Triumph to Provide M777 Howitzer Body for BAE Contract with Indian Government
April 10 2017 - 4:38PM
Business Wire
Triumph Group, Inc. (NYSE:TGI) will supply gun bodies for
BAE Systems’ M777 Howitzer in support of a recent contract with the
U.S. Department of Defense. The contract, valued at $15 million,
was awarded to Triumph’s Precision Components business unit for the
gun body used in the ultra-lightweight artillery weapon. Precision
Components has a long history of supporting the M777 platform,
producing more than 1,000 gun bodies for BAE.
“We are pleased to continue our staunch relationship with BAE in
support of the M777 Howitzer,” said Rick Rosenjack, executive vice
president for Triumph Precision Components, “and extend our support
for the platform as it expands operations in India.”
Triumph Precision Components will machine, weld and assemble the
gun body before shipping it to BAE for the cannon assembly.
Deliveries will take place over the next two and a half years. The
gun bodies will support the recent foreign military sale between
the U.S. and Indian governments and will be used to enhance border
protection.
“With their focus on quality and on-time delivery as their top
priorities, we are pleased to welcome Triumph Precision Components
back to the production supply chain as we lean forward to deliver
our commitment on the M777 India program,” said Jimmy Dow, head of
procurement for BAE Systems.
The win marks the continued expansion into adjacent markets for
Triumph Precision Components. Last year the company announced a $48
million contract with SNC-Lavalin for end fittings and shield plugs
for the nuclear pressure vessels as part of the Ontario Darlington
Retube & Feeder Replacement program.
Triumph Group, Inc., headquartered in Berwyn, Pa., 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.
Statements in this release which are not historical facts are
forward-looking statements under the provisions of the Private
Securities Litigation Reform Act of 1995, including statements of
contract value or aggregate revenue. All forward-looking statements
involve risks and uncertainties which could affect the company’s
actual results and could cause its actual results to differ
materially from those expressed in any forward looking statements
made by, or on behalf of, the company. Further information
regarding the important factors that could cause actual results to
differ from projected results can be found in Triumph Group’s
reports filed with the SEC, including our Annual Report on Form
10-K for the fiscal year ended March 31, 2016.
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version on businesswire.com: http://www.businesswire.com/news/home/20170410006200/en/
Triumph Group, Inc.Michele LongDirector –
Communications610-251-1000mmlong@triumphgroup.comorSheila G.
SpagnoloVice President – Tax & Investor
Relations610-251-1000sspagnolo@triumphgroup.com
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