$TGI (Triumph Group, Inc.)

$TGI {{ '2016-04-12T14:33:56+0000' | timeago}} • Announcement

$TGI said it is realigning into four business units from six to reduce the number of operating companies and locations and to enhance accountability, eliminate redundancies and reduce costs. $TGI said it will now align its organizational structure, operations and financial reporting for fiscal year 2017.

$TGI {{ '2017-05-30T19:08:53+0000' | timeago}} • Announcement

$TGI said it has been selected by $BA to support the V-22 Osprey Multiyear 3 contract, once approved. The contract is expected to be negotiated before the end of 2017 between Bell Boeing and the U.S. Navy. The agreement extends the statement of work $TGI currently has on the V-22 Multiyear 2 contract and also reinstates work.

$TGI {{ '2017-05-24T15:03:35+0000' | timeago}} • Webcast

$TGI won $500MM in competitive awards in 4Q17 and $1.2Bil over FY17. These wins are a mix of short-cycle component and MRO work and longer-cycle systems content. The company ended FY17 at a book-to-bill ratio of 0.97. $TGI’s pipeline remains healthy at $13Bil across 539 active opportunities.

$TGI {{ '2017-05-24T14:53:58+0000' | timeago}} • Webcast

For 4Q17, $TGI’s cash flow from operations was $454MM while free cash flow was almost $500MM driven by divestitures, program deliveries, contract settlements and customer advances. While these advances burn off over the next year or two, $TGI will continue to drive cash from operations in divestitures.

$TGI {{ '2017-05-24T12:35:08+0000' | timeago}} • Announcement

Bombardier Inc. and Triumph Aerostructures, a subsidiary of $TGI, entered into a comprehensive settlement agreement that resolves all outstanding commercial disputes related to the design, manufacture and supply of wing components for Bombardier’s Global 7000 business aircraft. Terms of the settlement were not disclosed.

$TGI {{ '2017-05-24T10:57:57+0000' | timeago}} • Announcement

Based on expected aircraft production rates and divestitures completed in FY17, $TGI expects FY18 revenue of about $3.1-3.2Bil, and will increase in FY19 as development programs enter into production and sales from new wins offset sunsetting programs.

$TGI {{ '2017-05-24T10:55:12+0000' | timeago}} • Announcement

$TGI's sales on an organic basis, excluding the impact of divestitures, for 4Q17 fell 13% from last year. This was primarily due to production rate reductions by customers on the 747-8, C-17 and G450/550 programs, changes in model mix, decreased volume in military end market and foreign exchange rates.

$TGI {{ '2017-05-24T10:53:25+0000' | timeago}} • Announcement

$TGI reported a narrower loss in 4Q17 on lower goodwill impairment charge for Triumph Aerospace Structures. Net loss narrowed to $126.8MM or $2.57 per share from $1.08Bil or $22.01 per share last year. Net sales fell to $919.91MM from $1.06Bil. Excluding impairment charge, EPS was $2.81 for 4Q17.

$TGI {{ '2017-05-22T17:13:35+0000' | timeago}} • Announcement

$TGI signed a new memorandum of agreement (MOA) with $BA. The MOA supports $TGI's participation in $BA's growth platforms within their commercial aircraft, defense programs, and global services market. This expands $TGI's traditional roles in aerospace structures and precision components into the areas of integrated systems and services.

$TGI {{ '2017-04-28T17:46:57+0000' | timeago}} • Announcement

$TGI BoD has declared a regular quarterly dividend of $0.04 per share on its outstanding common stock. The dividend is payable June 15, 2017 to shareholders as on June 1, 2017.

$TGI {{ '2017-04-17T21:27:38+0000' | timeago}} • Announcement

$TGI was selected by $BA to supply composite detail and assembly parts for the 787 Dreamliner. Under the contract, Triumph Precision Components – Composites Center of Excellence site in Milledgeville, Georgia, will produce and deliver composite details and assemblies for the 787 section 47/48 fuselage assembled in Charleston, South Carolina.

$TGI {{ '2017-04-11T11:01:43+0000' | timeago}} • Announcement

$TGI will supply gun bodies for BAE Systems’ M777 Howitzer in support of a $15MM contract with the U.S. Department of Defense.

$TGI {{ '2017-03-31T16:13:15+0000' | timeago}} • Announcement

$TGI said it was selected by Harbin Hafei Airbus Composite Manufacturing Centre Company Ltd. to supply composite parts for the Airbus A350 XWB aircraft. The contract, valued at about $26MM, covers the delivery of 700 shipsets of rudder component kits over the next 5-7 years for the A350 XWB program.

$TGI {{ '2017-03-31T16:12:20+0000' | timeago}} • Announcement

$TGI said it was selected by Harbin Hafei Airbus Composite Manufacturing Centre Company Ltd. (HHACMC) to supply composite parts for the Airbus A350 XWB aircraft. Triumph Precision Components' Composites Center of Excellence site in Thailand will produce the composite details for the rudder, which will be assembled at HHACMC in Harbin, China.

$TGI {{ '2017-03-02T13:28:17+0000' | timeago}} • Announcement

$TGI wins contract with Korea Aerospace Industries to provide airframe mounted accessory drives for the KF-X fighter aircraft. The KF-X program, slated to benefit the Republic of Korea Air Force and the Indonesian Air Force, plans its first flight in mid-2022 and begin low-rate initial production in 2024.

$TGI {{ '2017-02-15T13:42:59+0000' | timeago}} • Announcement

$TGI BoD declared a regular quarterly dividend of $0.04 per share on its outstanding common stock. The dividend is payable March 15, 2017 to shareholders of record as of March 1, 2017.

$TGI {{ '2017-02-02T16:12:08+0000' | timeago}} • Announcement

$TGI appointed Gary Tenison as its VP of Business Development effective Feb. 13, 2017. Tenison joins $TGI from Kaman Aerospace Corporation, where he last served as VP of Marketing and Business Development. He brings more than 30 years of aerospace industry experience to his new role.

$TGI {{ '2017-01-31T13:03:18+0000' | timeago}} • Announcement

$TGI was selected by Textron Aviation Inc. to supply aluminum machined parts for the new Cessna Citation Longitude super-midsize aircraft. Triumph Precision Components’ Complex High Speed Center of Excellence based in Wichita will produce the aluminum spars and wing skins for the Longitude program.

$TGI {{ '2017-01-25T12:22:24+0000' | timeago}} • Announcement

$TGI received an eight-year agreement with Rolls Royce, worth $52MM, to supply thrust links for the Trent XWB engine program. Triumph Precision Components will deliver the first components in 2019 following a two-year development period in which Triumph Integrated Systems will perform structural tests for the thrust link components.

$RTN {{ '2016-12-22T12:04:40+0000' | timeago}} • Announcement

$RTN recently contracted $TGI to provide 31 Servo Control Systems in support of the U.S. Navy's Next Generation Jammer Increment 1 program Engineering and Manufacturing Development phase. The Servo Control System consists of four electromechanical actuators and a servo electronics unit, for use in the inlet and exhaust door actuators on the pod.

$TGI {{ '2016-12-08T12:43:00+0000' | timeago}} • Announcement

$TGI and Gores Small Capitalization Partners, an affiliate of The Gores Group, announced definitive agreement to buy Triumph Air Repair, the Auxiliary Power Unit (APU) Overhaul Operations of Triumph Aviation Services - Asia, Ltd. and Triumph Engines - Tempe. The transaction is expected to close in early 2017.

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