Triumph Group, Inc. (NYSE:TGI) today announced the signing of a new memorandum of understanding (MOU) with Northrop Grumman Corporation (NYSE: NOC) at the Farnborough International Air Show. The purpose of the MOU is to successfully ramp-up high altitude long endurance unmanned aircraft system (UAS) production rates.
“We are implementing multiple process and production improvements to significantly reduce flow days. We’re making important investments in tooling and talent to improve schedule, quality and cost for the systems.”
Over the next five years, Triumph, and Northrop Grumman will commit resources to facilitate continued mutual success of high altitude long endurance systems. The signing of the MOU reinforces the long-term agreement between senior leadership of both companies to support our customers by ensuring successful execution of numerous systems in the 2016-2026 planning period.
“Northrop Grumman is a very important customer; and we are pleased to continue to partner with them by delivering high quality, UAS compliant wings,” said Dan Crowley, Triumph president and CEO. “We are implementing multiple process and production improvements to significantly reduce flow days. We’re making important investments in tooling and talent to improve schedule, quality and cost for the systems.”
“Through our partnership with Triumph, Northrop Grumman has delivered and will continue to deliver unmatched capabilities in autonomous high altitude, long endurance systems to customers worldwide,” said Tom Vice, corporate vice president and president of Northrop Grumman Aerospace Systems.
Under the MOU, the companies will support near-term delivery commitments, achieve knowledge transfer and enhance future quality and affordability for the program. Northrop Grumman mechanics, engineers, and support staff will assist Triumph in its wing transition to production objectives on an interim basis to facilitate the increased production. Both companies agree to collaborate and jointly take further actions as necessary to meet or exceed the wing delivery plan.
Triumph and Northrop Grumman are committed to the success of the UAS for domestic and international customers. Delivering high quality, affordable, compliant wings on time facilitates mutual success of both companies.
Northrop Grumman is a leading global security company providing innovative systems, products and solutions in autonomous systems, cyber, C4ISR, strike, and logistics and modernization to government and commercial customers worldwide. Please visit www.northropgrumman.com for more information.
Triumph Group, Inc. headquartered in Berwyn, Pa., designs, engineers, manufactures, repairs and overhauls a broad portfolio of aero structures, 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.
Source: Triumph Group, Inc.
Date: Jul 12, 2016