Triumph Awarded Five-Year Contract with National Carrier for Component MRO Work

BERWYN, Pa.–(BUSINESS WIRE)–Oct. 11, 2018– Triumph Group, Inc.(NYSE: TGI) announced today that it was awarded a five-year contract for maintenance, repair and overhaul (MRO) work on CFM56-7B nacelle components for the 737NG aircraft operated by a U.S. airline operator. Under the contract Triumph Product Support will service thrust reversers, fan cowls and inlet cowls on the CFM56-7B engines on the carrier’s 737NG fleet.

Triumph Group selects GE Additive to help accelerate its additive journey

Munich, Germany/ Farnborough, UK – 17 July 2018 – GE Additive today announced that aerospace industry leader, Triumph Group (NYSE:TGI) has selected two of its systems, as well as a range of AddWorksTM consultancy service packages, to help further its additive manufacturing strategy.

Triumph has selected a Concept Laser M2 Cusing Multilaser DMLM system and an Arcam EBM Q20plus system to be installed at its R&D facility in Seattle with installation expected to be completed within Q3 2018.  The AddWorks team will partner closely with the team at Triumph from day one on a range of areas, including discovery workshops, materials selections through to advising on prototyping strategies.

“I really admire Triumph’s smart and progressive strategy in adopting a multimodality approach to their additive journey,” said Jason Oliver, President and CEO, GE Additive. “And when you add to that the deep experience and divergent thinking of our AddWork’s team, I look forward to seeing the results of what I hope will be a long and rewarding relationship.”

“Triumph Group is excited to work with GE Additive to broaden Triumph’s utilization of additive manufacturing technology,” said Dan Crowley, President & CEO, Triumph Group. “Thus far we have successfully used additive manufacturing for prototyping, and we are rapidly growing its use for design competency. This partnership with GE Additive will strengthen our additive manufacturing capability, accelerating our ability to design and develop future on-wing solutions for our customers.”

Triumph Group participates at all levels of the aerospace supply chain – from single components, to complex systems, to aerospace structures and their contents. The company provides solutions for the entire product life cycle of an aircraft – from engineering and design to aftermarket service. Its unique ability to integrate a broad range of products and capabilities is its competitive advantage.

From left to right: Gary Tenison, Triumph Group, VP Strategy and Business Development; Jason Oliver, GE Additive, President and CEO; Dan Crowley, Triumph Group, President and CEO; David Joyce, GE Aviation, President and CEO; Tom Holzthum, Triumph Integrated Systems, Executive Vice President; Ryan Martin, GE Additive, Sales Leader Americas.

Triumph Group Announces Update on Divestiture Progress

BERWYN, Pa. – April 10, 2018 – Triumph Group, Inc. (NYSE:TGI) announced today that it has reached agreements for divestiture of three businesses in alignment with the company’s transformation strategy to reshape its portfolio to focus on businesses that best fit the strategic direction of the company.

TGI Credits Multifaceted Engagement for Improvements at Red Oak Site

SCOTTSDALE, Ariz. – December 6, 2017 – The president of Triumph Group’s Aerospace Structures – Red Oak, Allen Vyce, participate in the 2017 American Aerospace & Defense Summit. The event sponsored by Generis, brings together leaders from many aerospace and defense OEMs and Tier 1 supplier companies, providing a platform to:

– Discuss strategies to optimize manufacturing and R&D in American aerospace and defense
– Drive innovation in a competitive landscape
– Maximize supplier relationships
– Mitigate costs, identify growth opportunities and build quality throughout your system.

Allen’s presentation Turning Passion into Profit:  How Driving Operational Excellence and Investing in People will be the Best ROI in 2018 focused on leadership, employee and customer engagement initiatives, and its impact on product quality and company culture.

“Although it’s clear that our operational excellence initiatives at Triumph Red Oak are delivering results, we’ve just started our journey,” said Vyce as he addressed the audience. “Key enablers to our future success are leadership engagement and relentless focus on first-time quality in everything we do, and our leadership team is committed to these objectives,” he continued.

Videos highlighting both employee and customer perspectives on Triumph Group’s One Company transformation were well-received by the group, and many summit participants provided positive feedback regarding the company’s improvement journey.

Other speakers at conference were Sonal Deshpande, VP, Mission Assurance for Northrop Grumman Mission Systems; Wayne Brown, VP, Quality and Mission Assurance for Raytheon Missile Systems; Shubhayu Chakraborty, President of Meggitt Performance Sensing; Dr. Alexander Eksir, VP Supplier Quality for United Technologies Corporation; and John O’Leary, VP & GM, Airbus Americas Engineering, Inc.

More than 24 aerospace and defense OEMs and supplier attended the event, who key themes focused around Manufacturing and Supply Chain, Supplier Oversight and Cost Optimization; Workforce Management; and Product Innovation.

“It was privilege to have the opportunity to tell our story in front of our peers at the American Aerospace & Defense Summit,” said Vyce.  “The event provides a unique opportunity for participants to share and learn from one another on topics most relevant to aerospace and defense manufacturing companies today.”

Innovative Solutions & Support Partners with Triumph Group to Install Flat Panel Display Systems World Wide

EXTON, Pa.–(BUSINESS WIRE)–Innovative Solutions & Support, Inc. (NASDAQ:ISSC) today announced that the Company has entered into an agreement with the Triumph Group, Inc. to partner as an installation center for Innovative Solutions & Support’s (IS&S) Cockpit/IP® Flat Panel Display System (FPDS) for Classic Series Boeing 737 and 757/767 and its Integrated Standby Unit (ISU) at all of its locations throughout the world.