Log in to use our free company, program and sector update tracker feature.
 

Front page

Triumph Group announces the sale of metallics machining business to NWI Holdings

Triumph Group, Inc. announced a definitive agreement to sell its metallics machining operations to NWI Holdings, an affiliate of TECT Aerospace and TECT Power. TECT Aerospace manufactures complex aerostructure components, parts and assemblies from the full spectrum of traditional and aerospace alloys, and is headquartered in Wichita, Kansas. TECT Power, headquartered in Fort Mitchell, KY, is a leading provider of complex rotating and structural airfoil components for turbine engines used in commercial aerospace, business jet, defense and industrial markets.

"The sale of Triumph's machining businesses to NWI Holdings is another step forward in our strategic initiative to exit non-core build-to-print, contract manufacturing businesses to generate shareholder value. Triumph continues to transform its portfolio, reduce debt and position the business for reinvestment in new areas of opportunity," said Dan Crowley, President and CEO of Triumph Group. "Our machining businesses are an excellent fit with NWI Holdings and their TECT affiliates, and we are confident they will effectively drive synergies between the two companies."

The metallics machining operations included in the agreement are Triumph Structures – Kansas City, Inc., Triumph Structures – Wichita, Inc., Triumph Gear Systems – Toronto, ULC and Triumph Northwest (The Triumph Group Operations, Inc.) in Oregon. The businesses provide vertically integrated assemblies, high velocity machining of monolithic components and machining of hard metal components used to manufacturer a wide variety of aerostructures. Capabilities include monolithic large parts, specialty links and tubes, as well as refractory metal forging and machining. Combined, the businesses generated revenues of approximately $121 million during Triumph Group's fiscal year ended March 31, 2018.

The transaction is subject to customary conditions and is expected to close in the next few months.

Press release issued by Triumph Group, Inc. on January 24, 2019

 

 Contact details from our directory:
Triumph Group, Inc. Aircraft Structural Components, Metal Matrix Composite Structures
TECT Aerospace, Inc. Aircraft Structural Components, Metal Structures, Turbine Engine Blades, Compressors, Impellers, Diffusers, Rotor Hub Assemblies, Shafts & Shaft Assemblies
TECT Power Diffusers, Impellers, Forging, Helicopter Rotors, Turbine Engine Rotors, Grinding, Turning, Electrical Discharge Machining, Machining Systems, Metal & Alloy Forgings, Milling, Struts, Turbochargers, Aircraft Structural Components, Precision Machined Parts, Machining Services, Turbine Engine Blades, Wing Spars, Final Assembly, Flap/Slat Mechanisms, Turbine Engine Vanes, Blisks
Triumph Structures - Wichita Machining Services, Turning, Fabricating Services, Waterjet Services, Milling, Wing Spars, Wings

 

 Related directory sectors:
Structural Components

Enhanced listings:


Airmo Inc. Pressure Technologies
Airmo manufactures systems and tools for hydrostatic testing, end forming, tube expansion, and high-pressure accessories to 60,000psi (4,137bar).

W.L. Gore & Associates
High performance sealants, surface protection materials, microwave/RF assemblies, high speed data connections, and aircraft connectivity solutions.

Bandy Manufacturing
Bandy Manufacturing is the leading supplier of standard and custom hinges to the aerospace industry.

Capacitec
Capacitec Gapman Gen3 portable “electronic feeler gauge” measures very small gaps (200 microns) in airframe parts assembly

AMETEK PDS -Power and Data Systems
Global design and manufacturer of components and systems to the aerospace & defense industry for over 80 years.

See our advertising tariff.

 

X
Monthly page limit exceeded. Please buy a subscription.

© Airframer Limited, operated under licence by Stansted News Limited 2019. Terms & Conditions of reading. Privacy policy