Associated tags: Sale, International, Triumph, Triumph Group, BSCI, NYSE, TGI
Locations: CONNECTICUT, PARIS, UK, NY, PENNSYLVANIA, NORTHROP, TEXAS
RADNOR, Pa., Feb. 5, 2024 /PRNewswire/ -- Triumph Group, Inc. (TRIUMPH) (NYSE: TGI) announces the establishment of a state-of-the-art Thermal Solutions Development Center located in the existing TRIUMPH Systems Electronics and Controls business in West Hartford, Connecticut.
Key Points:
- RADNOR, Pa., Feb. 5, 2024 /PRNewswire/ -- Triumph Group, Inc. (TRIUMPH) (NYSE: TGI) announces the establishment of a state-of-the-art Thermal Solutions Development Center located in the existing TRIUMPH Systems Electronics and Controls business in West Hartford, Connecticut.
- The opening of the Thermal Solutions Development Center is further evidence of TRIUMPH expanding on their already extensive thermal capabilities.
- "TRIUMPH is excited to announce the opening of our new Thermal Solutions Development Center, a key milestone in the development of our industry leading thermal capabilities.
- "We are increasingly engaged with the development of new thermal system solutions with key customers and partners such as Lockheed Martin, Northrop Grumman, Sikorsky, Bell, and General Atomics."
RADNOR, Pa., Jan. 22, 2024 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) will release third quarter fiscal year 2024 earnings on February 7, 2024, and will host a conference call that day at 8:30 a.m. ET. A slide presentation will be included with the audio portion of the webcast.
Key Points:
- Live Webcast scheduled for 8:30 AM ET on February 7, 2024
RADNOR, Pa., Jan. 22, 2024 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) will release third quarter fiscal year 2024 earnings on February 7, 2024, and will host a conference call that day at 8:30 a.m.
- ET.
- A slide presentation will be included with the audio portion of the webcast.
- TRIUMPH, headquartered in Radnor, Pennsylvania, designs, develops, manufactures, repairs and overhauls a broad portfolio of aerospace and defense systems, subsystems and components.
Retrieved on:
Wednesday, January 17, 2024
RADNOR, Pa. , Jan. 17, 2024 /PRNewswire/ -- Triumph Group, Inc. (TRIUMPH) [NYSE:TGI] today announced that its Product Support business in Grand Prairie, Texas recently received multiple environmental awards from the City of Grand Prairie.
Key Points:
- RADNOR, Pa. , Jan. 17, 2024 /PRNewswire/ -- Triumph Group, Inc. (TRIUMPH) [NYSE:TGI] today announced that its Product Support business in Grand Prairie, Texas recently received multiple environmental awards from the City of Grand Prairie.
- TRIUMPH received the 2022-2023 Pretreatment 100% Compliance Award, an award that acknowledges their compliance with the city's wastewater pretreatment and environmental requirements.
- Along with receiving the 2022-2023 award, TRIUMPH was recognized for their achievement for winning the Pretreatment 100% Compliance Award for the last five years.
- "These awards are just one example of the dedication we have to improving our overall environmental standards in the Dallas-Fort Worth area," said Jim Berberet, President of TRIUMPH Product Support.
Retrieved on:
Thursday, December 21, 2023
Slate,
AIR,
Goldman Sachs,
MRO,
OEM,
LLP,
Combat support,
Interiors,
Control,
TGI,
Adjustment,
IP,
Electronics,
AAR,
Triumph Group RADNOR, Pa., Dec. 21, 2023 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") announced today that it has entered into a definitive agreement with AAR CORP. (NYSE: AIR) to sell its Product Support business. The transaction is valued at $725 million, representing a 14.5x trailing 12 months Adjusted EBITDAP multiple as of September 30, 2023. The primary intended use of proceeds from the transaction is debt reduction. The net after-tax proceeds are expected to be approximately $700 million, resulting in pro forma net leverage of approximately 4.0x net debt to Adjusted EBITDAP as of March 2024.
Key Points:
- RADNOR, Pa., Dec. 21, 2023 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") announced today that it has entered into a definitive agreement with AAR CORP. (NYSE: AIR) to sell its Product Support business.
- The Product Support business is an industry leader in the Maintenance, Repair and Overhaul (MRO) of structures and airframe and engine accessories, servicing both the commercial and military aftermarkets across five primary locations.
- This transaction creates a win-win-win arrangement between TRIUMPH, AAR, and our customers by enabling TRIUMPH to greatly accelerate our deleveraging progress while placing our third-party Product Support business with a market-leading MRO company that has a proven track record of customer support" said Dan Crowley, TRIUMPH's chairman, president, and chief executive officer.
- Goldman Sachs is acting as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel on the transaction to TRIUMPH.
Retrieved on:
Thursday, December 21, 2023
Workforce,
AIR,
MRO,
DER,
Triumph Group,
Acquisition,
WOOD,
Latham & Watkins,
Triumph,
BofA Securities,
Combat support,
Original equipment manufacturer,
Bank of America,
Wells Fargo,
TGI,
Growth,
Aviation,
PMA,
AAR Triumph Product Support is a leading global provider of specialized maintenance, repair, and overhaul capabilities for critical aircraft components in the commercial and defense markets.
Key Points:
- Triumph Product Support is a leading global provider of specialized maintenance, repair, and overhaul capabilities for critical aircraft components in the commercial and defense markets.
