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Benzinga

Business

Akanksha Bakshi

Triumph Secures Contract Extension For 787 Cargo Door Actuation System

Triumph NYSE TGI Boeing Co Triumph Group Inc North Carolina

Triumph Group Inc (NYSE:TGI) facility in Clemmons, North Carolina, Actuation Products & Services, has extended a contract with a major European aerostructures provider to supply a Boeing Co (NYSE:BA) 787 Cargo Door Actuation System. Financial terms were not disclosed.
Designed, integrated, qualified, and manufactured by Triumph, the product line complements a portfolio of cargo door and utility actuation systems used on many transport aircraft.
Products include actuators, uplocks, pumps, motors, reservoirs, and control valves for commercial and military aircraft.
Price Action: TGI shares are trading lower by 0.16% at $25.57 on the last check Thursday.

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