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727 and 737 aircraft. It was at this time that Boeing
Company purchased McDonnell Douglas, the first company to manufacture the KC-10 aircraft, which was the aerial refueling version of the Boeing DC-10. Soon to follow would be Triumph Air Repair's largest contract ever, a twelve-month deal to service auxiliary power units and line replaceable units for the United States Air Force KC-10 tankers. Boeing had several options to renew, increasing the potential of this arrangement ninefold.
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segments into three. The
Control Systems and Structures Groups were combined into Triumph Aerospace Systems Group. The Gas Turbine Services and Operational Components Groups were unified, becoming Triumph Components Group. Triumph Aftermarket Services Group added Advanced Materials Technologies and Aerospace Technologies to its portfolio.
586:
In 1998, Triumph acquired four additional companies, bringing its grand total of subsidiaries to eighteen and its employee count to over two thousand in early 1999. It was at this time that
Triumph purchased Ralee Engineering, a manufacturer of gigantic aircraft components and assemblies. This gave
582:
In 1998, when Ill subsequently announced his preoccupations about cutbacks in aircraft production at Boeing
Company, he also stated that there may be more work forthcoming on the new Boeing 737. This was an excellent fit for Triumph Air Repair, as much of their work consisted of servicing the Boeing
578:
The company focused on purchasing aviation companies in an attempt to increase profits by 20% per annum, and extend their product lines. Such acquisitions included Air Lab (1995), Teleflex
Controls (1996), Hydro-Mill Company (1997), DV Industries (1998), DG Industries (1998), Chase Aerospace Limited
543:
Triumph Group was formerly one of the companies in Alco
Standard Corporation, a loose conglomerate of diversified companies that operated across a large number of unrelated fields, including office supplies. By the latter half of the decade, officers of Alco Standard Corporation were concentrating on
637:
In
December 2015, Triumph Group Inc. announced that Daniel J. Crowley would be named president and chief executive officer effective 4 January 2016. Crowley succeeds Richard C. Ill, CEO from 1993 to 2012. Ill left retirement to step in after Jeffry D. Frisby resigned. Ill was also the chairman since
599:
In 2003, the Boeing
Company's failing Spokane, Washington facility was acquired, which is now known as Triumph Composite Systems. The conglomerate now stood at 41 companies. In the same quarter of that year, the company restructured by discontinuing its Metals Group and combining its five aviation
570:
In the middle of the 1990s, commercial aviation sales went from $ 200 million to $ 300 million in three years, with forecasts indicating that sales would reach $ 500 million before the end of the decade. The aviation businesses provided 67% of the company's revenue. With never-before-seen demand
603:
Shortly thereafter, Triumph acquired the Parker
Hannifin Corporation United Aircraft Products Division and Rolls-Royce Gear Systems. The company then reorganized into two groups, Triumph Aftermarket Services and Triumph Aerospace Systems. It also combined several of its Arizona subsidiaries into
590:
In 1999, Triumph infused six more companies into its lineup of subsidiaries. The company produced flight control surfaces, control systems, and metal parts while providing MRO for almost every aircraft system except cabins, communications devices, landing gear, engines and the most comprehensive
555:
In addition to its aerospace factions, Triumph also had a stake in the U.S. steel industry. Because customers were becoming more demanding with respect to product quality, Alco
Standard formed a new organization named Alco Diversified Services out of the 11 companies that comprised the Triumph
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Triumph Integrated Systems designs, develops and tests electrical components for use in military and commercial aircraft. Integrated Systems builds electronics and their controls, actuation and their controls, along with mechanical parts, gears, fluid power parts and actuators.
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In 1991, Alco sold their food division. In 1992, the corporation made an announcement that it was trying to sell Alco Diversified Services and purchase 49.9% percent of IMM Office Systems Holding. In 1993, Triumph Group took over Alco Diversified Services in a
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In 1996, the corporation had 1500 workers and yearly earnings of $ 300 million. Six divisions worked in aviation while the other seven worked in specialty materials. The company went public at that time, which provided over $ 50 million in revenue.
564:. Triumph conducted aviation repair and overhaul, industrial machining, paper converting and steel converting. The companies employed 1450 people at 22 US locations, with aviation accounting for just over 25% of total sales.
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Triumph Product Support maintains military and commercial aircraft parts, accessories and airborne electrical power generators. Product Support provides accessories, aviation services, airborne structures and interiors.
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In 2020 Triumph Group's fourth quarter had an operating loss of $ 40.3 million, this was inclusive of a $ 66.1 million 'goodwill Product Support' due to the effects of the COVID-19 crisis on the overall aviation market.
653:
In 2023 Triumph Group announced that it had entered into a Memorandum of Understanding (MOU) with Stirling Dynamics with the aim to collaborate on advancing opportunities in the electro-mechanical actuation market.
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In 1986, Alco was considering selling Triumph Group and its distribution businesses, the former of which competed in the aerospace industry and earned just under 3% of Alco Standard's revenue.
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components, systems, and accessories. Several services and products are offered through three of their operating organizations, Integrated Systems, Aerospace Structures, and Product Support.
