Triumph Group, Inc. (NYSE:TGI) today announced that its subsidiary, Triumph Aerostructures-Vought Aircraft Division, has been selected by Airbus to furnish the wing reinforcement kit that allows for the installation of Sharklets on the Airbus A319 and A320 in-service aircraft. The kit consists of multiple subassemblies and components that reinforce the wing for the Sharklet loads. The multi-year contract is worth over $160.0 million. Production will be done at the company’s Nashville, Tennessee facility, with first delivery expected early 2015.
Jeffry D. Frisby, Triumph’s President and Chief Executive Officer, said, “This is a significant win for Triumph, strengthening our long-term relationship with Airbus. With more than three thousand A319 and A320 in-service aircraft eligible for the retrofit and strong operator demand, the outlook for the program is solid. We look forward to working with Airbus and the operators in supporting this retrofit program.”
Triumph Aerostructures-Vought Aircraft Division designs, tests and manufactures aerostructures for commercial, military and business jet aircraft. Products include fuselage sections, wings, empennages, nacelle structures and helicopter cabins.
Source: Triumph Group, Inc.
Date: May 7, 2014