Triumph Awarded Long Term Contract From MD Helicopters To Manufacturer And Assemble Main Rotor Gearbox Transmissions For The MD500 Platforms; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Triumph Group, Inc. (TGI) has been awarded a long-term contract by MD Helicopters to manufacture and assemble main rotor gearbox transmissions for the MD500 platforms. This agreement extends a partnership of over two decades, during which TRIUMPH has produced over 400 gearboxes for this program. The contract aims to support the production and aftermarket repairs of MD Helicopters' fleet, which plans to increase production rates up to 30 helicopters per year.
February 28, 2024 | 4:57 pm
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Triumph Group, Inc. (TGI) has secured a significant long-term contract to manufacture and assemble main rotor gearbox transmissions for MD Helicopters' MD500 platforms.
The contract with MD Helicopters is likely to have a positive short-term impact on TGI's stock price due to the extension of a long-standing partnership and the potential for increased production and sales. The agreement underscores TGI's role as a key supplier in the aerospace sector, potentially leading to increased investor confidence and stock demand.
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