Triumph Group Stock Price, News & Analysis

On October 27, 2022, Triumph Group (NYSE: TGI) announced a significant agreement with Lockheed Martin to manufacture the brake valve assembly for the F-16 Fighting Falcon aircraft. This production will take place at Triumph's facility located in Valencia, California. Triumph's Actuation Products & Services division will continue its role as the OEM, providing essential hardware and operational support for the global fleet of F-16 aircraft, which are known for their mission capabilities.

Triumph Group (NYSE: TGI) will release its second quarter fiscal year 2023 earnings on November 8, 2022, at 8:30 AM ET. A live conference call will be held, with a slide presentation accompanying the audio. The company designs, engineers, manufactures, repairs, and overhauls aerospace and defense systems, serving global aviation clients including military and commercial operators. A replay of the call will be available for 90 days post-broadcast. More information can be found on Triumph's website.

Triumph Group (TGI) has formed a strategic partnership with Sanad to provide engine accessory Maintenance Repair and Overhaul (MRO) services for V2500 engines at Triumph's Texas facility. This collaboration aims to establish the first Centre of Excellence for engine accessory repairs in Abu Dhabi by 2024, enhancing the UAE's aviation MRO capabilities. The agreement was signed during the Global Manufacturing & Industrialisation Summit in Pittsburgh, reflecting ambitions to foster industrial growth and technological transformation within the region. The services will cater to various engine types across the Middle East and beyond.

Triumph Group, Inc. (NYSE:TGI) has appointed Cynthia M. Egnotovich as an independent director, effective September 22, 2022. This expands the board to nine directors, with eight being independent. Egnotovich brings extensive experience from her prior role as President of Aerospace Systems Customer Service at United Technologies Corporation and positions at Goodrich Corporation. Her expertise is expected to enhance the Board's ability to drive value for shareholders as Triumph focuses on profitable growth.

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.

Triumph Group (TGI) has announced a contract extension with Airbus for its Product Support business in Chonburi, Thailand, allowing the continuation of repair services for Airbus Proprietary Parts. Since 2015, Triumph has provided OEM repairs for various Airbus aircraft in the APAC region. The renewed terms will enhance collaboration between engineering teams for both new and existing repairs. This extension also supports repairs for Next Generation aircraft, improving lead times for Asian customers.

Triumph Group announced a ten-year contract with Diehl Aviation to manufacture fluid flow controls for passenger aircraft like the Airbus A320 and A330. This partnership builds on over a decade of collaboration and is set to enhance the existing relationship between the two companies. Triumph's Actuation Products and Services division specializes in complex systems for aerospace and defense, with multiple manufacturing sites in North America and Europe. The agreement signifies Triumph's commitment to providing industry-leading products and support in the aviation market.

On August 3, 2022, Triumph Group (TGI) announced its financial results for Q1 FY2023, revealing net sales of $349.4 million and a net loss of $10.3 million or $0.16 per share. Adjusted net income stood at $7.5 million or $0.12 per diluted share. The company anticipates FY2023 net sales around $1.3 billion, with GAAP EPS guidance of $1.51 to $1.71, and adjusted EPS between $0.28 and $0.48. Cash flow used in operations is projected to be between ($30.0 million) and ($40.0 million).

Triumph Group (NYSE:TGI) has secured a five-year extension of its maintenance, repair, and overhaul agreement for the C and D variants of the F/A-18 Hornet Airframe Mounted Accessory Drive gearboxes (AMAD) with NAVSUP. This work will be conducted at Triumph's gearbox center of excellence in Park City, Utah, enhancing operational reliability. Triumph Geared Solutions is recognized as a major supplier to the U.S. Navy.

Triumph is a leading designer and manufacturer of complex aerospace gear solutions, poised to support military applications into the future.