Triumph Group

Glancy Prongay & Murray LLP Announces Investigation of Triumph Group, Inc. (TGI)

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星期五, 五月 31, 2024
Class Action Lawsuit, Professional Services, Legal, Triumph Group, Helmsley Building, Suite, TGI, GPM

Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Triumph Group, Inc. (NYSE: TGI) concerning the Company and its directors’ and officers’ possible violations of state laws.

Key Points: 
  • Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Triumph Group, Inc. (NYSE: TGI) concerning the Company and its directors’ and officers’ possible violations of state laws.
  • If you inquire by email please include your mailing address, telephone number, and the number of shares purchased and held.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20240531309699/en/

TRIUMPH to Webcast Fourth Quarter Fiscal Year 2024 Earnings Conference Call

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星期一, 五月 13, 2024
Triumph Group, Webcast, TGI, Broadcasting

RADNOR, Pa., May 13, 2024 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) will release fourth quarter fiscal year 2024 earnings on May 23, 2024, 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 23, 2024
    RADNOR, Pa., May 13, 2024 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) will release fourth quarter fiscal year 2024 earnings on May 23, 2024, 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 in Radnor, Pennsylvania, designs, develops, manufactures, repairs and overhauls a broad portfolio of aerospace and defense systems, subsystems and components.

DIRECTOR OF GLOBAL SALES AND MARKETING TAPPED TO ANCHOR GROWTH STRATEGY

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星期二, 四月 16, 2024
MMC2, Triumph Group, BMG, Tornos, Woman, Marketing, Culture, Management

TRUMBAUERSVILLE, Pa., April 16, 2024 /PRNewswire/ -- Bracalente Manufacturing Group (BMG) has recruited Chris Lampitoc to lead its Global Sales and Marketing team just months after acquiring Millennium Manufacturing Group. Mr. Lampitoc has a storied career beginning with his steady climb at Triumph Group. Working within the Mechanical Solutions division, he managed the non-aerospace and aerospace aftermarket programs and ended his tenure as the Director of Sales and Marketing at Triumph Controls. Pursuing his passion in manufacturing, he was hired at Greene Tweed to manage their global aerospace sales organization. He later assumed a product line Director role, which spanned aerospace & defense, semiconductor, energy, industrial, and life sciences. His commitment to process and cross-functional development helped leverage the product portfolio and grow the overall business.

Key Points: 
  • TRUMBAUERSVILLE, Pa., April 16, 2024 /PRNewswire/ -- Bracalente Manufacturing Group (BMG) has recruited Chris Lampitoc to lead its Global Sales and Marketing team just months after acquiring Millennium Manufacturing Group.
  • Working within the Mechanical Solutions division, he managed the non-aerospace and aerospace aftermarket programs and ended his tenure as the Director of Sales and Marketing at Triumph Controls.
  • Pursuing his passion in manufacturing, he was hired at Greene Tweed to manage their global aerospace sales organization.
  • Chris' expertise in sales and marketing along with his process-oriented initiatives are strong pathways for us to build upon."

U.S. Military Helicopters Rely on Green Hills Software for Engine Control

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星期四, 四月 11, 2024
RTCA, Triumph Group, ECU, Safety, Sikorsky SH-60 Seahawk, Boeing 787 Dreamliner, Certification, FADEC, IDE, Software, DAL, CAST-32A, Electronics, Advanced technology, Écu, Failure, AC, EUROCAE, Boeing, Artifact, Honeywell, Video game

SANTA BARBARA, Calif., April 11, 2024 /PRNewswire/ -- Green Hills Software announced that the INTEGRITY®-178 real-time operating system (RTOS) is deployed in the engine control units (ECUs) from Triumph Group, Inc. (TRIUMPH) for a wide variety of U.S. military helicopters, including the AH-64D Apache, CH-47D/F & MH-47D/F/G Chinook, UH-60L/M/V Black Hawk, HH-60 Pave Hawk, MH-60 Jayhawk, and SH-60 Sea Hawk. As flight-critical systems, those ECUs running INTEGRITY-178 have been developed to RTCA/DO-178B Design Assurance Level A (DAL A). TRIUMPH has also selected the INTEGRITY-178 tuMP™ multicore RTOS for its next generation of ECUs, which has applications running concurrently on all cores of a quad-core processor. Those TRIUMPH ECUs rely on the multicore robust partitioning provided by INTEGRITY-178 tuMP to the same level as for single-core processors. TRIUMPH selected the INTEGRITY-178 RTOS for the security and determinism of its DAL A partition scheduler, the quality of its certification artifacts for RTCA/DO-178B DAL A, and the high productivity of its MULTI® integrated development environment (IDE).

