Triumph Group

TRIUMPH to Webcast Fourth Quarter Fiscal Year 2022 Earnings Conference Call

Retrieved on: 
Tuesday, May 3, 2022
NYSE, TGI, Triumph Group, Webcast

BERWYN, Pa., May 3, 2022 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) will release fourth quarter fiscal year 2022 earnings on May 18, 2022 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.

Key Points: 
  • Live Webcast scheduled for 8:30 AM ET on May 18, 2022
    BERWYN, Pa., May 3, 2022 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) will release fourth quarter fiscal year 2022 earnings on May 18, 2022 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.
  • TRIUMPH, headquartered inBerwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerospace and defense systems, components and structures.

TRIUMPH APPOINTS NEAL J. KEATING AS NEW INDEPENDENT DIRECTOR

Retrieved on: 
Monday, April 25, 2022
Board, Hubbell Incorporated, Travel, GKN, COVID-19, MBA, Hughes Supply, Annual report, Private Securities Litigation Reform Act, Board of directors, Champaign County, Illinois, EVP, Triumph Group, TGI, AgustaWestland, Company, Chicago (franchise), SEC, Rockwell Collins, The Home Depot, NYSE, Lead, The Manitowoc Company, Industry, University, Embry–Riddle Aeronautical University, Management

BERWYN, Pa., April 25, 2022 /PRNewswire/ -- Triumph Group, Inc. (NYSE:TGI) ("TRIUMPH" or the "Company") today announced that Neal J. Keating has joined its Board of Directors as an independent director, effective immediately.

Key Points: 
  • BERWYN, Pa., April 25, 2022 /PRNewswire/ -- Triumph Group, Inc. (NYSE:TGI) ("TRIUMPH" or the "Company") today announced that Neal J. Keating has joined its Board of Directors as an independent director, effective immediately.
  • Mr. Keating served as Chief Executive Officer and Chairman of the Board of Kaman Corporation, an aerospace and defense company, for 13 years.
  • Mr. Keating received a degree in electrical engineering from the University of Illinois and an MBA from the University of Chicago.
  • TRIUMPH, headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs, and overhauls a broad portfolio of aerospace and defense systems and components.

TRIUMPH EVOLVES COMPANY IDENTITY AND BRAND

Retrieved on: 
Tuesday, April 19, 2022
NYSE, Growth, Triumph Group, TGI, Program, Industry, Solution

BERWYN, Pa., April 19, 2022 /PRNewswire/ -- Triumph Group [NYSE:TGI], today announced that it is adopting a new company brand and modernized logo. The company's new identity, TRIUMPH, reflects its one company, many solutions operating philosophy and recent streamlined organization and follows the company's transformation to focus on its core products and services.

Key Points: 
  • BERWYN, Pa., April 19, 2022 /PRNewswire/ -- Triumph Group [NYSE:TGI], today announced that it is adopting a new company brand and modernized logo.
  • The company's new identity, TRIUMPH, reflects its one company, many solutions operating philosophy and recent streamlined organization and follows the company's transformation to focus on its core products and services.
  • "TRIUMPH is entering its fourth decade of supporting a global array of end-markets, customers, and platforms in the aerospace and defense industry.
  • "Our legacy branding shaped our company identity and helped us earn a respected name in the industry," said Crowley.

Barnes Names Ian M. Reason Senior Vice President, Barnes and President, Barnes Aerospace

Retrieved on: 
Monday, April 18, 2022
Engineering, Chemicals, Plastics, Aerospace, Manufacturing, Other Manufacturing, Steel, Aircraft, Royal Naval Engineering College, Health, Customer, Persistent, Weapon, OEM, F-35, Seismic Experiment for Interior Structure, Barnes Group, Interiors, Royal Navy, Aviation, Peninsula Engineering Group, Inc., Automation, Triumph Group, Management, General Electric LM2500, Aircraft Engineering Corporation, Aerospace engineering, Growth, MRO, Company, L3 Commercial Training Solutions, NYSE, BAE Systems, Industry, Lockheed, Senior, Interim, Cranfield University, Engineering, Finance

Barnes Group Inc. (NYSE: B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced the appointment of Ian M. Reason to the position of Senior Vice President, Barnes and President, Barnes Aerospace, effective May 2, 2022.

