Triumph Receives Extended Contract For Boeing Ground Support Operations

Rhea-AI Summary

Triumph Group (NYSE: TGI) announced a two-year contract extension with Boeing for ground support equipment (GSE) operations in San Antonio, Texas. This contract ensures maintenance and support services for military and commercial aircraft, enhancing their operational readiness. Triumph has been maintaining Boeing's GSE since 2004 and oversees over 5,600 equipment inspections annually, boasting an industry-leading in-commission rate. This extension builds upon a prior agreement from 2017 and supports Triumph's commitment to deliver essential services through June 2022.

Positive

• Two-year contract extension with Boeing for maintenance and support services.
• Enhances operational readiness of military and commercial aircraft.
• More than 5,600 equipment inspections performed annually.
• Industry-leading equipment in-commission rate.

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• None.

BERWYN, Pa., Oct. 14, 2020 /PRNewswire/ -- Triumph Group (NYSE: TGI) announced that its Triumph Systems & Support business received a two-year contract extension from Boeing for their ground support equipment (GSE) operation in San Antonio, Texas. Under the contract, Triumph will provide maintenance and support services for military and commercial aircraft at its Product Support - San Antonio site to ensure reliability and availability of critical equipment needed to service aircraft on ground through June 2022.

"Our services improve the operational readiness of both military and commercial aircraft, helping Boeing and its customers meet flight demands," said Jim Berberet, President of Triumph Product Support.  "We provide customers with exceptional service on multiple platforms, and we are pleased to support Boeing's GSE operations over the coming years."

Triumph's ISO 9001:2015-certified San Antonio facility has maintained Boeing's GSE since 2004, and this contract is an extension of a 2017 agreement between the two companies.  

Triumph oversees more than 5,600 equipment inspections each year and boasts an industry leading equipment in-commission rate (ICR).  Triumph's performance enables the readiness of Boeing's GSE by providing essential on-time delivery when an aircraft needs service.

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:http://www.prnewswire.com/news-releases/triumph-receives-extended-contract-for-boeing-ground-support-operations-301152585.html

SOURCE Triumph Group

FAQ

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

Triumph Group announced a two-year contract extension from Boeing for ground support equipment operations.

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

The contract allows Triumph to continue providing maintenance and support services for military and commercial aircraft, enhancing operational readiness.

When does the Triumph Group contract with Boeing expire?

The contract is set to last until June 2022.

How long has Triumph Group been supporting Boeing's ground support equipment?

Triumph has been maintaining Boeing's GSE since 2004.

What is Triumph Group's industry-leading performance metric?

Triumph oversees over 5,600 equipment inspections annually and has an industry-leading in-commission rate.