Triumph and Boeing Sign MOA on Expanded Partnership
May 22 2017 - 12:47PM
Business Wire
Triumph Group, Inc. (NYSE:TGI) today announced the
signing of a new memorandum of agreement (MOA) with Boeing
(NYSE:BA). The MOA supports Triumph’s participation in Boeing’s
growth platforms within their commercial aircraft, defense
programs, and global services market. This expands Triumph’s
traditional roles in aerospace structures and precision components
into the areas of integrated systems and services.
“Boeing is a very important customer, our largest, and we are
pleased to expand our relationship with them through the delivery
of high quality advanced structures, systems, precision components
and MRO support,” said Dan Crowley, Triumph president and CEO.
“Building on improved schedule and quality performance on Boeing
programs, this announcement reflects both companies’ commitment to
‘Partnering for Success.’ It also reflects our strengthening OEM
relationships, in which we are increasingly viewed as a valued
partner across our entire range of capabilities.”
“We value Triumph’s support on key Boeing programs and look
forward to expanding our collaboration to increase productivity,
reduce cost and enhance the value of Boeing products and services,”
said Boeing Partnering for Success leader Karl Jeppesen. “By
working together more closely, we help our customers and one
another succeed in an increasingly competitive market.”
Under the MOA, the companies will identify new areas where each
of Triumph’s four business units can add value on Boeing’s
commercial and military aircraft programs, including the
development of a long-term partnership on MRO work that will assist
in the growth of the Boeing Global Services business.
Triumph Group, Inc. headquartered in Berwyn, Pa., designs,
engineers, manufactures, repairs and overhauls a broad portfolio of
aircraft structures, components, accessories, and systems. The
company serves a broad spectrum of the global 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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version on businesswire.com: http://www.businesswire.com/news/home/20170522006073/en/
Triumph Group, Inc.Media
Contact:Michele Long,
610-251-1000mmlong@triumphgroup.comorInvestor Relations Contact:Sheila G.
Spagnolo, 610-251-1000sspagnolo@triumphgroup.com
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