About Triumph Aerostructures, LLC
Triumph Group's companies design, engineer, manufacture, repair, and overhaul a variety of aerostructures, and aircraft components and systems for customers that include commercial, general, and military original and aftermarket equipment manufacturers. Extensive product and service offerings include full post-delivery value chain services that simplify the maintenance, repair and overhaul ("MRO") supply chain. Through its ground support equipment maintenance, component MRO and post-production supply chain activities, Systems & Support is positioned to provide integrated planeside repair solutions globally. It operates through some 40 facilities around the world.
Triumph Group, Inc. divides its business into two segments: Aerospace Structures and Systems and Support.
The Aerospace Structure segment generates about 55% of sales, This segment makes wings, wing boxes, fuselage panels, horizontal and vertical tails, and subassemblies such as floor grids. It also engineers detailed structural design in metal and composites, including advanced composite and interior structures, joining processes such as welding, autoclave bonding and conventional mechanical fasteners and a variety of special processes, such as super plastic titanium forming, aluminum and titanium chemical milling.
Triumph Group Inc. combined its Integrated Systems and Product Support operating segments into one operating segment, Systems & Support. Triumph Systems & Support, revenues are derived from the design, development, and support of proprietary components, subsystems and systems, production of complex assemblies using external designs, as well as the provision of full life cycle solutions for commercial, regional, and military aircraft. This segment generate more than 45% of sales.
Pennsylvania-based Triumph has some 40 locations in 15 US states including: Texas, Ohio, Oklahoma, Florida, Utah, Indiana and seven other countries. It has international locations in Canada, France, Germany, Ireland, Mexico, Thailand, and the UK.
Sales and Marketing
Boeing is at the top of the list on sales, generating around 35% of Triumph's total sales. In addition, Gulfstream Aerospace Corporation accounts for more than 5%. It serves mainly the original equipment manufacturer, military, airline, and air cargo industries.
Triumph is in poor health amid declining sales and recurring net losses. In 2020, it took a dip of 14% from the previous year. 2020 sales are 25% lower than 2016 sales.
Triumph has not turned a net profit since fiscal 2016. The company's losses have been improving and close to resurfacing. Net loss in 2020 was $28 million compared to $322 million in 2019.
Triumph's cash on grew $392.7 million in 2020, ending the year at $485.5 million. The company's operations generated $96.7 million, investing activities generated $7.4 million and financing generated $293.7 million.
To improve its faltering financial performance, Triumph has been divesting non-core assets, pursuing high-margin business, cutting costs, and trying to attract better talent. Improvements have been seen in the Global Hawk wing program and Boeing 747 and 767 programs. Triumph has also, importantly, extricated itself from six big, bad contracts that were inflicting punishing losses on the company. These were the Gulfstream G650 and G280, Bombardier 7500, Embraer E2, Bell 525, and Boeing 787 programs.
Triumph continually makes significant capital expenditures to implement new processes and to increase both efficiency and capacity. Some of these projects require additional training for employees and not all projects may be implemented as anticipated.
300 Austin Blvd
Red Oak, TX 75154-4608
Phone: 1 (972) 515-8276
Employer Type: Privately Owned
Contracts Manager: Karla Batelaan
General Manager: Robert Harvey
Employees (This Location): 2,000
Employees (All Locations): 5,990
Red Oak, TX
Grand Prairie, TX
Red Oak, TX