Triumph Group

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

1993

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

Date	Approach	Development
January 2019	Agreement	Triumph 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 2018	Contract	Triumph 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 2018	Contract	Triumph 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 2018	Contract	Triumph 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 2018	Agreement	Triumph 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 2017	Contract	Triumph 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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