- The company provides MRO services for structural components, engine and airframe accessories, interior refurbishment, and wheels and brakes.
- Triumph Product Support services both the commercial and military aftermarkets across five primary locations with a highly skilled workforce of over 700 employees.
- "Today we are very excited to announce the execution of an agreement with Triumph to acquire its Product Support business.
Retrieved on:
Thursday, November 2, 2023
NYSE,
Control,
Auxiliary power unit,
Honeywell Aerospace,
Honeywell,
Aviation,
Triumph Group,
Electronic control unit,
TGI,
ECU,
APU,
Apus,
Maintenance (technical),
Electronics RADNOR, Pa., Nov. 2, 2023 /PRNewswire/ -- Triumph Group, Inc. (TRIUMPH) [NYSE:TGI today announced that its Systems, Electronics and Controls business has been selected by Honeywell Aerospace to provide the next-generation, engine-mounted Electronic Control Unit (ECU) for future Auxiliary Power Unit (APU) models for both commercial and non-commercial aircraft.
Key Points:
- RADNOR, Pa., Nov. 2, 2023 /PRNewswire/ -- Triumph Group, Inc. (TRIUMPH) [NYSE:TGI today announced that its Systems, Electronics and Controls business has been selected by Honeywell Aerospace to provide the next-generation, engine-mounted Electronic Control Unit (ECU) for future Auxiliary Power Unit (APU) models for both commercial and non-commercial aircraft.
- Utilizing proprietary technology, TRIUMPH's team of experienced control engineers are designing and manufacturing an ECU for Honeywell's next generation APU with cutting-edge processors which meet the latest cybersecurity requirements.
- "We are excited to further our relationship with Honeywell and provide an industry-leading processor design for their in-service and future APUs."
- TRIUMPH, headquartered in Radnor, Pennsylvania, designs, develops, manufactures, repairs, and overhauls a broad portfolio of aerospace and defense systems and components.
Aviation,
Honeywell Aerospace,
HTF7000,
F124,
Honeywell,
Triumph Group,
NYSE,
Control,
Maintenance,
T55,
TGI,
Jet fuel,
Maintenance (technical),
Electronics RADNOR, Pa., Oct. 27, 2023 /PRNewswire/ -- Triumph Group, Inc. (TRIUMPH) [NYSE: TGI] and Honeywell Aerospace signed a long term agreement across multiple Honeywell engine platforms.
Key Points:
- RADNOR, Pa., Oct. 27, 2023 /PRNewswire/ -- Triumph Group, Inc. (TRIUMPH) [NYSE: TGI] and Honeywell Aerospace signed a long term agreement across multiple Honeywell engine platforms.
- The contract includes TRIUMPH manufacturing and maintenance of boost pumps, electronic control units, and hydro-mechanical fuel controls for T55 helicopter engines along with the main fuel pumps for F124 fighter/trainer engine and HTF7000 business jet engines.
- "Expanding our relationship with Honeywell through this agreement reaffirms TRIUMPH's position as a leading provider for fuel controls and pumps on military and commercial platforms," said Justin Wolfanger, President of 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.
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Thursday, October 19, 2023
RADNOR, Pa., Oct. 19, 2023 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) will release second quarter fiscal year 2024 earnings on November 7, 2023, and will host a conference call that day at 8:30 a.m. ET. A slide presentation will be included with the audio portion of the webcast.
Key Points:
- Live Webcast scheduled for 8:30 AM ET on November 7, 2023
RADNOR, Pa., Oct. 19, 2023 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) will release second quarter fiscal year 2024 earnings on November 7, 2023, and will host a conference call that day at 8:30 a.m.
- ET.
- A slide presentation will be included with the audio portion of the webcast.
- TRIUMPH, headquartered in Radnor, Pennsylvania, designs, develops, manufactures, repairs and overhauls a broad portfolio of aerospace and defense systems, subsystems and components.
Retrieved on:
Monday, September 11, 2023
RADNOR, Pa., Sept. 11, 2023 /PRNewswire/ -- Triumph Group, Inc. ("TRIUMPH" or the "Company") (NYSE:TGI) will host its Investor Day on Wednesday, September 13, 2023.
Key Points:
- RADNOR, Pa., Sept. 11, 2023 /PRNewswire/ -- Triumph Group, Inc. ("TRIUMPH" or the "Company") (NYSE:TGI) will host its Investor Day on Wednesday, September 13, 2023.
- Presentations by the TRIUMPH's management team will begin at 8:30 a.m. Eastern Time and the event will showcase TRIUMPH's key products and business leaders who will provide valuable insights into their operating strategies and plans to accelerate the future at TRIUMPH.
- In-person attendance for the event is by invitation only.
- For institutional investors interested in attending the Investor Day, please contact [email protected] or [email protected] .
RADNOR, Pa., July 12, 2023 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) will release first quarter fiscal year 2024 earnings on August 2, 2023, and will host a conference call that day at 8:30 a.m. ET. A slide presentation will be included with the audio portion of the webcast.
Key Points:
- Live Webcast scheduled for 8:30 AM ET on August 2, 2023
RADNOR, Pa., July 12, 2023 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) will release first quarter fiscal year 2024 earnings on August 2, 2023, and will host a conference call that day at 8:30 a.m.
- ET.
- A slide presentation will be included with the audio portion of the webcast.
- TRIUMPH, headquartered in Radnor, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerospace and defense systems, subsystems and components.
