Triumph Group

Arlington Capital Partners Closes the Acquisition of Triumph’s Composites Business, Forming Qarbon Aerospace

Monday, May 10, 2021 - 12:00pm

b'Arlington Capital Partners (\xe2\x80\x9cArlington\xe2\x80\x9d), a Washington, DC-area private equity firm, today announced it has completed the acquisition of Triumph Group, Inc.\xe2\x80\x99s (NYSE: TGI) composites business.

Key Points: 
  • b'Arlington Capital Partners (\xe2\x80\x9cArlington\xe2\x80\x9d), a Washington, DC-area private equity firm, today announced it has completed the acquisition of Triumph Group, Inc.\xe2\x80\x99s (NYSE: TGI) composites business.
  • Going forward, the business will operate independently as Qarbon Aerospace (the \xe2\x80\x9cCompany\xe2\x80\x9d).\nQarbon Aerospace is a leading provider of large, complex structural components and assemblies such as fuselages, wings, flight control surfaces, and engine nacelles.
  • Qarbon Aerospace has vertically integrated manufacturing capabilities from component fabrication through large-scale assembly as well as proprietary thermoplastics technologies.
  • Arlington is focused on middle market investment opportunities in growth industries including aerospace & defense, government services and technology, healthcare, and business services and software.

Triumph Group to Webcast Fourth Quarter Fiscal Year 2021 Earnings Conference Call Live Webcast scheduled for 8:30 AM ET on May 20, 2021

Tuesday, May 4, 2021 - 10:30pm

b'BERWYN, Pa., May 4, 2021 /PRNewswire/ --Triumph Group, Inc. (NYSE: TGI) will release fourth quarter fiscal year 2021 earnings on May 20, 2021 and will host a conference call that day at 8:30 a.m.

Key Points: 
  • b'BERWYN, Pa., May 4, 2021 /PRNewswire/ --Triumph Group, Inc. (NYSE: TGI) will release fourth quarter fiscal year 2021 earnings on May 20, 2021 and will host a conference call that day at 8:30 a.m.
  • ET.
  • A slide presentation will be included with the audio portion of the webcast.\nGo to the web site at least fifteen minutes early to register, download, and install any necessary audio software.\nFor those who cannot listen to the live broadcast, a replay will be available two hours after the call and will remain available for 90 days.\nTriumph Group, Inc., headquartered inBerwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerospace and defense systems, components and structures.
  • The company serves the global aviation industry, including original equipment manufacturers and the full spectrum of military and commercial aircraft operators.\n'

Triumph Group Elects William L. Mansfield Lead Independent Director

Monday, May 3, 2021 - 10:15pm

b'BERWYN, Pa., May 3, 2021 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) ("Triumph" or the "Company") today announced that its Board of Directors has unanimously elected William "Bill" L. Mansfield as Lead Independent Director, effective July 21, 2021.

Key Points: 
  • b'BERWYN, Pa., May 3, 2021 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) ("Triumph" or the "Company") today announced that its Board of Directors has unanimously elected William "Bill" L. Mansfield as Lead Independent Director, effective July 21, 2021.
  • Mr. Mansfield will succeed General Ralph "Ed" Eberhart, who has served as a director since June 2010, Chair from April 2015 to November 2020, and Lead Independent Director since November 2020.
  • Gen. Eberhart is expected to remain on the Board as a director following the transition.\nMr.
  • Mansfield joined the Board in November 2012 and, since July 2020, has served as Chair of the Finance Committee.

Air Industries Group Announces $6 Million Purchase Order for F-18 Landing Gear Components

Tuesday, April 6, 2021 - 1:30pm

Air Industries Group (NYSE AMEX: AIRI):

Key Points: 
  • Air Industries Group (NYSE AMEX: AIRI):
    Air Industries Group (Air Industries or the Company), an integrated manufacturer of precision assemblies and components for leading aerospace and defense prime contractors today announced it has received purchase orders totaling in excess of $6 Million to manufacture major landing gear components for the F-18 fighter aircraft.
  • Mr. Lou Melluzzo, CEO of Air Industries commented: Air Industries has held a license to manufacture complete landing gear and related components for the F-18 for many years.
  • Additional information about the Company can be found in its filings with the SEC.
  • Air Industries Group (AIRI) is an integrated manufacturer of precision equipment assemblies and components for leading aerospace and defense prime contractors.

Aircraft Landing Gear Systems Market to Grow by USD 3.63 Billion during 2021-2025|Technavio

Wednesday, March 24, 2021 - 10:00pm

In addition, the creation of new air routes to tap market potential is anticipated to boost the growth of the aircraft landing gear systems market.

