Triumph to Supply Composite Rudder Components for Airbus A350 XWB in Deal with HHACMC
March 31 2017 - 11:49AM
Business Wire
Triumph Group, Inc. (NYSE:TGI) was selected by Harbin Hafei
Airbus Composite Manufacturing Centre Company Ltd. (HHACMC) to
supply composite parts for the Airbus A350 XWB aircraft. Triumph
Precision Components’ Composites Center of Excellence site in
Thailand will produce the composite details for the rudder, which
will be assembled at HHACMC in Harbin, China.
The contract, valued at approximately $26M, covers the delivery
of 700 shipsets of rudder component kits over the next 5–7 years
for the A350 XWB program. Triumph leveraged recent investments in
its Thailand facility to increase capability and expand capacity to
position itself to win and execute this new agreement.
“We are pleased to enter into a new customer relationship with
HHACMC,” said Ronald Vuz, president of Composites Center of
Excellence site in Thailand. “Our focus on performance, coupled
with our demonstrated ability to obtain the necessary
qualifications and transfer work on schedule, provided us with this
opportunity to further demonstrate our capability to produce
complex composite aerostructures.”
This agreement allows Triumph to help meet the strong demand for
services in the burgeoning Asian aerospace market. The Asia-Pacific
region is expected to lead the market for new aircraft over the
next 20 years.
Triumph Group, Inc., headquartered in Berwyn, Pennsylvania,
designs, engineers, manufactures, repairs and overhauls a broad
portfolio of aircraft structures, 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.
More information about Triumph can be found on the company’s
website at http://www.triumphgroup.com.
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Triumph Group, Inc.Michele LongDirector –
Communications610-251-1000mmlong@triumphgroup.comorSheila G.
SpagnoloVice President – Tax & Investor
Relations610-251-1000sspagnolo@triumphgroup.com
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