Triumph Group

CPI Aerostructures Appoints Dorith Hakim as Chief Executive Officer, President and Director

Retrieved on: 
Wednesday, March 9, 2022

EDGEWOOD, N.Y., March 09, 2022 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (CPI Aero) (the Company) (NYSE American: CVU) today announced the appointment of Dorith Hakim as Chief Executive Officer, President and director effective immediately, replacing Douglas McCrosson who is leaving the Company to pursue other opportunities.

Key Points: 
  • EDGEWOOD, N.Y., March 09, 2022 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (CPI Aero) (the Company) (NYSE American: CVU) today announced the appointment of Dorith Hakim as Chief Executive Officer, President and director effective immediately, replacing Douglas McCrosson who is leaving the Company to pursue other opportunities.
  • Dorith brings to our Company extensive experience in the aerospace industry and expertise in program, product, supply chain, operations, manufacturing, and customer management.
  • Ms. Hakim earned an Executive Master of Business Administration from Texas Christian University and a Bachelor of Arts, Business Administration and Finance from H.E.C.
  • CPI Aero is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com, and follow us on Twitter @CPIAERO.us on Twitter @CPIAERO.

TRIUMPH GROUP ANNOUNCES THE SALE OF ITS STUART AEROSTRUCTURES BUSINESS TO DAHER AEROSPACE

Retrieved on: 
Wednesday, February 2, 2022

BERWYN, Pa., Feb. 2, 2022 /PRNewswire/ -- Triumph Group (NYSE:TGI)announced today that it has entered into a definitive agreement to sell its Stuart, Florida Aerostructures business to Daher Aerospace.The sale includes the Stuart, Florida business and the transfer of Stuart employees.

Key Points: 
  • BERWYN, Pa., Feb. 2, 2022 /PRNewswire/ -- Triumph Group (NYSE:TGI)announced today that it has entered into a definitive agreement to sell its Stuart, Florida Aerostructures business to Daher Aerospace.The sale includes the Stuart, Florida business and the transfer of Stuart employees.
  • "Upon closing of the sale of the Stuart operation, Triumph will have exited its structures business and is moving forward as a leading, pure-play provider of systems and aftermarket services," said Daniel Crowley, Triumph's Chairman, President and Chief Executive Officer.
  • "We are excited to partner with Daher who will benefit from the Stuart site's experienced workforce, significant capabilities, and strong customer relationships."
  • Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs, and overhauls a broad portfolio of aerospace and defense systems, components and structures.

Aerotrax Technologies signs Memorandum of Understanding with Triumph Group

Retrieved on: 
Monday, January 31, 2022

DALLAS, Jan. 31, 2022 /PRNewswire/ -- Aerotrax Technologies, Inc., a Dallas, Texas-based enterprise software company, today announced the signing of a Memorandum of Understanding ("MOU") with Triumph Group (NYSE: TGI) to commercially pilot the Aerotrax Maintenance, Repair and Overhaul (MRO) Service Management System, enabling real-time data sharing, collaboration, and communication with participating Triumph Group repair stations and customers.

Key Points: 
  • DALLAS, Jan. 31, 2022 /PRNewswire/ -- Aerotrax Technologies, Inc., a Dallas, Texas-based enterprise software company, today announced the signing of a Memorandum of Understanding ("MOU") with Triumph Group (NYSE: TGI) to commercially pilot the Aerotrax Maintenance, Repair and Overhaul (MRO) Service Management System, enabling real-time data sharing, collaboration, and communication with participating Triumph Group repair stations and customers.
  • "We are excited to take this important step with Triumph Group," said David Bettenhausen, Chief Executive Officer of Aerotrax Technologies.
  • "We've been building in semi-stealth for over two years now, spending much of that time collaborating closely with the outstanding people at Triumph Group.
  • Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs, and overhauls a broad portfolio of aerospace and defense systems, components, and structures.

Triumph Group to Webcast Third Quarter Fiscal Year 2022 Earnings Conference Call

Retrieved on: 
Tuesday, January 25, 2022

BERWYN, Pa., Jan.25, 2022 /PRNewswire/ --Triumph Group, Inc. (NYSE: TGI) will release third quarter fiscal year 2022 earnings on February 9, 2022 and will host a conference call that day at 8:30 a.m.

Key Points: 
  • BERWYN, Pa., Jan.25, 2022 /PRNewswire/ --Triumph Group, Inc. (NYSE: TGI) will release third quarter fiscal year 2022 earnings on February 9, 2022 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.

PERATON APPOINTS DAN OSTROSKY AS CHIEF PROCUREMENT OFFICER

Retrieved on: 
Tuesday, January 18, 2022

HERNDON, Va., Jan. 18, 2022 /PRNewswire/ --Peraton has announced the appointment of Dan Ostrosky as senior vice president and Chief Procurement Officer, effective January 17, 2022.

Key Points: 
  • HERNDON, Va., Jan. 18, 2022 /PRNewswire/ --Peraton has announced the appointment of Dan Ostrosky as senior vice president and Chief Procurement Officer, effective January 17, 2022.
  • Ostrosky will report to Jim Winner, Peraton's executive vice president and Chief Legal Officer.
  • "Dan brings decades of proven experience in both procurement and P&L leadership and has a thorough understanding of how a strategically-aligned Procurement organization can be a force multiplier, helping Peraton meet its growth and financial goals."
  • Prior to his position at Banbury, he served as corporate vice president and Chief Procurement Officer for Triumph Group.

