Triumph Product Support Announces LTA Extension with Pratt & Whitney
10 April 2018 - 10:00PM
Business Wire
Triumph Group, Inc. (NYSE:TGI) announced today that its Grand
Prairie, TX based Product Support business has extended a long-term
agreement with Pratt & Whitney for engine Line Replaceable Unit
(LRU) repairs. Under the agreement, Triumph Product Support’s
Accessory Services business based out of Grand Prairie, Texas will
service LRUs for the V2500, PW2000 and PW4000 engine models through
2019. The work will originate from global Pratt & Whitney
engine shops.
The contract extension expands the level of support Triumph
Product Support provides for the engine manufacturer. In recent
years Triumph has provided approximately 2,000 LRUs per year to
Pratt & Whitney, a 220 percent increase, since their initial
maintenance service contract was signed in 2002. Furthermore, the
new contract will allow Triumph to expand the number of Air
Transport Association (ATA) Chapter service and repair offerings in
support of select Pratt & Whitney engines.
“We are very proud to continue to collaborate with Pratt &
Whitney in support of their global network of engine repair
facilities,” said Mike Abram, executive vice president for Triumph
Product Support. “Pratt & Whitney is a key customer for our
Accessory Services business. Our goal is to be their supplier of
choice for all current and next generation engines.”
Triumph Product Support looks to grow its business by expanding
their capability and services on new aircraft, expanding rotable
offerings and increasing the number of next generation aircraft and
engines they support. Through the Triumph Total Life Cycle (TLC)
Solutions program Product Support works closely with carriers, and
airframe and engine OEMs providing seamless support throughout the
aircraft lifecycle. With more than 30 maintenance, repair and
overhaul locations globally, the company offers a wide breadth of
technical expertise and services, when and where customers need
it.
Triumph Accessory Services-Grand Prairie is an ISO 9001:2008
certified facility that specializes in the maintenance, repair and
overhaul of engine accessories, including fuel pumps, fuel
controls, temperature sensors, lubrication pumps, heat exchangers,
fuel flow transmitters, engine speed sensors, engine mounts,
active-clearance control valves, anti-ice valves, hydraulic pumps,
actuators and starters.
Triumph Group, Inc., headquartered in Berwyn, Pennsylvania,
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180410005289/en/
Triumph Group, Inc.Michele LongSenior Director –
Communications610-251-1000mmlong@triumphgroup.comorSheila G.
SpagnoloVice President – Tax & Investor
Relations610-251-1000sspagnolo@triumphgroup.com
Triumph (NYSE:TGI)
Historical Stock Chart
From Apr 2024 to May 2024
Triumph (NYSE:TGI)
Historical Stock Chart
From May 2023 to May 2024