TRIUMPH ACTUATION DELIVERS RECORD SHIPMENTS

Rhea-AI Summary

Triumph Group (NYSE: TGI) has achieved record aftermarket shipments of over $28M in its fiscal year to date, supporting Boeing 787 and Airbus A380 landing gear overhaul activities. The company designs and services complete landing gear hydraulic actuation systems for both aircraft models.

As early B787 production units reach their 12-year service mark, mandatory heavy landing gear overhaul requirements are triggering increased demand. Over 500 aircraft are expected to undergo landing gear maintenance in the next 5 years. The company is also benefiting from expanded A380 platform usage due to increasing commercial air traffic.

TRIUMPH anticipates continued growth driven by these higher-margin aftermarket work packages and rising Boeing 787 OEM ramp rates. The company has invested in additional MRO capacity to support customer landing gear maintenance cycles.

Positive

• Record aftermarket shipments exceeding $28M in fiscal year to date
• Expected maintenance demand for over 500 B787 aircraft in next 5 years
• Higher-margin aftermarket work packages driving growth
• Increased demand from A380 platform usage
• Rising Boeing 787 OEM ramp rates

Negative

• None.

RADNOR, Pa., Jan. 24, 2025 /PRNewswire/ -- Triumph Group, Inc. (TRIUMPH) [NYSE: TGI] Actuation Products and Services business delivered over $28M in aftermarket shipments in its Fiscal Year to date in support of Boeing 787 and Airbus A380 Landing Gear overhaul activity, the highest level achieved to date. TRIUMPH designed, provides, and services the entire landing gear hydraulic actuation suite for both the B787 and A380 aircraft. TRIUMPH's Boeing 787 landing gear system includes nose wheel steering, extend and retract actuation, truss bracing, truck positioning, uplocks, door actuation, control valves and a ground service panel.

As early production units of the Boeing 787 fleet reach 12 years in service, demand for mandatory heavy landing gear overhaul requirements is triggered. Over 500 aircraft are expected to be inducted over the next 5 years for landing gear maintenance. The expanded use of the A380 platform in support of increasing commercial air traffic also benefitted TRIUMPH's aftermarket sales, particularly for wing landing gear and body landing gear actuation components.   

"TRIUMPH has supported the B787 and A380 programs since program launch and is now reaping the benefit of strong aftermarket demand as these platforms enter their heavy maintenance cycles. These are significant, higher margin, aftermarket work packages which are critical to our customers' needs and support TRIUMPH's growth plans. Our investments in additional MRO capacity and capabilities will ensure that TRIUMPH and its partners support our customers' landing gear maintenance cycle. We expect continued growth over the coming years on top of rising Boeing 787 OEM ramp rates," said Natasha Trudeau, TRIUMPH APS President.

TRIUMPH, headquartered in Radnor, 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/triumph-actuation-delivers-record-shipments-302359941.html

SOURCE Triumph Group

FAQ

What is the value of Triumph Group's (TGI) record aftermarket shipments in FY2025?

Triumph Group delivered over $28M in aftermarket shipments in its Fiscal Year to date, supporting Boeing 787 and Airbus A380 landing gear overhaul activity.

How many Boeing 787 aircraft will need landing gear maintenance according to TGI?

Over 500 Boeing 787 aircraft are expected to be inducted for landing gear maintenance over the next 5 years.

What triggers the mandatory landing gear overhaul for Boeing 787 according to TGI?

The mandatory heavy landing gear overhaul requirements are triggered when Boeing 787 production units reach 12 years in service.

What components does TGI provide for the Boeing 787 landing gear system?

TGI provides nose wheel steering, extend and retract actuation, truss bracing, truck positioning, uplocks, door actuation, control valves, and a ground service panel for the Boeing 787 landing gear system.

How is the A380 platform contributing to TGI's aftermarket sales?

Expanded use of the A380 platform due to increasing commercial air traffic is benefiting TGI's aftermarket sales, particularly for wing landing gear and body landing gear actuation components.