TRIUMPH AWARDED F404 AUXILIARY GEARBOX FROM GE AEROSPACE
TRIUMPH Group, Inc. (NYSE:TGI) has secured a contract from GE Aerospace to provide the Auxiliary Gearbox for the F404 afterburning turbofan engine.
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Rhea-AI Summary
TRIUMPH Group, Inc. (NYSE:TGI) has secured a contract from GE Aerospace to provide the Auxiliary Gearbox for the F404 afterburning turbofan engine. This component has potential future applications in multiple platforms, including the T7-A, T-50, and TAI Hurjet. The work will be carried out at TRIUMPH's facility in Macomb, Michigan.
TRIUMPH, a long-standing partner of GE Aerospace, specializes in designing and manufacturing complex aerospace gearing components and integrated gearboxes for various aircraft applications. This sole-source award strengthens their partnership and supports GE Aerospace's engine applications for both legacy fleets and new aircraft.
Positive
- Secured contract for F404 Auxiliary Gearbox from GE Aerospace
- Potential for multiple platform applications (T7-A, T-50, TAI Hurjet)
- Strengthens long-standing partnership with GE Aerospace
- Sole-source award for both legacy fleet and new aircraft
Negative
- None.
Details
News Market Reaction – TGI
The recorded move for TGI in the trading session of this news was -2.23%.
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"TRIUMPH is a market leader in military and commercial gearboxes and has provided GE Aerospace with proprietary and build-to-print solutions across multiple applications for decades. This sole-source award to supply F404 auxiliary gearboxes to the legacy fleet and new aircraft is the latest chapter in a great legacy of our supporting GE Aerospace engine applications," said Pete Gibson, President of TRIUMPH Geared Solutions Business.
"We are thrilled to have TRIUMPH as a continued partner during this critical time for the F404 Product Line supporting Red Hawk, T50, and Hurjet Programs. Their close support on sub-tier supply chain execution instills GE's confidence in supplying our warfighter the products they need," says R. Young, F404 Sr. Product Manager.
TRIUMPH Geared Solutions specializes in the design and manufacture of commercial & defense complex aerospace gearing components, integrated gearboxes and housings for fixed wing, rotorcraft, aircraft engine and ground vehicle applications.
TRIUMPH, headquartered in Radnor,
GE Aerospace (NYSE: GE) is a global aerospace propulsion, services, and systems leader with an installed base of approximately 44,000 commercial and 26,000 military aircraft engines. With a global team of 52,000 employees building on more than a century of innovation and learning, GE Aerospace is committed to inventing the future of flight, lifting people up, and bringing them home safely.
View original content:https://www.prnewswire.com/news-releases/triumph-awarded-f404-auxiliary-gearbox-from-ge-aerospace-302198780.html
SOURCE Triumph Group
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