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Triumph Group (TGI) Announces Receipt of G650 Program Order Valued at $300M

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Triumph Group Receives Order to Deliver G650 Wings Through 2018

October 25, 2016 10:54 AM EDT

BERWYN, Pa.--(BUSINESS WIRE)-- Triumph Group, Inc. (NYSE: TGI) announced the receipt of an additional delivery order from Gulfstream for the production of wing and wing components for the G650 program. The add-on work is valued at approximately $300 million and extends through 2018. Triumph Group assumed production of the G650 wing in January 2015 from Spirit AeroSystems.

We are pleased to continue to support the G650 program, said MaryLou Thomas, executive vice president for Triumph Aerospace Structures. Our history with Gulfstream dates back to the G-II, and they remain a valued partner.... More