Key Points: 
  • Those TRIUMPH ECUs rely on the multicore robust partitioning provided by INTEGRITY-178 tuMP to the same level as for single-core processors.
  • Some TRIUMPH ECU models are Full Authority Digital Engine Controls (FADECs), which have complete control of the engine without pilot backup.
  • For example, the EMC-100 FADEC is a sophisticated, low-cost, dual-channel engine control in a single housing.
  • The software is organized in a multi-partition architecture, with application-specific control system software running in isolated partitions on the INTEGRITY-178 RTOS.

AAR Prices Upsized Offering of Senior Notes to Finance Triumph Product Support Acquisition

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星期三, 二月 14, 2024
Acquisition, WOOD, Regulation, Person, Aviation, Original equipment manufacturer, Sale, AAR, Line of credit, Triumph Group, TGI, AIR, Hand, Credit, Security (finance)

The offering was upsized to $550 million from the original offering size of $500 million in aggregate principal amount of Notes.

Key Points: 
  • The offering was upsized to $550 million from the original offering size of $500 million in aggregate principal amount of Notes.
  • The Company intends to use the net proceeds of the senior notes offering to fund a portion of the purchase price for its pending acquisition of Triumph Group's (NYSE: TGI) Product Support business (the "Triumph Product Support Acquisition").
  • If the senior notes offering closes substantially concurrently with the consummation of the Triumph Product Support Acquisition, the Notes will not be subject to the aforementioned procedures.
  • Prior to the consummation of the Triumph Product Support Acquisition, the Notes will be the sole obligation of the Escrow Issuer.

AAR announces update to financing of Triumph Product Support acquisition

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星期三, 二月 14, 2024
Acquisition, WOOD, Regulation, Person, Aviation, Original equipment manufacturer, Sale, AAR, Line of credit, Triumph Group, TGI, AIR, Hand, Credit, Security (finance)

The Company intends to use the net proceeds of the proposed senior notes offering to fund a portion of the purchase price for its pending acquisition of Triumph Group's (NYSE: TGI) Product Support business (the "Triumph Product Support Acquisition").

Key Points: 
  • The Company intends to use the net proceeds of the proposed senior notes offering to fund a portion of the purchase price for its pending acquisition of Triumph Group's (NYSE: TGI) Product Support business (the "Triumph Product Support Acquisition").
  • If the proposed senior notes offering closes substantially concurrently with the consummation of the Triumph Product Support Acquisition, the Notes will not be subject to the aforementioned procedures.
  • Prior to the consummation of the Triumph Product Support Acquisition, the Notes will be the sole obligation of the Escrow Issuer.
  • Substantially concurrently with the consummation of the Triumph Product Support Acquisition, the Escrow Issuer will merge with and into the Company, with the Company continuing as the surviving entity.

TRIUMPH ESTABLISHES NEW THERMAL SOLUTIONS DEVELOPMENT CENTER

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星期一, 二月 5, 2024
Community development, Sikorsky, General Atomics, Triumph Group, Control, Lockheed, Bell, Grumman, Engineering

RADNOR, Pa., Feb. 5, 2024 /PRNewswire/ -- Triumph Group, Inc. (TRIUMPH) (NYSE: TGI) announces the establishment of a state-of-the-art Thermal Solutions Development Center located in the existing TRIUMPH Systems Electronics and Controls business in West Hartford, Connecticut.

