Triumph Recalibrates Its Business Plan With Tighter Portfolio | Aviation International News

Triumph Recalibrates Its Business Plan With Tighter Portfolio

The Triumph Group has been reorganized with 47 disparate subsidiaries scaled back to just 22.

A Triumph engineer performs an electrical check on a hydraulic power pack in the company engineering and test laboratory in Clemmons, North Carolina.

By Charles Alcock • Managing Editor

July 7, 2016

Aerostructures and aircraft systems specialist Triumph Group is now several months into a restructuring process. It has seen the U.S. company’s management team realign no fewer than 47 separate subsidiaries into 22 firms organized around four divisions: aerospace structures, precision components, integrated systems and product support. In late December 2015, former Raytheon and Lockheed Martin executive Dan Crowley was appointed president and CEO with a mandate to turn around a company that has been struggling, largely due to problems associated with its contracts for Boeing’s 747-8 widebody airliner and Bombardier’s delayed Global 7000 and 8000 business jet programs.

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