Aerospace

Triumph Group

Company Profile Analysis

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Triumph Group - Aerospace showcase

Year Founded & Workforce

1992-12-31

7,300 Employees

Industry

Aerospace

Services

T

Triumph Group Overview

Company Headquarters: Berwyn, Pennsylvania, US

Founded: 1993

Workforce: ~7,300

Company Working: Triumph Group is a designer, manufacturer, and distributor of aircraft components such as electromechanical and mechanical control systems, auxiliary power units, engine nacelles, avionics, aircraft and engine accessories, and aircraft instruments. The company also offers MRO services. Triumph Group operates through three business segments, namely, integrated systems, product support, and aerospace structures. It offers engine nacelle systems under its aerospace structures business segment. The company offers its services to OEMs of commercial, military, and business aircraft, regional and commercial airlines, and air cargo carriers. Triumph Group has a global presence and operates through its offices in the US, the UK, France, Thailand, Germany, and Mexico.

Strategy

Triumph Group is focused on expanding its presence in Asia-Pacific through its subsidiary, Triumph Aviation Services Asia, Ltd, and collaborating with prominent regional airlines. Furthermore, the company aims to maintain its presence in North America by gaining more contracts from prominent aircraft manufacturers such as Boeing

Company Snapshot

$3,533M

Revenue

7,300

Employees

1992-12-31

Founded

Berwyn, Pennsylvania, US

Headquarters

SWOT Analysis

Strengths

  • Established position in North America
  • Strong supply chain network

Weaknesses

  • Limited presence in Europe and the Middle East & Africa
  • Dependence on a few licensed suppliers

Opportunities

  • Significant growth prospects through tie-ups, mergers, and acquisitions

Threats

  • Economic impact of COVID-19

Key Developments

DateApproachDevelopment
January 2019AgreementTriumph Group signed an agreement with Bombardier to provide nacelle components for Bombardier’s A320neo aircraft. The agreement enabled the company to expand its customer base.
October 2018ContractTriumph Group signed a five-year contract with an airline based in the US to provide MRO services for nacelle components for the latter’s 737NG aircraft.
August 2018ContractTriumph Aviation Services Asia, Ltd, a subsidiary of Triumph Group, signed a contract with Asiana Airlines Inc. to provide MRO services for thrust reversers onboard the latter’s Boeing 747-400 and 767-300 aircraft fleet. The contract enabled the company to strengthen its presence in Asia-Pacific.
February 2018ContractTriumph Aviation Services Asia, Ltd, a subsidiary of Triumph Group, signed a contract with Boeing to provide aftermarket support in Asia-Pacific for the latter’s engine nacelles program and thrust reverser service for the regional fleet of 777 airplanes.
February 2018AgreementTriumph Aviation Services Asia, Ltd, a subsidiary of Triumph Group, signed a memorandum of understanding (MOU) with China Southern Airlines to form an alliance for nacelle maintenance and establish a joint venture in the near future. The contract enabled the company to strengthen its presence in Asia-Pacific.
July 2017ContractTriumph Group signed a contract with Safran to provide thrust reverser cowl opening system (TRCOS) actuators for the engine nacelle on board the A320neo aircraft.

Product Offering

  • Triumph Group
    • Aircraft Engine Nacelle

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles Triumph Group as part of our ongoing coverage of the Aerospace sector, drawing on public company data, filings, and market intelligence.

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We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Triumph Group

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