Triumph Group Awarded Ten Year Contract With Rolls-Royce

Rhea-AI Summary

On November 8, 2021, Triumph Group [NYSE:TGI] announced a significant 10-year contract extension with Rolls-Royce. This contract will enable Triumph to manufacture, assemble, and test complex gearboxes and gears for various Rolls-Royce engine programs, serving both commercial and military sectors. Triumph's facilities in Park City, Utah, and Macomb, Michigan will support these operations, continuing a partnership that has lasted over 25 years. This extension reflects Triumph's strong relationship with Rolls-Royce and its role as a leading independent aerospace gear provider.

Positive

• 10-year contract extension with Rolls-Royce enhances stability and revenue outlook.
• Long-standing partnership of over 25 years indicates reliability and trust.
• Expansion of manufacturing capabilities in Utah and Michigan promotes growth.

Negative

• None.

BERWYN, Pa., Nov. 8, 2021 /PRNewswire/ -- Triumph Group [NYSE:TGI] announced today that Rolls-Royce awarded a 10-year contract extension to its Triumph Geared Solutions operating company. Under the new contract, Triumph will manufacture, assemble, and test complex gear boxes and loose gears on a wide variety of programs to support Rolls-Royce's portfolio of engines on fixed wing and rotary platforms, spanning commercial and military applications.

With this award, Triumph's facilities in Park City, Utah and Macomb, Michigan will support multiple legacy and growth Rolls-Royce product lines. Both Triumph locations have been a service provider to Rolls-Royce for over 25 years, on mature and new engines. 

"Triumph has maintained a strong relationship with Rolls-Royce over the years and we are excited to continue our support with geared products over the next decade," said Bill Kircher, Executive Vice President of Triumph Systems and Support. "We are proud of the confidence Rolls-Royce has in Triumph and expect our long-term partnership to pave the way for mutual success."

Triumph Geared Solutions, the largest independent aerospace gear and gear box provider, supplies complex geared solutions including design, development, manufacture and support of complete transmission and gearbox assemblies as well as complex gears and housings. 

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-group-awarded-ten-year-contract-with-rolls-royce-301419066.html

SOURCE Triumph Group

FAQ

What is the significance of Triumph Group's contract with Rolls-Royce?

The contract extends a 10-year partnership, allowing Triumph to manufacture essential gear systems for Rolls-Royce's engine programs.

Which locations will Triumph Group utilize for the Rolls-Royce contract?

Triumph will utilize its facilities in Park City, Utah, and Macomb, Michigan, for manufacturing and testing gearboxes.

How long has Triumph Group been partnered with Rolls-Royce?

Triumph Group has maintained a partnership with Rolls-Royce for over 25 years.

What kind of products will Triumph Group provide under the contract?

Triumph will provide complex gearboxes and loose gears for both commercial and military applications.

What impact does the contract have on Triumph Group's business outlook?

The contract provides a stable revenue stream and signifies strong confidence from Rolls-Royce in Triumph's capabilities.