Key Points: 
  • RADNOR, Pa., Feb. 5, 2024 /PRNewswire/ -- Triumph Group, Inc. (TRIUMPH) (NYSE: TGI) announces the establishment of a state-of-the-art Thermal Solutions Development Center located in the existing TRIUMPH Systems Electronics and Controls business in West Hartford, Connecticut.
  • The opening of the Thermal Solutions Development Center is further evidence of TRIUMPH expanding on their already extensive thermal capabilities.
  • "TRIUMPH is excited to announce the opening of our new Thermal Solutions Development Center, a key milestone in the development of our industry leading thermal capabilities.
  • "We are increasingly engaged with the development of new thermal system solutions with key customers and partners such as Lockheed Martin, Northrop Grumman, Sikorsky, Bell, and General Atomics."

TRIUMPH to Webcast Third Quarter Fiscal Year 2024 Earnings Conference Call

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星期一, 一月 22, 2024
Triumph Group, TGI, Webcast, Broadcasting

RADNOR, Pa., Jan. 22, 2024 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) will release third quarter fiscal year 2024 earnings on February 7, 2024, 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 February 7, 2024
    RADNOR, Pa., Jan. 22, 2024 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) will release third quarter fiscal year 2024 earnings on February 7, 2024, 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 in Radnor, Pennsylvania, designs, develops, manufactures, repairs and overhauls a broad portfolio of aerospace and defense systems, subsystems and components.

TRIUMPH RECEIVES ENVIRONMENTAL AWARDS

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星期三, 一月 17, 2024
City, ESG, Triumph Group, Combat support, Risk management, Air pollution, Air North, TGI, Atmosphere, Renewable energy

RADNOR, Pa. , Jan. 17, 2024 /PRNewswire/ -- Triumph Group, Inc. (TRIUMPH) [NYSE:TGI] today announced that its Product Support business in Grand Prairie, Texas recently received multiple environmental awards from the City of Grand Prairie.

Key Points: 
  • RADNOR, Pa. , Jan. 17, 2024 /PRNewswire/ -- Triumph Group, Inc. (TRIUMPH) [NYSE:TGI] today announced that its Product Support business in Grand Prairie, Texas recently received multiple environmental awards from the City of Grand Prairie.
  • TRIUMPH received the 2022-2023 Pretreatment 100% Compliance Award, an award that acknowledges their compliance with the city's wastewater pretreatment and environmental requirements.
  • Along with receiving the 2022-2023 award, TRIUMPH was recognized for their achievement for winning the Pretreatment 100% Compliance Award for the last five years.
  • "These awards are just one example of the dedication we have to improving our overall environmental standards in the Dallas-Fort Worth area," said Jim Berberet, President of TRIUMPH Product Support.

TRIUMPH ANNOUNCES SALE OF PRODUCT SUPPORT BUSINESS TO AAR

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星期四, 十二月 21, 2023
Slate, AIR, Goldman Sachs, MRO, OEM, LLP, Combat support, Interiors, Control, TGI, Adjustment, IP, Electronics, AAR, Triumph Group

RADNOR, Pa., Dec. 21, 2023 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") announced today that it has entered into a definitive agreement with AAR CORP. (NYSE: AIR) to sell its Product Support business. The transaction is valued at $725 million, representing a 14.5x trailing 12 months Adjusted EBITDAP multiple as of September 30, 2023. The primary intended use of proceeds from the transaction is debt reduction. The net after-tax proceeds are expected to be approximately $700 million, resulting in pro forma net leverage of approximately 4.0x net debt to Adjusted EBITDAP as of March 2024.

Key Points: 
  • RADNOR, Pa., Dec. 21, 2023 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") announced today that it has entered into a definitive agreement with AAR CORP. (NYSE: AIR) to sell its Product Support business.
  • The Product Support business is an industry leader in the Maintenance, Repair and Overhaul (MRO) of structures and airframe and engine accessories, servicing both the commercial and military aftermarkets across five primary locations.
  • This transaction creates a win-win-win arrangement between TRIUMPH, AAR, and our customers by enabling TRIUMPH to greatly accelerate our deleveraging progress while placing our third-party Product Support business with a market-leading MRO company that has a proven track record of customer support" said Dan Crowley, TRIUMPH's chairman, president, and chief executive officer.
  • Goldman Sachs is acting as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel on the transaction to TRIUMPH.