TGI - Triumph's operating company nabs Lockheed Martin production contracts
Triumph (TGI +1.4%) announced that its Actuation Products & Services operating company has secured a multi-year contract with Sikorsky, a Lockheed Martin company, for producing equipment for the Sikorsky CH-53K helicopter. Triumph will provide all equipment for the Main Rotor Blade Folding System, Main Rotor Lag Damper System and Main Rotor Brake System. Sikorsky is ramping production to deliver 200 aircraft under the CH-53K program of record; Triumph will provide continuous and increasing equipment deliveries through the production ramp up via this multi-year contract.
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Triumph's operating company nabs Lockheed Martin production contracts