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TGI Triumph Group Inc

14.29
0.47 (3.40%)
07 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Triumph Group Inc NYSE:TGI NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.47 3.40% 14.29 14.595 13.8901 13.94 668,748 01:00:00

Triumph Awarded Contract with Korea Aerospace Industries For KF-X Airframe Mounted Accessory Drive

01/03/2017 9:31pm

Business Wire


Triumph (NYSE:TGI)
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Triumph Group, Inc. (NYSE:TGI) was selected by Korea Aerospace Industries, Ltd. (KAI), to provide Airframe Mounted Accessory Drives (AMAD) on the new KF-X fighter aircraft. The contract is in support of the latest generation of the air superiority fighter, which is scheduled to make its first flight in mid-2022 and begin low-rate initial production in 2024. The KF-X program is slated to benefit the Republic of Korea Air Force and the Indonesian Air Force.

“We are pleased to support the KF-X fighter program, which will replace the aging Korean fleet of F-4s and F-5s, as well as equip the Indonesian Air Force,” said Tom Holzthum, executive vice president of Triumph Integrated Systems. “This win will allow Triumph to showcase the extensive capability and experience of our Geared Solutions business.”

Triumph Integrated Systems’ Geared Solutions site in Park City, Utah, will design and produce the AMADs, which receive and distribute engine power to operate generators, pumps and other aircraft systems, and also carry the main engine starter turbine. The AMADs on the KF-X fighter jet will feature the latest innovations in the company’s aircraft accessory gearbox product line.

Triumph Group, Inc., headquartered in Berwyn, Pa., designs, engineers, manufactures, repairs and overhauls a broad portfolio of aircraft structures, components, accessories, subassemblies and systems. The company serves a broad, worldwide spectrum of the aviation industry, including original equipment manufacturers of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers.

More information about Triumph can be found on the company’s website at http://www.triumphgroup.com.

Triumph Group, Inc.Michele LongDirector – Communications610-251-1000mmlong@triumphgroup.comorSheila G. SpagnoloVice President – Tax & Investor Relations610-251-1000sspagnolo@triumphgroup.com

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