Triumph Group Stock Price, News & Analysis

Triumph Group (NYSE:TGI) appointed Craig Cooper as Vice President of Integrated Supply Chain and Operations, effective immediately. Cooper, who has been with Triumph since 2016, previously held leadership roles focusing on supply chain efficiency and strategic initiatives. His expertise is expected to enhance Triumph’s operations, quality, and engineering functions, especially as the company prepares for post-COVID production increases. Chairman Daniel Crowley expressed confidence in Cooper's skills to lead during this critical time.

Triumph Group has secured a production contract extension with Boeing Commercial Airplanes for hydraulic and actuation equipment for the Boeing 737 MAX, 777, 777X, and 767 aircraft. This extension includes components for landing gear actuation, steering, and brake systems. The manufacturing will take place at Triumph's facilities in Clemmons, North Carolina, and Yakima, Washington. Triumph's ongoing collaboration with Boeing reflects its commitment to delivering high-quality aircraft as the industry recovers from the impacts of Covid-19.

Triumph Group has secured a two-year contract with Calidus Aerospace to design, develop, and manufacture the throttle quadrant assembly for the B-250 aircraft. This marks Triumph's first collaboration with Calidus, a UAE-based manufacturer. The B-250 is designed for asymmetric warfare and adapts to challenging environments. The partnership aims to enhance the aircraft's powerplant control performance and operational capabilities, potentially paving the way for future business opportunities.

Triumph Group (TGI) reported Q2 FY2022 results, revealing net sales of $357.4 million and a net loss of $9.1 million ($0.14 per share). Adjusted earnings stood at $6.4 million ($0.10 per share). The operating margin improved to 5%, with an adjusted operating margin of 8%. Triumph's backlog increased by 5% to $1.94 billion, driven by strong commercial narrow-body platform orders. The company anticipates full-year net sales between $1.5 billion and $1.6 billion, with adjusted EPS guidance raised to $0.68 - $0.88, indicating operational progress and a positive outlook for the remaining fiscal year.

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.

Triumph Group, NYSE:TGI, has secured a long-term contract with Boeing for manufacturing air distribution systems and composite cockpit assemblies for the 777X, alongside thermal-acoustic insulation for the 737 MAX, 767 Freighter, KC-46, and P-8 Poseidon. This contract significantly boosts Triumph's backlog and represents a major portion of its Interiors business sales. The partnership reflects Triumph's commitment to quality and innovation, enhancing its ability to pursue future business opportunities.

Triumph Group and Air France Industries KLM Engineering & Maintenance have launched a joint venture named xCelle Americas, aimed at providing maintenance, repair, and overhaul services for new generation aircraft nacelles. Located at Triumph's Hot Springs facility, the JV will service Boeing 787, Boeing 737MAX, Airbus A320neo, and Airbus A350 aircraft across North and South America. This partnership enhances AFI KLM E&M's capabilities in the region and positions Triumph strategically in the nacelle business, ultimately supporting key airline customers.

Triumph Group (NYSE: TGI) is set to release its second quarter fiscal year 2022 earnings on November 9, 2021, at 8:30 a.m. ET. A conference call will accompany the earnings report, which will include a slide presentation available via webcast. Triumph Group, based in Berwyn, Pennsylvania, specializes in the design, engineering, and manufacturing of aerospace and defense systems, catering to both military and commercial aircraft operators.

Triumph Group (NYSE: TGI) has secured a contract with Sine Draco Aviation Technology to design and manufacture the main deck cargo door lift actuator and hydraulic power pack for the A321-200 SDF passenger-to-freighter conversion. This collaboration marks Triumph's first project with Sine Draco, highlighting its expertise in cargo door actuation. The North Carolina facility plays a key role in developing hydraulic systems for the aerospace sector, enhancing Triumph's position in the growing demand for freight services.