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Triumph Group, Inc. completed its acquisition by Warburg Pincus and Berkshire Partners and became an independent privately held aerospace and defense supplier after trading on the NYSE under TGI. The company designs, develops, manufactures, repairs and provides spare parts for engineered systems, subsystems and proprietary components used by original equipment manufacturers and military and commercial aircraft operators.
Recurring company developments include corporate-status changes, operating and financial results, aerospace manufacturing partnerships, and defense program work. Reported subjects include OEM and aftermarket applications, Systems, Electronics and Controls activities, additive manufacturing qualification for manned-aircraft components, and support for the M777 Lightweight Howitzer platform.
Triumph Group announced the appointment of Tom Blakely as Chief Technology Officer, effective immediately. Reporting to Nick Drazic, Blakely brings over four decades of experience in military and commercial aircraft development. He will lead Triumph's Innovation and Technology Council and manage R&D efforts across the company's 36 factories. His previous roles include Deputy Head of Engineering at Mitsubishi Heavy Industries and extensive experience at Lockheed Martin. This strategic hire aims to enhance Triumph's focus on proprietary components and services for military and commercial platforms.
Triumph Group [NYSE: TGI] has secured a five-year contract from Bell Textron for the supply of mechanical flight controls for various commercial helicopter models including the Bell 429, 412, and 407. This contract is an indefinite delivery/indefinite quantity (ID/IQ) award starting this year. The work will be conducted at Triumph's facilities in North Wales, Pennsylvania, and Shelbyville, Indiana, through 2024. Triumph aims to maintain its strong supplier relationship with Bell, enhancing its position in the aerospace sector and exploring growth opportunities in additional markets.
Triumph Group, Inc. (NYSE:TGI) announced that its Grand Prairie, Texas facility has achieved AS9110 certification for aerospace maintenance, repair, and overhaul (MRO) management systems. This certification confirms compliance with FAA and EASA regulations, indicating Triumph's commitment to safety and product quality. The Grand Prairie site is one of six certified Triumph facilities, enhancing the company’s ability to provide comprehensive repair and overhaul support for various aircraft accessories. Triumph operates 14 repair stations catering to military and commercial clients.