TRIUMPH RECEIVES CONTRACT EXTENSION FOR 787 CARGO DOOR ACTUATION SYSTEM
Triumph Group [NYSE:TGI] has announced a contract extension with a major European aerostructures provider for the supply of the Boeing 787 Cargo Door Actuation System, developed at its Clemmons, North Carolina facility.
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Rhea-AI Summary
Triumph Group [NYSE:TGI] has announced a contract extension with a major European aerostructures provider for the supply of the Boeing 787 Cargo Door Actuation System, developed at its Clemmons, North Carolina facility. This product enhances Triumph's portfolio of cargo door and utility actuation systems used in transport aircraft. Scott Ledbetter, President, emphasized the system's reliability and integration. Triumph Actuation Products & Services specializes in complex hydraulic systems for the aerospace and defense sectors, with facilities across the U.S.
Positive
- Contract extension enhances revenue stability.
- Strengthening position in the aerospace sector with a focus on Boeing 787.
- Continued investment in product development and integration.
Negative
- None.
Details
News Market Reaction – TGI
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BERWYN, Pa., March 31, 2022 /PRNewswire/ -- Triumph Group [NYSE:TGI] announced that its Actuation Products & Services facility located in Clemmons, North Carolina has extended a contract with a major European aerostructures provider to supply a Boeing 787 Cargo Door Actuation System. Designed, integrated, qualified, and manufactured by Triumph, this product line complements a growing portfolio of cargo door and utility actuation systems used on many transport aircraft in service today.
"This system is an excellent example of the utility hydraulic power generation and actuation capabilities of Triumph," said Scott Ledbetter, President of Triumph Actuation Products & Services. "We strive to provide highly integrated, safe, and reliable system solutions to our customers."
Triumph Actuation Products & Services is a leader in the design, development, manufacture and support of complex hydraulic systems and equipment for the aerospace and defense industry. Products include actuators, uplocks, pumps, motors, reservoirs, and control valves for commercial and military aircraft. Actuation Products & Services operating company has operations in Clemmons, North Carolina, Valencia, California and Redmond and Yakima, Washington.
Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerospace and defense systems, components and structures. 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-receives-contract-extension-for-787-cargo-door-actuation-system-301514989.html
SOURCE Triumph Group
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