Triumph Group, Inc. (NYSE: TGI) signed an agreement with Boeing (NYSE:BA) to provide various hydraulic and mechanical actuation assemblies for legacy Boeing programs, including the Next-Generation 737, 737 MAX, 747-8, 767, 767-2C and 777, and for the 777X, Boeing’s newest family of twin-aisle airplanes.
“This agreement demonstrates our commitment to the ‘Partnering for Success’ program and follow-through on our recent agreement with Boeing to find additional areas to add value on their existing and new platforms,” said Tom Holzthum, executive vice president of Integrated Systems. “We are pleased to supply systems for new programs like the 777X, which is leading the way in fuel consumption reduction and overall operating costs.”
“We appreciate Triumph’s renewed focus and energy in support of Partnering for Success, Boeing’s collaborative program to reduce cost and improve efficiency in our supply chain,” said Brian Baird, Boeing Commercial Airplanes vice president, Aircraft Materials & Structures, Supplier Management. “Meeting these shared objectives advances our longstanding relationship with Triumph and strengthens Boeing’s position to win in the marketplace, enabling sales and work for Boeing and our extended supply chain.”
Triumph Integrated Systems’ Fluid Power and Actuation operating companies (located in Yakima, Washington; Clemmons, North Carolina; and Valencia, California) will extend deliveries of pumps, actuators, accumulators, fuses and assemblies for the various Boeing programs. In addition, Integrated Systems’ Mechanical Solutions operating company will provide cable and wire rope assemblies for these Boeing programs.
Earlier this year Triumph and Boeing signed a memorandum of agreement supporting the expansion of Triumph’s role as an integrated systems and services supplier for Boeing’s growth platforms within their commercial airplane and defense programs and global services market.
Source: Triumph Group, Inc.
Date: Jul 25, 2017