Triumph Partners with Gulfstream to Optimize Business Jet Structures Supply Chain
“In response to the strong demand for the G650, G500, and G600
platforms, Triumph is working with Gulfstream to complete the assembly
of components now jointly produced at both our companies in fewer, but
more focused locations where investments in automation and the
co-location of the assembly line can support higher rates of production
with increased quality levels,” said
Specifically, the G650 wing box and wing completion work, which are now
co-produced across three facilities at both companies, are planned for
consolidation into Gulfstream’s structures center of excellence in
These strategic actions are expected to optimize efficiencies across all three Gulfstream programs. Triumph anticipates that these actions, once executed, will have a positive impact on the Company’s long-term financial performance.
More information about Triumph can be found on the company’s website at http://www.triumphgroup.com.
Statements in this release which are not historical facts are
forward-looking statements under the provisions of the Private
Securities Litigation Reform Act of 1995, including statements about
future program efficiencies and long-term financial performance. All
forward-looking statements involve risks and uncertainties which could
affect the company’s actual results and could cause its actual results
to differ materially from those expressed in any forward-looking
statements made by, or on behalf of, the company. Further information
regarding the important factors that could cause actual results to
differ from projected results can be found in Triumph Group’s reports
filed with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20180403006545/en/
Source:
Triumph Group, Inc.
Michele Long, 610-251-1000
Senior Director
– Communications
mmlong@triumphgroup.com
or
Sheila
G. Spagnolo, 610-251-1000
Vice President – Tax & Investor Relations
sspagnolo@triumphgroup.com