TGI News and Press, Triumph Group Inc. From 04/09/20

Commercial aerospace suppliers have been hard hit by the COVID-19 pandemic, with airlines grounding planes in response to travel declines, and lower demand for spare parts and new planes from Boeing  and Airbus . But the shares have gotten a lift in recent days, as investor optimism gr...

BERWYN, Pa. , April 7, 2020 /PRNewswire/ -- Triumph Group [NYSE: TGI]   and the Triumph Group Foundation announced today that it will move forward with a series of actions to support individuals and organizations working to assist and treat those directly impacted by the COVID-1...

BERWYN, Pa. , April 6, 2020 /PRNewswire/ -- Triumph Group, Inc. (NYSE:TGI) recently announced that it received the third delivery order from the Defense Logistics Agency for enhanced digital electronic control units (EDECUs) for use in the U.S. Army's UH-60 Black Hawk and AH-64 Apache fle...

BERWYN, Pa. , April 1, 2020 /PRNewswire/ -- Triumph Group [NYSE: TGI] today announced that Richard Goglia will join its Board of Directors as an independent director and as a member of the Audit and Finance committees. Mr. Goglia served as Raytheon Company's Corporate Treasurer for ...

In this episode of Industry Focus: Energy , Nick Sciple and Motley Fool contributor Lou Whiteman focus on the government bailout for the aerospace industry in general, and particularly, on Boeing (NYSE: BA) . The airlines have been one of the industries most affected by this current pande...

Triumph Group ( TGI +18.4% ) bounces higher after unveiling cost cutting plans , including eliminating 250 full-time salaried employee and 250 contractor positions, and implementing two-week furloughs for some salaried employees, as part of its coronavirus response. More news on: Triump...

BERWYN, Pa. , March 24, 2020 /PRNewswire/ -- Triumph Group, Inc. ( NYSE: TGI ) ("Triumph" or the "Company") today provided an update on the current impact of the coronavirus (COVID-19) on the business and the steps the Company is taking to mitigate it.   The Company is expanding i...

"To date, there has been no material impact to Triumph's ( TGI -26.9% ) backlog or revenue as a result of COVID-19 and the company currently anticipates no material impact to results for fiscal year 2020 which ends March 31, 2020," reads a press release . More news on: Triumph Group, In...

Triumph Group ( TGI -26.5% ) is implementing cost reduction actions to maintain financial health, align capacity with expected demand and meet commitments to all stakeholders. More news on: Triumph Group, Inc., Read more ...

BERWYN, Pa. , March 18, 2020 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) ("Triumph" or the "Company") today provided an update on its assessment of the impacts of the coronavirus (COVID-19). While the safety and well-being of its employees and the community it serves remain top p...