Triumph Group, Inc. (NYSE: TGI) was founded by Richard C. Ill in 1993 and is headquartered in Berwyn, Pennsylvania, USA. It has 14,309 full-time employees. It is an American military enterprise that designs, improves, and manufactures aircraft components. , Avionics, etc.
Triumph Group, Inc. (TGI):
Triumph Group is engaged in the design, engineering, manufacturing, repair, overhaul and sales of aircraft structures, aircraft components, accessories, components and systems, providing services for the aviation industry, including commercial, regional, commercial, military aircraft and aircraft component OEMs, and commercial With regional aircraft and air cargo companies. Triumph Group is divided into 4 departments to operate: Integrated Systems (Integrated Systems), Aerospace Structures (Aerospace Structures), Precision Components (Precision Components), and Product Support (product support).
Triumph Group provides accessory drivers for aircraft and engine installations, thermal control systems and components, cargo hooks, high-lift drives, cockpit joysticks, hydraulic systems and components, landing gear drive systems, control system valve bodies, landing gear components and components, Electronic engine controller, main engine gearbox components, exhaust nozzles and pipes, fuel pumps, gear transmission and drive train components, secondary flight control systems, fuel metering units and shock absorbers, and provide processing services.
Triumph Group also provides aircraft wings, flight control surfaces, composite and metal bonding, helicopter cabins, engine compartments, precision machined parts, stretch-formed leading edges and fuselage shells, tail wings, spars and stringers, sound and heat insulation System as well as composite ducts and floors.
In addition, Triumph Group also provides product support services, including component maintenance, repair and overhaul, as well as air circulation machines, blades and blades, APU, nacelle panes, lampshades, optical lenses and other components, speed drives, burners, engines and Post-production production supply chain services for fuselage accessories, stators, transition ducts, integrated drive generators, side walls, light components, remote sensors, overhead tanks, thrust reversers and fuel bladder units.
Triumph Group serves the aviation industry, including original equipment manufacturers of commercial, regional, commercial and military aircraft and aircraft parts, as well as commercial and regional airlines and air cargo airlines.
Triumph Group, Inc. (TGI) History:
- Triumph Group was a subsidiary of Alco Standard Corporation in the early stage. In 1986, Alco considered selling Triumph Group and its distribution business because its revenue was less than 3% of the group’s revenue.
- In addition to the aviation sector, Triumph Group also has a place in the US steel industry. As customers demand higher and higher product quality, Alco Standard established Alco Diversified Services. Richard Ill, who has led the Triumph Group for many years, has been appointed President of Alco Diversified Services.
- In 1991, Alco sold the food division.
- In 1992, Alco announced the sale of Alco Diversified Services and purchased 49.9% of IMM Office Systems Holding.
- In 1993, Triumph Group acquired Alco Diversified Services through a leveraged buyout. At that time, Triumph’s business covered aviation maintenance and overhaul, industrial machinery processing, paper and steel processing. These companies employ 1,450 people in 22 locations in the United States, and the aviation industry accounts for more than 25% of total sales.
- In 1995, Triumph Group sold Otto Konigslow Manufacturing Company.
- The company focuses on buying airlines, trying to increase its profits by 20% every year and expand its product line. Acquisitions during this period included the acquisition of Air Lab in 1995 and its sale in 1997; the acquisition of Teleflex Controls in 1996; the acquisition of Hydro-Mill Company in 1997; and the acquisition of DV Industries, DG Industries, Chase Aerospace Limited, Hartford Tool and Die in 1998.
- In 1996, Quality Park Products was sold.
- In 1999, Triumph acquired Railee Engineering and 6 other companies.
- In 2003, the acquisition of Boeing’s equipment in Spokane, Washington, was acquired, which is now Triumph Composite Systems.
- Shortly afterwards, Triumph acquired Parker Hannifin Corporation United Aircraft Products Division and Rolls-Royce Gear Systems, and then the company split into two companies-Triumph Aftermarket Services and Triumph Aerospace Systems.
- In 2009, Triumph Group acquired Mexmil Company, Kongsberg Automotive, Merritt Tool Company and Saygrove Defense & Aerospace Group.
- June 2010, Triumph Group from The Carlyle Group to acquire Vought Aircraft Industries.
- In January 2014, the Lee Aerospace division was sold.
- In December 2015, Triumph Group Inc. announced that Daniel J. Crowley will be appointed as President and Chief Executive Officer, effective January 4, 2016.
Triumph Group, Inc. (TGI) investment:
This is a military and aerospace company, not an underwear manufacturer Triumph .