TRIUMPH GROUP APPOINTS CRAIG COOPER TO VICE PRESIDENT, INTEGRATED SUPPLY CHAIN AND OPERATIONS

Retrieved on: 
Tuesday, January 11, 2022

BERWYN, Pa., Jan. 10, 2022 /PRNewswire/ --Triumph Group (NYSE:TGI) ("Triumph" or the "Company") today announced the appointment of Craig Cooper to Vice President, Integrated Supply Chain and Operations.

Key Points: 
  • BERWYN, Pa., Jan. 10, 2022 /PRNewswire/ --Triumph Group (NYSE:TGI) ("Triumph" or the "Company") today announced the appointment of Craig Cooper to Vice President, Integrated Supply Chain and Operations.
  • Mr. Cooper joined the Company in July of 2016 as Vice President, Supply Chain for Aerospace Structures and most recently served as the Vice President, Strategic Supply Chain for Triumph Group where he played a key role in our work transfer and inventory reduction efforts.
  • Since joining Triumph in 2016, Craig has successfully implemented a center-led supply chain strategy in direct support of the One Triumph vision.
  • His efforts to align and leverage the supply chain function across the corporation have resulted in significant improvements to the overall financial and operational results for Triumph.

Worldwide Aerospace Fluid Conveyance Systems Industry to 2026 - Key Drivers and Challenges - ResearchAndMarkets.com

Retrieved on: 
Tuesday, December 7, 2021

The "Aerospace Fluid Conveyance Systems Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Aerospace Fluid Conveyance Systems Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026" report has been added to ResearchAndMarkets.com's offering.
  • Aircraft fluid conveyance system primarily includes hoses, tubes, and metallic and composite ducts (high-pressure and low-pressure ducts.
  • The aerospace fluid conveyance systems, a sizeable market, could not escape from such trends and witnessed a colossal decline (-27% in 2020) amid the pandemic.
  • With the lowest decline in the demand for aerospace fluid conveyance systems by the pandemic, Asia-Pacific is expected to remain the fastest-growing region in the market during the forecast period.

Global $2.6 Billion Aircraft Gearbox Market by Application, Type, End User, Platform, Component and Region - Forecast to 2026 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, November 30, 2021

The major growth drivers for this market include an increase in demand for lightweight aircraft components and the demand for new aircraft.

Key Points: 
  • The major growth drivers for this market include an increase in demand for lightweight aircraft components and the demand for new aircraft.
  • The North American region is estimated to lead the aircraft gearbox market in the forecast period.
  • The growth of the North America aircraft gearbox market is primarily driven by increasing focus on increasing investments in R&D of aircraft gearbox by countries in this region.
  • In addition, factors including rising demand for lightweight and fuel-efficient turboprop and piston engine aircraft are expected to drive the demand for the aircraft gearbox market in the region.

Whatfix Ranked Number 143 Fastest-Growing Company in North America on the 2021 Deloitte Technology Fast 500™

Retrieved on: 
Wednesday, November 17, 2021

SAN JOSE, Calif., Nov. 17, 2021 /PRNewswire/ -- Whatfix, a leader in Digital Adoption Solutions (DAS), today announced it ranked 143 on the Deloitte Technology Fast 500 , a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 27th year.

Key Points: 
  • SAN JOSE, Calif., Nov. 17, 2021 /PRNewswire/ -- Whatfix, a leader in Digital Adoption Solutions (DAS), today announced it ranked 143 on the Deloitte Technology Fast 500 , a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 27th year.
  • "We're proud to be recognized as the highest-ranked digital adoption platform in the Technology Fast 500," said Khadim Batti.
  • "Each year, the Technology Fast 500 shines a light on leading innovators in technology and this year is no exception," said Paul Silverglate , vice chair, Deloitte LLP and U.S. technology sector leader.
  • Now in its 27th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies both public and private in North America.

ArmorWorks Announces Senior Leadership Positions with Appointment of Kevin Dahlin as CEO

Retrieved on: 
Tuesday, November 2, 2021

PHOENIX, Nov. 2, 2021 /PRNewswire/ -- ArmorWorks Enterprises , LLC ("ArmorWorks"), a leading designer and manufacturer of high-tech military survivability products, today announced new senior leadership positions with the appointment of experienced aerospace and defense industry executive Kevin Dahlin as Chief Executive Officer.

Key Points: 
  • PHOENIX, Nov. 2, 2021 /PRNewswire/ -- ArmorWorks Enterprises , LLC ("ArmorWorks"), a leading designer and manufacturer of high-tech military survivability products, today announced new senior leadership positions with the appointment of experienced aerospace and defense industry executive Kevin Dahlin as Chief Executive Officer.
  • Angus Littlejohn, Chairman of ArmorWorks, said, "Kevin has served as interim CEO since June and having the opportunity to work closely with him we are excited to see him assume the role of full time CEO.
  • His leadership style and industry knowledge will help propel ArmorWorks to new levels and further strengthen the business.
  • Mr. Dahlin has extensive experience with complex components manufacturers in the aerospace and defense industries.