Triumph Group Achieves Record Growth in Aftermarket Shipments
Triumph Group Reports Growth in Actuation Shipments
Triumph Group, Inc. (NYSE: TGI) has reached a remarkable milestone with over $28 million in aftermarket shipments this fiscal year. This achievement highlights the company's role in supporting Boeing 787 and Airbus A380 Landing Gear overhaul activities, marking the highest level of shipment to date for their Actuation Products and Services division.
Aftermarket Demand Drives Success
The surge in shipments comes as early production units of the Boeing 787 fleet have now reached 12 years in service, requiring mandatory overhaul for their landing gear systems. With over 500 aircraft expected to undergo landing gear maintenance over the next five years, Triumph's expertise in this area positions them favorably in the market.
Supporting Major Aircraft
Triumph offers a comprehensive hydraulic actuation suite for the landing gear of both the B787 and A380 aircraft. The company is responsible for various components, including nose wheel steering, extend and retract actuation, and control valves crucial for the operational efficiency of these aircraft.
Strategic Investments Fueling Growth
According to Natasha Trudeau, President of Triumph APS, the company has been a key supporter of the B787 and A380 programs since their inception. Triumph now benefits from strong aftermarket demand as these aircraft enter heavy maintenance cycles. This not only provides significant, higher-margin work packages but is also essential for meeting customer needs.
Looking Ahead
Triumph is poised for continued growth, driven by increased demand for Boeing 787 original equipment manufacturer (OEM) ramp rates alongside an expanded maintenance, repair, and overhaul (MRO) capacity. The investments made in enhancing their capabilities will play a crucial role in supporting their customers' landing gear maintenance cycles.
Expertise in Aerospace and Defense
Headquartered in Radnor, Pennsylvania, Triumph Group specializes in the design, engineering, manufacture, repair, and overhaul of a wide array of aerospace and defense systems and components. The company caters to the global aviation sector, including both original equipment manufacturers and a broad spectrum of military and commercial aircraft operators.
Frequently Asked Questions
What triggers the demand for landing gear maintenance?
The demand is triggered when early production units of aircraft like the Boeing 787 reach their service milestones, necessitating mandatory heavy landing gear overhauls.
How much did Triumph Group achieve in aftermarket shipments?
Triumph Group achieved over $28 million in aftermarket shipments in their Fiscal Year to date, marking a record level for the company.
What role does Triumph play in the MRO sector?
Triumph Group is heavily involved in the maintenance, repair, and overhaul (MRO) sector, providing crucial support and ensuring the operational functionality of aircraft.
Which aircraft does Triumph support?
Triumph Group supports the Boeing 787 and Airbus A380 aircraft through their extensive portfolio of hydraulic actuation systems.
What is Triumph Group's strategy for future growth?
Triumph plans to focus on expanding their MRO capacity and enhancing their capabilities to meet the increasing demands of their customers in the aviation sector.
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