Depotumgebungen, insbesondere am MCAS Cherry Point.
Das Abkommen spiegelt die wachsende Präsenz von TRIUMPH im militärischen Aftermarket wider. Als Marktführer in der hydraulischen Energieerzeugung und Betätigung strebt TRIUMPH an, Lockheed Martin und dessen Kunden einen außergewöhnlichen Service zu bieten. Das Unternehmen betreibt sechs Produktionsstätten in Nordamerika und Europa und bedient die globale Luftfahrtindustrie mit einem breiten Portfolio an Luft- und Raumfahrt- und Verteidigungssystemen und -komponenten.
- Extended repair and technical support agreement with Lockheed Martin for F-35 program
- Five-year contract for engineering and material support
- Expanding presence in military aftermarket
- Continued partnership with major defense contractor Lockheed Martin
- None.
Insights
The extension of TRIUMPH's repair and technical support agreement with Lockheed Martin for the F-35 program is a positive development for the company. This 5-year contract solidifies TRIUMPH's position in the military aftermarket sector, a high-value segment in aerospace. The agreement's focus on sustainment efforts at MCAS Cherry Point indicates a strategic expansion of TRIUMPH's services beyond initial equipment supply.
While specific financial details are not disclosed, long-term military contracts typically provide stable revenue streams and enhance a company's market position. This extension could potentially lead to increased order volumes and improved profit margins as TRIUMPH leverages its expertise in hydraulic power generation and actuation systems. Investors should view this as a positive indicator for TRIUMPH's future growth prospects in the defense sector.
The extension of TRIUMPH's agreement with Lockheed Martin for F-35 sustainment is strategically significant. The F-35 program is one of the largest defense initiatives globally, with a projected lifecycle of several decades. By securing this extension, TRIUMPH positions itself for long-term participation in a major defense program.
The focus on fleet readiness support is crucial, as it addresses a critical need in military aviation. With increasing pressure on defense budgets, there's a growing emphasis on extending the service life of existing platforms. TRIUMPH's involvement in depot-level maintenance at MCAS Cherry Point could lead to additional opportunities across other military bases and potentially with other defense contractors. This agreement strengthens TRIUMPH's competitive advantage in the lucrative military sustainment market.
TRIUMPH has provided original equipment and aftermarket Hydraulic Utility Actuation Valves (HUAV) for the F-35 program since 2014. The company began working with Lockheed Martin to provide HUAV aftermarket parts for military depot operations in 2021. The engineering and logistics agreement in support of sustainment efforts at MCAS Cherry Point will further showcase TRIUMPH's technical capability in high demand depot settings.
"TRIUMPH's support to the F-35 program, Lockheed Martin, and the warfighters and maintainers who expect and demand fleet readiness is a reflection of our growing military aftermarket presence," said Natasha Trudeau,
TRIUMPH Actuation Products & Services is a leading provider of integrated solutions in design, development, manufacture and support of complex hydraulic, electro-mechanical and mechanical actuation components and subsystems and landing gear systems for the aerospace and defense industry. Our Actuation Products & Services business services customers around the world with six manufacturing sites across
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SOURCE Triumph Group
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