Key Points: 
  • Barnes Group Inc. (NYSE: B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced the appointment of Ian M. Reason to the position of Senior Vice President, Barnes and President, Barnes Aerospace, effective May 2, 2022.
  • He is an engaging leader who brings a strong track record of driving sales growth and margin expansion to Barnes, said Julie Streich, Senior Vice President, Finance and Chief Financial Officer, and Interim Chief Executive Officer, Barnes.
  • Ian will be an ardent advocate of leveraging automation and digitalization to drive continuous improvement and productivity in alignment with our Barnes Enterprise System.
  • Earlier in his career, Mr. Reason served as a Senior Commissioned Officer in the Royal Navy, specializing as an Aircraft Engineering Officer.

TRIUMPH AWARDED NEXT GENERATION JAMMER PRODUCTION CONTRACTS FROM RAYTHEON TECHNOLOGIES

Retrieved on: 
Monday, April 11, 2022
Next Generation Jammer, Raytheon Technologies, Triumph, NYSE, Program, Atmosphere, Navy, Technology, Active electronically scanned array, LRIP, Triumph Group, TGI, Raytheon Intelligence & Space, 3D printing, Service

BERWYN, Pa., April 11, 2022 /PRNewswire/ -- Triumph Group [NYSE:TGI]announced that it was awarded a multi-year contract from Raytheon Intelligence & Space, a Raytheon Technologies business, to deliver air inlet and exhaust electro-mechanical door actuators and an advanced electronic control system for the Next Generation Jammer Mid-Band (NGJ-MB) pod.

Key Points: 
  • BERWYN, Pa., April 11, 2022 /PRNewswire/ -- Triumph Group [NYSE:TGI]announced that it was awarded a multi-year contract from Raytheon Intelligence & Space, a Raytheon Technologies business, to deliver air inlet and exhaust electro-mechanical door actuators and an advanced electronic control system for the Next Generation Jammer Mid-Band (NGJ-MB) pod.
  • The contract covers production demand for LRIP lots I and II as well as non-recurring engineering for product and producibility enhancement.
  • The Next Generation Jammer is the Navy's advanced electronic attack system that offensively denies, disrupts, and degrades enemy technology, including air-defense systems and communications.
  • "Our experience in designing and manufacturing actuators and controls will enhance the performance, reliability and affordability of the Next Generation Jammer Mid-Band."

ACR Appoints Dennis Suedkamp as Chief Executive Officer

Retrieved on: 
Monday, April 4, 2022
Aircraft, Aviation, Industry, Northstar, Maintenance, Triumph Group, ACR, Northstar Group, Time, CEO, Growth, Management

VALENCIA, Calif., April 4, 2022 /PRNewswire/ -- Aircraft Component Repair, Inc. (ACR) ispleased to announce that Dennis Suedkamp has joined the company as its new Chief ExecutiveOfficer (CEO).

Key Points: 
  • VALENCIA, Calif., April 4, 2022 /PRNewswire/ -- Aircraft Component Repair, Inc. (ACR) ispleased to announce that Dennis Suedkamp has joined the company as its new Chief ExecutiveOfficer (CEO).
  • Dennis joins ACR with over 20 years of executive management and leadership experience in the commercial aviation industry.
  • "I am thrilled to join Dennis Mack and the ACR team, and I am looking forward to building on ACR's solid foundation to foster growth of the company," Dennis said.
  • Dennis Mack commented "Northstar did an outstanding job helpingus find the right person for this job; I am eager to help Dennis Suedkamp become the leader ofthe future for ACR".

TRIUMPH ANNOUNCES STREAMLINED ORGANIZATIONAL STRUCTURE

Retrieved on: 
Thursday, March 31, 2022
Leadership, Triumph, Growth, NYSE, Program, CEO, Triumph Group, Solution, TGI, Operation, Interiors, Design, Management

BERWYN, Pa., March 31, 2022 /PRNewswire/ -- Triumph Group [NYSE:TGI] announced today a new streamlined organizational structure that will better reflect its "one company, many solutions" operating philosophy and enhance margins.

Key Points: 
  • BERWYN, Pa., March 31, 2022 /PRNewswire/ -- Triumph Group [NYSE:TGI] announced today a new streamlined organizational structure that will better reflect its "one company, many solutions" operating philosophy and enhance margins.
  • "Triumph has undergone a significant transformation to reshape our program and business portfolio, creating a high-performance company.
  • In connection with these changes, Bill Kircher who served as Executive Vice President of Triumph Systems & Support, and Ian Reason who served as President of Mechanical Solutions, will leave Triumph to pursue other opportunities.
  • Triumph intends to report financial results based on its current segment structure with additional details on its end markets.

