Aerospace and Defense
Company Overview of Triumph Aerostructures, LLC
Triumph Aerostructures, LLC engages in the manufacture and supply of aerostructures for commercial, military, and business jet aircraft worldwide. The company offers fuselages, wings, empennages, nacelles, and helicopter cabins to aerospace original equipment manufacturers. It also provides design, testing, manufacturing, and support services. Triumph Aerostructures, LLC was formerly known as Vought Aircraft Industries, Inc. and changed its name to Triumph Aerostructures, LLC in June 2010 as a result of its acquisition by Triumph Group, Inc. The company was founded in 1917 and is based in Dallas, Texas. Triumph Aerostructures, LLC operates as a subsidiary of Triumph Group, Inc.
9314 West Jefferson Boulevard
Dallas, TX 75211
Founded in 1917
Key Executives for Triumph Aerostructures, LLC
Chief Financial Officer and Executive Vice President
President of Vought Commercial Division - Vought Aircraft Division
Vice President, Secretary and General Counsel
Principal Accounting Officer and Corporate Controller
Compensation as of Fiscal Year 2014.
Triumph Aerostructures, LLC Key Developments
Triumph Aerostructures Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2015
May 7 15
Triumph Aerostructures reported unaudited earnings results for the fourth quarter and full year ended March 31, 2015. For the quarter, the company reported net sales of $704.5 million compared to $632.6 million in the prior fiscal year period. Organic sales for the quarter declined 3% primarily due to decreased production on the C-17 and 747-8 programs. Operating income was $86.9 million, compared to operating income of $36.2 million for the prior year period, and included $4.2 million of pre-tax charges related to the Jefferson Street/Red Oak facility transition. Capital expenditure was $18.277 million compared to $34.993 million a year ago.
For fiscal year 2015, net sales were $2.508 billion as compared to $2.612 billion for the prior fiscal year. Operating income for fiscal year 2015 was $127.5 million, compared to $255.0 million for the prior fiscal year. The segment’s operating results for the quarter included a net unfavorable cumulative catch-up adjustment on long-term contracts of $1.2 million primarily related to the C-17 program. The segment’s operating margin for the quarter was 12%. Excluding the Jefferson Street/Red Oak facility transition costs and the 747-8 program, the segment’s operating margin for the quarter was 15%. Capital expenditure was $72.242 million compared to $167.198 million a year ago.
Gulfstream Aerospace Corp. Selects Triumph Aerostructures, LLC as to Build Wing Structural Components for the G500/600 Business Jet
Oct 29 14
Triumph Group Inc. announced Triumph Aerostructures has been selected by Gulfstream Aerospace Corp. to build wing structural components for the G500/600 business jet. The contract is worth approximately $250.0 million. Production of the structural components will be performed at the company's facilities in Nashville, Tennessee and Los Angeles, California. In addition to the wing structural components, Triumph Actuation Systems - Connecticut has also been selected by UTC Aerospace Systems to design and build the G500/600 nose wheel steering system. The contract is worth approximately $80.0 million with the design and build being performed at the company's facilities in Bloomfield and East Lyme, Connecticut.
Airbus Selects Triumph for A319 and A320 Sharklet Wing Reinforcement Kit
May 20 14
Airbus Group has selected Triumph Aerostructures-Vought Aircraft Divisionto provide the wing reinforcement kit that allows for the installation of Sharklets on the Airbus A319 and A320 in-service aircraft. The kit consists of multiple subassemblies and components that reinforce the wing for the Sharklet loads. The multi-year contract is worth over $160.0 million. Production will be done at the company's Nashville, Tennessee facility, with first delivery expected early 2015.
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