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FORGOTTEN HISTORY: Triumph group inc org - The Untold Story

Triumph Interiors Bags Contract From Mammoth Freighters

Triumph Group Inc's (NYSE:TGI) Interiors business has secured a contract from Mammoth Freighters for composite air distribution ducts on the Boeing Co (NYSE:BA) 777 Passenger to Freighter (P2F) conversions. Financial terms were not disclosed. Triumph Interiors will provide manufacturing and engineering support services for the Mammoth Freighters' re-designed air distribution ducting system in the cargo…

Benzinga · Jun 29, 2022

Why Triumph Shares Are Plunging Today

Triumph Group Inc (NYSE:TGI) reported a fourth-quarter sales decline of 17.2% year-over-year to $386.65 million, -2% Y/Y on an organic basis, which missed the consensus of $405.19 million. The operating income improved to $38.79 million compared to the loss of $(46.21) million a year ago, and the margin recovered to 10% from…

Benzinga · May 18, 2022

Triumph Secures Next Generation Jammer Production Contracts From Raytheon

Triumph Group Inc (NYSE:TGI) has secured a multi-year contract from Raytheon Intelligence & Space, a Raytheon Technologies Corp (NYSE:RTX) business, to deliver air inlet and exhaust electro-mechanical door actuators and an advanced electronic control system for the Next Generation Jammer Mid-Band (NGJ-MB) pod. Financial terms were not disclosed. The contract covers LRIP lots I…

Benzinga · Apr 11, 2022

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Triumph Secures Contract Extension For 787 Cargo Door Actuation System

Triumph Group Inc (NYSE:TGI) facility in Clemmons, North Carolina, Actuation Products & Services, has extended a contract with a major European aerostructures provider to supply a Boeing Co (NYSE:BA) 787 Cargo Door Actuation System. Financial terms were not disclosed. Designed, integrated, qualified, and manufactured by Triumph, the product line complements a portfolio of cargo door…

Benzinga · Mar 31, 2022

Triumph Bags Lockheed Martin Production Contracts

Triumph Group Inc's (NYSE:TGI) operating company Actuation Products & Services secured a multi-year contract from Sikorsky, a Lockheed Martin Corp (NYSE:LMT) company, to produce equipment for the CH-53K helicopter. Financial terms were not disclosed. The strategic follow-on contract will contribute significant work for Triumph's Seattle location. Triumph will provide all equipment for the Main Rotor…

Benzinga · Mar 25, 2022

Triumph Secures Power Packs Contract From Mammoth Freighters

Triumph Group Inc's (NYSE:TGI) Actuation Products & Services operating company has been selected to supply Hydraulic Power Pack Units on Mammoth Freighters' 777 Freighter Conversion Program. Financial terms were not disclosed. Triumph noted that its cost-effective solution uniquely fulfills Mammoth's cargo door power generation needs. Triumph said it is well-positioned to support Mammoth…

Benzinga · Mar 16, 2022

Triumph Group Clocks 25% Decline In Q3 Revenue, Lags Street View

Triumph Group Inc (NYSE:TGI) reported a third-quarter sales decline of 25.1% year-over-year to $319.25 million, -5% Y/Y on an organic basis, which missed the consensus of $374.28 million. The operating income increased to $28.19 million compared to the loss of $(34.97) million a year ago, and the margin recovered to 8.8% from -8.2%.…

Benzinga · Feb 9, 2022

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Aerotrax Inks MoU With Triumph On MRO Service Management System

Aerotrax Technologies, Inc. has signed a Memorandum of Understanding with Triumph Group Inc (NYSE:TGI) to commercially pilot the Aerotrax Maintenance, Repair, and Overhaul (MRO) Service Management System. Aerotrax is an enterprise software company focused on digitally tracking the entire lifecycle of every plane. The engagement will use Aerotrax's proprietary blockchain-based digital infrastructure to execute…

Benzinga · Jan 31, 2022

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