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for airline travel around 1996, Boeing produced close to 500 aircraft per annum. To meet this unprecedented production rate, Boeing outsourced a greater number of components and services.
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Group, the two paper companies and their aerospace subsidiary. Richard Ill, who led Triumph Group for several years, was promoted to president of Alco Diversified Services.
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In 1995, due to Department of Defense cutbacks, Triumph sold Otto Konigslow Manufacturing Company (which manufactured aerospace components) to two of its supervisors.
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2009, so when he took over the CEO position after Frisby left, he was succeeded by one of the company's board members, U.S. Air Force (Ret.) Gen. Ralph E. Eberhart.
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Triumph Aerospace Structures designs and builds large structures, subsystems and parts for military, commercial and industrial OEMs, using metal and composites.
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In January 2014 the company sold its division Lee Aerospace back to its original founder, Jim Lee. Triumph had owned Lee Aerospace for 14 years.
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office supplies, paper products, and food services, their three core competencies. The former was the fastest-growing market for the company.
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In 2009, Triumph Group purchased Mexmil Company, Kongsberg Automotive, Merritt Tool Company and Saygrove Defense & Aerospace Group.
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631:. This acquisition close to doubled the company workforce, and created a 'Tier One Capable' supplier.
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the conglomerate the ability to produce almost all of the parts used in commercial aircraft.
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Please help update this article to reflect recent events or newly available information.
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This article is about the aerospace manufacturing company. For other uses, see
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957:"$ {Instrument_CompanyName} $ {Instrument_Ric} Key Developments - Reuters.com"
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701:"Triumph Group Names Daniel J. Crowley President and Chief Executive Officer"
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Triumph Engineered Solutions, which was decommissioned at the end of 2004.
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1142:"Triumph Group Names Raytheon Executive Daniel Crowley as Permanent CEO"
1059:"Triumph Group Completes Acquisition of Vought Aircraft Industries, Inc"
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In 2021 Triumph Group signed a Ten Year Contract With Rolls-Royce.
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Parts of this article (those related to see talk page) need to be
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931:"Find Local Contractors - Home Remodeling Contractors on Ecnext"
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1176:"Triumph Group CEO Steps Down, Replaced By Company Founder"
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is an American supplier of aerospace services, structures,
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Multinational companies headquartered in the United States
1223:"Triumph Group Awarded Ten Year Contract with Rolls-Royce"
1209:"Triumph Group Reports Fourth Quarter Fiscal 2020 Results"
1951:
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1116:"Lee Aerospace Returns—Delivers First Fuselage Section"
756:. U.S. Securities and Exchange Commission. 31 May 2024
852:
Strategic Management Theory: An Integrated Approach
876:"History of Triumph Group, Inc. – FundingUniverse"
754:"Triumph Group FY 2024 Annual Report (Form 10-K)"
1999:
1334:List of companies based in the Philadelphia area
627:, a leading producer of aerostructures from the
2023:Companies listed on the New York Stock Exchange
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2038:Manufacturing companies based in Pennsylvania
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1090:"Founder of Lee Aerospace buys back company"
1033:"News Channel - Homepage - flightglobal.com"
2043:Manufacturing companies established in 1993
728:"Triumph Hires James McCabe As Its New CFO"
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16:American aerospace components manufacturer
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579:(1998) and Hartford Tool and Die (1998).
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154:Learn how and when to remove this message
2013:Aerospace companies of the United States
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662:Triumph Group has three business units:
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2028:Defense companies of the United States
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90:Please improve this article by adding
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623:In June 2010, Triumph Group acquired
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2008:1993 establishments in Pennsylvania
1088:McMillin, Molly (29 January 2014).
13:
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726:Chandrasekara, R. (27 July 2017).
14:
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1446:Other notable Philadelphia-based
1252:"Business Units – Triumph Group"
1114:Durden, Rick (29 January 2014).
500:original equipment manufacturers
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2018:Companies based in Philadelphia
1701:Susquehanna International Group
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476:and support. Based in Radnor,
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1845:Notable Delaware Valley-based
1765:Notable Delaware Valley-based
1646:Crozer Keystone Health System
1641:Christiana Care Health System
1174:Stynes, Tess (8 April 2015).
1003:"Triumph Group-News Releases"
687:
92:secondary or tertiary sources
850:Charles Hill, Gareth Jones,
666:Triumph Aerospace Structures
7:
1860:Cerberus Capital Management
1751:W. L. Gore & Associates
1548:Morgan, Lewis & Bockius
518:and components, as well as
255:; 31 years ago
10:
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1538:Drinker Biddle & Reath
1509:Notable Philadelphia-based
1485:Philadelphia Media Network
802:"NYSE:TGI - Google Search"
669:Triumph Integrated Systems
625:Vought Aircraft Industries
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1776:Aberdeen Asset Management
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1511:professional partnerships
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1418:Universal Health Services
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854:(Cengage Learning, 2009;
480:, United States, Triumph
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1928:(Johnson & Johnson)
1616:Brandywine Realty Trust
1574:Valley-based businesses
1475:Independence Blue Cross
1392:(rank in the 2017 list)
1352:(rank in the 2017 list)
880:www.fundinguniverse.com
672:Triumph Product Support
1731:Vishay Intertechnology
1671:Liberty Property Trust
1572:Other notable Delaware
901:"The Manufacturer.com"
620:
619:Company logo from 2010
79:relies excessively on
1870:Johnson & Johnson
1821:Shire Pharmaceuticals
618:
498:Triumph Group serves
1831:Teva Pharmaceuticals
1816:Siemens Healthineers
1796:Delaware Investments
1626:Carpenter Technology
1465:Day & Zimmermann
1256:www.triumphgroup.com
955:Editorial, Reuters.
