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Saturday, Oct 22, 2016

Triumph Group Announces Milestone Delivery on Embraer E-Jet E2 Program

Triumph Group, Inc. (NYSE: TGI) today announced that its subsidiary, Triumph Aerostructures-Vought Aircraft Division, delivered its first fully joined Embraer E2 CFIII/AFT fuselage to Embraer from its Red Oak, Texas facility. The company entered into a contract with Embraer in 2013 to design and build the E2 CFIII/AFT fuselage shipsets for the life of the program.

Daniel J. Crowley, Triumph’s President and Chief Executive Officer, said, “We achieved a critical milestone with the on-time delivery of Triumph’s first shipment of the fully joined fuselage in support of Embraer’s E2 program. Our Triumph team is proud to be participating on the next generation of Embraer’s E-Jet class of passenger jets and remains focused on delivering a quality product to meet our customer’s expectations and to ensure the success of this Embraer program.”

The contract is worth approximately $1.7 billion in revenue over its lifetime and the program is expected to enter service in 2018.

Source : Triumph Group, Inc. - view original press release

Published on ASDNews: Jan 15, 2016


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