TRIUMPH EXTENDS AND EXPANDS BAES M777 HOWITZER PROGRAM ROLE

Rhea-AI Summary

Triumph Group [NYSE:TGI] has extended its strategic supplier agreement with BAE Systems and the US Army for the M777 Lightweight Howitzer program, focusing on critical spare Primer Feed Mechanism components. Since 2022, the company has delivered 2,365 units and currently has 938 units on order, including a recent additional order of 525 units.

The company's Systems, Electronics and Controls division specializes in designing, developing, manufacturing, repairing, and overhauling aviation and defense components, accessories, subassemblies, systems, and aircraft thermal management systems. They collaborate with original equipment manufacturers and operators of commercial, regional, and military aircraft worldwide.

Positive

• Secured extension of strategic supplier agreement with BAE Systems and US Army
• Strong order book with 938 units pending delivery
• Additional new order of 525 units received
• Demonstrated successful delivery track record with 2,365 units shipped since 2022

Negative

• None.

RADNOR, Pa., Feb. 24, 2025 /PRNewswire/ -- Triumph Group, Inc., (TRIUMPH) [NYSE:TGI] Systems, Electronics and Controls announced today it has extended its agreement as a strategic supplier to BAE Systems and the US Army in support of the M777 Lightweight Howitzer platform supplying critical spare Primer Feed Mechanism components. Since 2022, TRIUMPH has shipped 2,365 units and have 938 units on order including the more recent award of an additional 525 units.

"Our continuing partnership affirms TRIUMPH's commitment to delivering battle-proven solutions that enhance the performance and reliability of critical defense systems. Continuing our support for the Howitzer artillery platform, we remain dedicated to providing precision-engineered components that meet the highest standards of quality and durability for the warfighter," said Justin Wolfanger, President, TRIUMPH Systems, Electronics and Controls.

TRIUMPH Systems, Electronics and Controls designs, develops, manufactures, repairs, and overhauls a broad portfolio of aviation and defense components, accessories, subassemblies, systems, and aircraft thermal management systems.  We partner with original equipment manufacturers and operators of commercial, regional, and military aircraft worldwide to provide the products and services that solve the hardest of problems.

TRIUMPH, headquartered in Radnor, Pennsylvania, designs, 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.

View original content:https://www.prnewswire.com/news-releases/triumph-extends-and-expands-baes-m777-howitzer-program-role-302383876.html

SOURCE Triumph Group

FAQ

How many M777 Howitzer components has Triumph Group (TGI) delivered since 2022?

Triumph Group has delivered 2,365 Primer Feed Mechanism units for the M777 Howitzer program since 2022.

What is the current order backlog for TGI's M777 Howitzer components?

Triumph Group currently has 938 units on order, including a recent additional order of 525 units.

What components does Triumph Group (TGI) supply for the M777 Howitzer program?

Triumph Group supplies critical spare Primer Feed Mechanism components for the M777 Lightweight Howitzer platform.

Who are the main partners in TGI's M777 Howitzer program?

Triumph Group's main partners in the M777 Howitzer program are BAE Systems and the US Army.