911:on 27 September 2011
781:www.triumphgroup.com
591:maintenance checks.
321:Aerospace components
273:Berwyn, Pennsylvania
1926:McNeil Laboratories
1180:Wall Street Journal
1146:Wall Street Journal
905:themanufacturer.com
831:www.marketwatch.com
827:"Triumph Group Inc"
528:commercial airlines
470:Triumph Group, Inc.
437:Number of employees
331:repair and overhaul
299:Daniel J. Crowley (
285:Number of locations
168:
167:Triumph Group, Inc.
1769:foreign businesses
1767:US headquarters of
1686:Rita's Italian Ice
1676:Penn Entertainment
1563:White and Williams
986:has generic name (
935:goliath.ecnext.com
707:. 29 December 2015
621:
520:air cargo carriers
166:
1995:
1994:
1581:Actua Corporation
1436:Burlington Stores
1412:Lincoln Financial
1400:AmerisourceBergen
703:(Press release).
516:business aircraft
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441:4,530 (2024)
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1920:Sherwin-Williams
1746:Wilmington Trust
1500:Urban Outfitters
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1065:. Archived from
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1037:Flightglobal.com
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1009:. Archived from
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1321:(including the
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77:This article
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53:February 2018
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1982:Tasty Baking
1966:Dow Chemical
1896:GSI Commerce
1715:
1661:EPAM Systems
1601:Aqua America
1591:AlliedBarton
1543:Duane Morris
1495:Radian Group
1343:Philadelphia
1332:
1259:. Retrieved
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777:"Who We Are"
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478:Pennsylvania
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451:triumphgroup
418:Total equity
398:Total assets
349:1.19 billion
309:Jim McCabe (
268:Headquarters
181:Company type
150:
144:January 2018
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1786:AstraZeneca
1681:Penn Mutual
1387:Fortune 500
1347:Fortune 500
1261:25 February
1159:29 December
1042:25 February
786:25 February
242:Predecessor
211:S&P 600
2002:Categories
1916:MAB Paints
1726:ViroPharma
1656:DuckDuckGo
1558:Saul Ewing
1523:Blank Rome
1448:businesses
1193:24 January
1125:1 February
1073:31 January
1017:31 January
966:31 January
940:31 January
915:31 January
885:31 January
836:31 January
811:31 January
738:31 January
711:31 January
688:References
508:commercial
378:Net income
329:Aerospace
295:Key people
114:newspapers
81:references
1756:WSFS Bank
1455:Amoroso's
1188:0099-9660
1154:0099-9660
482:engineers
301:President
233:Aerospace
213:component
193:Traded as
1906:Hercules
1866:Centocor
1706:Vanguard
1636:Chemours
1631:Cephalon
1621:Boscov's
1606:Asplundh
1480:Pep Boys
1460:Chemtura
1099:13 April
976:cite web
524:regional
512:military
504:regional
493:aircraft
326:Services
318:Products
221:Industry
1972:SunGard
1932:Neoware
1910:Ashland
1880:Conseco
1836:TD Bank
1666:EnerSys
1533:Dechert
1385:-based
1366:Aramark
1360:Comcast
1345:-based
734:Finance
534:History
486:designs
474:systems
446:Website
337:Revenue
258: (
250:Founded
204::
128:scholar
43:updated
23:Triumph
2048:Vought
1946:Exelon
1890:Exelon
1826:Subaru
1721:Unisys
1596:Ametek
1586:Airgas
1406:DuPont
1186:
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862:), p.
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760:1 June
732:Yahoo!
488:, and
431:(2024)
411:(2024)
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185:Public
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1791:Chubb
1490:PREIT
1438:(463)
1432:(457)
1426:(339)
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1120:AVweb
642:2020s
611:2010s
595:2000s
551:1990s
539:1980s
135:JSTOR
121:books
1942:PECO
1900:eBay
1856:Acme
1741:Wawa
1402:(11)
1362:(31)
1263:2018
1195:2020
1184:ISSN
1161:2015
1150:ISSN
1127:2014
1101:2019
1075:2018
1044:2018
1019:2018
988:help
968:2018
942:2018
917:2018
887:2018
856:ISBN
838:2018
813:2018
788:2018
762:2024
740:2018
713:2018
526:and
522:and
514:and
453:.com
347:US$
303:and
260:1993
253:1993
202:NYSE
107:news
1976:FIS
1952:QVC
1811:SAP
1801:GSK
1736:VWR
1696:SLM
1430:UGI
961:U.S
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311:CFO
305:CEO
206:TGI
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