Triumph Group Stock

Triumph Group, Inc. (Triumph) designs, engineers, manufactures, repairs, and overhauls a broad portfolio of aerospace and defense systems, subsystems, components, and structures.

The company serves the global aviation industry, including original equipment manufacturers (OEMs) and the full spectrum of military and commercial aircraft operators through the aircraft life cycle.

Products and Services

The company offers a variety of products and services to the aerospace industry through two operating segments: Triumph Systems & Support, whose companies design, develop, and support proprietary components, subsystems, and systems; produce complex assemblies using external designs; and provide full life cycle solutions for commercial, regional, and military aircraft; and Triumph Interiors, whose companies supply commercial, and regional manufacturers with aircraft interior systems, including air ducting and thermal acoustic insulation systems.

Systems & Support’s capabilities include hydraulic, mechanical, and electromechanical actuation; power and control; a complete suite of aerospace gearbox solutions, including engine accessory gearboxes and helicopter transmissions; active and passive thermal solutions technology; fuel pumps, fuel metering units, and full authority digital electronic control fuel systems; hydromechanical and electromechanical primary and secondary flight controls; and a broad spectrum of surface treatment options.

The products and capabilities within this group include the design, manufacture, build and repair of aircraft and engine-mounted accessory drives; cargo hooks; cockpit control levers; control system valve bodies; electronic engine controls; exhaust nozzles and ducting; geared transmissions and drive train components; fuel-metering units; vibration absorbers; thermal control systems and components; high lift actuation; hydraulic systems and components; landing gear actuation systems; landing gear components and assemblies; main engine gear box assemblies; main fuel pumps; and secondary flight control systems.

Extensive product and service offerings include full post-delivery value chain services that simplify the maintenance, repair, and overhaul (‘MRO’) supply chain. Through its ground support equipment maintenance, component MRO, and postproduction supply chain activities, Systems & Support is positioned to provide integrated repair solutions globally. Capabilities include metallic and composite aircraft structures; nacelles; thrust reversers; interiors; auxiliary power units; and a wide variety of pneumatic, hydraulic, fuel, and mechanical accessories. Companies in Systems & Support repair and overhaul various components for the aviation industry, including air cycle machines; APUS; constant speed drives; engine and airframe accessories; flight control surfaces; integrated drive generators; nacelles; remote sensors; thrust reversers; blades and vanes; cabin panes, shades, light lenses and other components; combustors; stators; transition ducts; sidewalls; light assemblies; overhead bins; and fuel bladder cells.

Interiors products include thermo-acoustic insulation systems, environmental control system ducting, and other aircraft interior components.

Sales, Marketing, and Engineering

Each of the company’s operating companies maintains responsibility for selling and marketing its specific products. These businesses are responsible for selling aerospace engineered products, integrated assemblies, cabin acoustic insulation and repair and overhaul services, reaching across the company’s operating companies, to its OEM, military, airline, and air cargo customers. In certain limited cases, the company uses independent, commission-based representatives to serve the company’s customers' changing needs in some of the markets and geographic regions in which the company operates.

Triumph also maintains two account executives, for Boeing and Airbus, who coordinate corporate selling activities at these two key customers. Additionally, Triumph has established multiple Customer Focus Teams (‘CFT’), which are cross functional teams focused on Triumph’s activities, performance, growth plans and coordination with large customers.

Significant Customers

A significant portion of the company’s net sales are to the Boeing Company (‘Boeing’). The company derives a significant portion of its revenue from the U.S. Government, primarily from defense-related programs with the U.S. Department of Defense (‘U.S. DoD’).

The company’s OEM customers include Boeing, Airbus, Bell Helicopter, Bombardier, Cessna, General Electric, Gulfstream, Honeywell, Lockheed Martin, Northrop Grumman, Raytheon, General Electric, Rolls Royce, and Sikorsky.

Government Regulation, Including Environmental Regulations and Industry Oversight

The company must be certified by the Federal Aviation Administration (FAA), and in some cases, by individual OEMs, in order to engineer and service parts and components used in specific aircraft models.

The company must also satisfy the requirements of its customers, including OEMs, that are subject to FAA regulations, and provide these customers with products and repair services that comply with the government regulations applicable to aircraft components used in commercial flight operations.

The company’s operations are in material compliance with the Occupational Safety and Health Act of 1970’s health and safety requirements.

The company’s business, operations, and facilities are subject to numerous stringent federal, state, local, and foreign environmental laws and regulations by government agencies, including the Environmental Protection Agency (‘EPA’).

Competition

The company faces competition from non-OEM component manufacturers, including Parker, Eaton, Honeywell, Transdigm, and UTC Aerospace Systems.

History

Triumph Group, Inc. was founded in 1993. The company was incorporated in 1993 in Delaware.