TRIUMPH RECEIVES FIVE YEAR CONTRACT WITH U.S. NAVY FOR REPAIR OF SH-60 SEA HAWK ENHANCED DIGITAL ELECTRONIC CONTROL UNITS

Retrieved on: 
Thursday, March 17, 2022
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BERWYN, Pa., March 17, 2022 /PRNewswire/ -- Triumph Group [NYSE:TGI] announced that its Systems, Electronics and Controls business has received a five-year contract with Naval Supply Systems Command (NAVSUP) to provide repair and upgrade services to their enhanced digital electronic control (fuel) units (EDECUs).

Key Points: 
  • BERWYN, Pa., March 17, 2022 /PRNewswire/ -- Triumph Group [NYSE:TGI] announced that its Systems, Electronics and Controls business has received a five-year contract with Naval Supply Systems Command (NAVSUP) to provide repair and upgrade services to their enhanced digital electronic control (fuel) units (EDECUs).
  • Triumph's EMC-102 EDECU units are used to support the T700 engine in the U.S. Navy's SH-60 Seahawk Helicopter.
  • "Triumph has long partnered with the Navy directly, providing high quality, low-cost solutions with quick turn times," saidJustin Wolfanger, President of Triumph Systems, Electronics and Controls.
  • "Our long-time working relationship with the U.S. Navy is strengthened with the award of this contract.

TRIUMPH AWARDED POWER PACKS CONTRACT FOR 777 FREIGHTER CONVERSION FROM MAMMOTH FREIGHTERS

Retrieved on: 
Wednesday, March 16, 2022
Motion, TGI, NYSE, MRO, Triumph, Triumph Group, Electronics, Hydraulic machinery, Service, Mammoth

BERWYN, Pa., March 16, 2022 /PRNewswire/ -- Triumph Group [NYSE:TGI] announced that its Actuation Products & Services operating company was selected to supply Hydraulic Power Pack Units on Mammoth Freighters' 777 Freighter Conversion Program.

Key Points: 
  • BERWYN, Pa., March 16, 2022 /PRNewswire/ -- Triumph Group [NYSE:TGI] announced that its Actuation Products & Services operating company was selected to supply Hydraulic Power Pack Units on Mammoth Freighters' 777 Freighter Conversion Program.
  • "Triumph is well positioned to support Mammoth Freighters' mission of developing a line of energy-efficient and productive long range freight conversion aircrafts," said Scott Ledbetter, President of Triumph Actuation Products & Services.
  • Triumph Actuation Products & Services maintains a unique capability for systems engineering and integration, as well as hydromechanical and electronics in-house development.
  • It also serves as the integration focal for Triumph, specializing in motion, control, and power systems for commercial, military and rotorcraft aircraft.

TRIUMPH ADOPTS TAX BENEFITS PRESERVATION PLAN TO PROTECT VALUABLE TAX ASSETS

Retrieved on: 
Friday, March 11, 2022
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BERWYN, Pa., March 11, 2022 /PRNewswire/ -- Triumph Group, Inc. ("Triumph") [NYSE: TGI]today announced that in light of the expiration of its current rights plan, its Board of Directors has adopted a new tax benefits preservation plan (the "Plan") designed to preserve Triumph's ability to utilize its net operating loss carryforwards and other tax attributes (collectively, "Tax Benefits").

Key Points: 
  • BERWYN, Pa., March 11, 2022 /PRNewswire/ -- Triumph Group, Inc. ("Triumph") [NYSE: TGI]today announced that in light of the expiration of its current rights plan, its Board of Directors has adopted a new tax benefits preservation plan (the "Plan") designed to preserve Triumph's ability to utilize its net operating loss carryforwards and other tax attributes (collectively, "Tax Benefits").
  • The Plan is similar to the tax benefits preservation plan of Triumph dated as of March 13, 2019 (the "Expiring Plan") and plans adopted by other public companies with significant Tax Benefits, and is designed to continue to preserve the benefit of Triumph's Tax Benefits.
  • Triumph estimates that it will have Tax Benefits, including net operating losses, capital losses, research tax credits, foreign tax credits and disallowed business interest expense carryovers, approximating $326.4million as of March 31, 2022.
  • The adoption of the Plan is intended to ensure that the Company will be able to utilize its Tax Benefits.