Key Points: 
  • In addition, the creation of new air routes to tap market potential is anticipated to boost the growth of the aircraft landing gear systems market.
  • Hence, increasing M&A activities are expected to contribute to the growth of the global aircraft landing gear systems market during the forecast period.
  • The company provides landing gear systems to various aircraft manufacturers and they also provide the complete landing gear actuation sub-system including actuators, locks, control valves, sensors, and control electronics.
  • Aircraft Landing Gear Systems Market Application Outlook (Revenue, USD billion, 2020-2025)
    Aircraft Landing Gear Systems Market Geography Outlook (Revenue, USD billion, 2020-2025)
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Barnes Aerospace Celebrates Expansion of Its West Chester, Ohio Maintenance, Repair, and Overhaul Facility

Tuesday, March 23, 2021 - 4:00pm

Barnes Aerospace, a business unit of Barnes Group Inc. (NYSE: B), today announced the expansion of its Maintenance, Repair, and Overhaul (MRO) facility in West Chester, Ohio at a ribbon cutting ceremony to celebrate the occasion.

Key Points: 
  • Barnes Aerospace, a business unit of Barnes Group Inc. (NYSE: B), today announced the expansion of its Maintenance, Repair, and Overhaul (MRO) facility in West Chester, Ohio at a ribbon cutting ceremony to celebrate the occasion.
  • The West Chester MRO operation specializes in a variety of critical machining functions and extensive inspection applications for the global aviation industry.
  • The expansion of our capabilities in our West Chester facility will support our industry-leading quality and delivery performance, creating value for our customers.
  • Barnes Aerospace is a global manufacturer of complex fabricated and precision-machined components and assemblies for turbine engines, nacelles and structures for both commercial and defense-related aircraft.

Triumph Group Expands Aerospace Structures Divestitures To Arlington Capital Partners With Sale Of Its Red Oak Texas Operations

Thursday, February 11, 2021 - 2:52am

BERWYN, Pa., Feb. 10, 2021 /PRNewswire/ -- Triumph Group, Inc. (NYSE:TGI) announced today that it has entered into a definitive agreement to sell its Red Oak, Texas operations to Arlington Capital Partners.

Key Points: 
  • BERWYN, Pa., Feb. 10, 2021 /PRNewswire/ -- Triumph Group, Inc. (NYSE:TGI) announced today that it has entered into a definitive agreement to sell its Red Oak, Texas operations to Arlington Capital Partners.
  • Arlington Capital Partners will combine the Red Oak business with the composites facilities it is separately acquiring from Triumph pursuant to a previously announced agreement.
  • "With the sale of Triumph's Red Oak and composites operations, Triumph continues to execute on its strategic path to value initiative to exit large structures manufacturing and reduce our leverage.
  • Arlington Capital Partners is a Washington, DC-based private equity firm that is currently investing out of Arlington Capital Partners V, L.P., a $1.7 billion fund.

Triumph Group to Webcast Third Quarter Fiscal Year 2021 Earnings Conference Call

Friday, January 15, 2021 - 3:49am

BERWYN, Pa., Jan. 14, 2021 /PRNewswire/ --Triumph Group, Inc. (NYSE: TGI) will release third quarter fiscal year 2021 earnings on February 3, 2021 and will host a conference call that day at 8:30 a.m.

Key Points: 
  • BERWYN, Pa., Jan. 14, 2021 /PRNewswire/ --Triumph Group, Inc. (NYSE: TGI) will release third quarter fiscal year 2021 earnings on February 3, 2021 and will host a conference call that day at 8:30 a.m.
  • A slide presentation will be included with the audio portion of the webcast.
  • Go to the web site at least fifteen minutes early to register, download, and install any necessary audio software.
  • Triumph Group, Inc., headquartered inBerwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerospace and defense systems, components and structures.

Chris Blair to Join Radius Aerospace as Head of Business Development

Tuesday, January 5, 2021 - 6:25pm

Radius Aerospace, Inc. (Radius or the Company) announced today that Chris Blair has joined the executive leadership team as Head of Business Development.

Key Points: 
  • Radius Aerospace, Inc. (Radius or the Company) announced today that Chris Blair has joined the executive leadership team as Head of Business Development.
  • In this role, Blair will oversee major customer relationships and Radius new business development and sales functions, and help guide the Company on its continued growth trajectory.
  • Blair brings over 23 years of business development expertise to Radius.
  • Prior to Incora, Blair served in various executive level capacities at Triumph Group, where he served as the Head of Aerostructures Business Development and VP of Corporate Business Development.

Triumph Group Extends CEO Daniel J. Crowley's Contract And Elects Him As Chair Of The Board

Wednesday, November 18, 2020 - 9:30pm

The Company also today announced that its Board of Directors has unanimously elected Mr. Crowley as Board Chair, effective immediately.

Key Points: 
  • The Company also today announced that its Board of Directors has unanimously elected Mr. Crowley as Board Chair, effective immediately.
  • Mr. Crowley succeeds General Ralph "Ed" Eberhart, who has served as a director since June 2010 and as non-executive Chairman of the Board since April 2015.
  • Gen. Eberhart will remain on the Board and will assume the role of Lead Independent Director, effective immediately.
  • The Triumph Group Board of Directors comprises nine directors, eight of whom are independent and five of whom have been added to the Board since 2018.