TRIUMPH GROUP DIVESTS G650/700 ASSETS TO GULFSTREAM

BERWYN, Pa. August 4, 2020 – Triumph Group, Inc. (NYSE: TGI) (“Triumph” or the “Company”) today announced it has reached a definitive agreement to sell its G650 program scope of work including supply chain management, engineering services, and related tooling, inventory, facilities, personnel, and warranty obligations to Gulfstream Aerospace. This agreement follows the Company’s transfer of the G650 wing assembly line in Tulsa, Oklahoma to Gulfstream’s Savannah, Georgia facility in 2019.

Spread the word

Discuss

This site uses Akismet to reduce spam. Learn how your comment data is processed.