NAVSUP AWARDS TRIUMPH SPARE UNITS ON V-22 PLATFORM
Triumph Group has secured a contract with NAVSUP to supply Pylon Conversion Actuators (PCA) spare units for the V-22 Osprey, enhancing their long-standing partnership.
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Rhea-AI Summary
Triumph Group has secured a contract with NAVSUP to supply Pylon Conversion Actuators (PCA) spare units for the V-22 Osprey, enhancing their long-standing partnership. The PCA is essential for converting the V-22 from helicopter to airplane mode, showcasing Triumph's expertise in aerospace solutions. Manufacturing will take place at Triumph Geared Solutions in Park City, Utah, which is noted as the largest independent aerospace gear provider. This agreement solidifies Triumph's position in the aerospace and defense market, serving military and commercial aviation needs.
Positive
- Secured contract with NAVSUP for V-22 Osprey PCA units.
- Strengthens long-term partnership with NAVSUP.
- Manufacturing to occur at Triumph Geared Solutions, a leader in aerospace gears.
Negative
- None.
Details
News Market Reaction – TGI
The recorded move for TGI in the trading session of this news was -5.47%.
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BERWYN, Pa., Sept. 22, 2022 /PRNewswire/ -- Triumph Group, Inc., (TRIUMPH) (NYSE: TGI) and NAVSUP have entered into an agreement to provide Pylon Conversion Actuators (PCA) spare units for the V-22 Osprey, a U.S. Navy tiltrotor military aircraft. The V-22 Osprey combines the functionality of a helicopter and the long-range and speed of a turboprop aircraft. The units will be designed and manufactured at TRIUMPH Geared Solutions in Park City, Utah.
"TRIUMPH provides substantial content on the V-22 aircraft, including the PCA, a product that enables the aircraft to convert from helicopter to airplane mode," said Pete Gibson, President of TRIUMPH Geared Solutions. "We have a long-standing relationship with NAVSUP and look forward to growing this relationship over the coming years."
TRIUMPH Geared Solutions, the largest independent aerospace gear and gear box provider, supplies complex geared solutions including design, development, test, manufacture and support of complete transmission and gearbox assemblies as well as complex gears and housing.
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/navsup-awards-triumph-spare-units-on-v-22-platform-301630627.html
SOURCE Triumph Group
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