BERWYN, Pa.--(BUSINESS WIRE)--
Triumph Group, Inc. (NYSE: TGI) was selected by Lockheed Martin to
supply key engine and structures components for the F-35 Lightning II
aircraft. Since the start of the year, Triumph's Precision Components
(TPC) business unit has received multiple contracts from the aircraft
manufacturer.
Under the contracts, Triumph will provide engine mounts, bulkheads,
longerons and wing ribs for the F-35 through 2021. The new contracts
mark the growing relationship between TPC and Lockheed Martin. Strong
performance in 2015 on similar statements of work led to the
consideration of TPC for the long-term agreements. Work Triumph provided
demonstrated the company's array of machining solutions and higher-level
assembly capability.
"Our ability to move quickly and satisfy delivery requirements enabled
us to showcase one of Triumph's great strengths: delivering flexible,
innovative solutions for our customers," said Rick Rosenjack, executive
vice president for Triumph Precision Components. "The F-35 program has
afforded us the opportunity to demonstrate that Triumph can compete on
higher-level subassemblies."
Triumph currently provides a number of structural components and systems
the on F-35 as well, such as hydraulic valves, the drag chute actuator
(for Norwegian F-35s), and the holdback bar for the F-35C.
The new contracts will contribute to organic growth for the company.
Delivering on customer commitments, becoming predictably profitable, and
driving organic growth are fundamental to the company's long-term
strategy.
Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs,
engineers, manufactures, repairs and overhauls a broad portfolio of
aerostructures, aircraft components, accessories, subassemblies and
systems. The company serves a broad, worldwide spectrum of the aviation
industry, including original equipment manufacturers of commercial,
regional, business and military aircraft and aircraft components, as
well as commercial and regional airlines and air cargo carriers.
More information about Triumph can be found on the company's website at http://www.triumphgroup.com.
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