Berwyn-based Triumph Group and its subsidiary Triumph Aerostructures – Vought Aircraft Division, have in hand a $250 million contract with Gulfstream Aerospace Corp. to build wing structural components for the G500/600 business jet.
Production of the structural components will be at company facilities in Nashville, Tenn. and Los Angeles, Ca.
Also, Triumph Actuation Systems in Connecticut was awarded an $80 million contract from UTC Aerospace Systems to design and build the G500/600 nose wheel steering system at company facilities in Connecticut.
“These awards are important wins for Triumph, strengthening our long-term relationships with Gulfstream and UTC Aerospace Systems and building our presence in the business jet market,” said Jeffry D. Frisby, president and CEO. “We are excited by our participation on Gulfstream’s new family of business jets and look forward to supporting this program for many years to come.”
The company just reported second quarter fiscal 2015 earnings. Net sales increased 3 percent to a record $994.1 million. The full financial picture and more information about the company is here.
