TRIUMPH RECEIVES CONTRACT FROM BOEING FOR WIRE CONTROL CABLES

Rhea-AI Summary

Triumph Group, Inc. (TGI) has secured a contract with Boeing to supply hundreds of wire control cable variations for the 737 MAX, 767, 777, and 777X programs. This contract includes manufacturing and life cycle support for these components, which will be executed at Triumph's Shelbyville, Indiana facility. Triumph has a longstanding relationship with Boeing, providing wire control cables since 2003 and now aims to enhance value over the contract's duration.

Positive

• Awarded a significant contract by Boeing for wire control cables, impacting multiple aircraft models.
• Strengthens long-term partnership with Boeing, having supplied cables since 2003.
• Manufacturing will occur at Triumph's facility in Shelbyville, Indiana, indicating regional operational support.

Negative

• None.

BERWYN, Pa. and FARNBOROUGH, England, July 18, 2022 /PRNewswire/ -- Triumph Group, Inc. (TRIUMPH) [NYSE:TGI] announced that its Actuation Products and Services business has been awarded a contract from Boeing. The contract spans hundreds of variations of wire control cables used on the Boeing 737 MAX, 767, 777 and 777X programs. TRIUMPH will provide manufacturing, and life cycle support for these highly engineered mechanical components. The work under this agreement will be performed at TRIUMPH's Shelbyville, Indiana facility.    

"We are proud to be selected as the provider for Boeing's wire control cable requirements. We will continue to deliver enhanced value to Boeing over the life of the contract," said Mike Boland, President of Triumph Actuation Product and Services.

TRIUMPH is a leading provider of mechanical and electro-mechanical control cables for commercial, military, and industrial platforms applications and has been providing wire control cables to Boeing since 2003.

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.

View original content:https://www.prnewswire.com/news-releases/triumph-receives-contract-from-boeing-for-wire-control-cables-301587891.html

SOURCE Triumph Group

FAQ

What contract did Triumph Group, Inc. receive from Boeing?

Triumph Group, Inc. was awarded a contract to supply wire control cables for the Boeing 737 MAX, 767, 777, and 777X programs.

Where will the manufacturing for the Boeing contract take place?

The manufacturing will take place at Triumph's facility in Shelbyville, Indiana.

When was the contract with Boeing announced?

The contract was announced on July 18, 2022.

What is the significance of Triumph's contract with Boeing for TGI stock?

The contract indicates a continued relationship with Boeing, potentially boosting revenue and enhancing shareholder value for Triumph Group, Inc. (TGI).