RADNOR, PA — Triumph Group, Inc. (NYSE: TGI) has achieved over $28 million in aftermarket shipments this fiscal year, marking its highest level to date. The company’s Actuation Products and Services (APS) division supports landing gear overhaul activities for Boeing 787 and Airbus A380 aircraft.
With Triumph responsible for designing and servicing the full hydraulic actuation suite for both aircraft, demand has surged as early Boeing 787 units hit their 12-year mandatory maintenance cycles. More than 500 aircraft are projected for overhaul in the next five years. Similarly, increased commercial air traffic has boosted demand for A380 landing gear maintenance.
“TRIUMPH has supported the B787 and A380 programs since program launch and is now reaping the benefit of strong aftermarket demand as these platforms enter their heavy maintenance cycles,” said Natasha Trudeau, President of Triumph APS. “These are significant, higher margin, aftermarket work packages which are critical to our customers’ needs and support TRIUMPH’s growth plans.”
To meet rising demand, Triumph has invested in additional maintenance, repair, and overhaul (MRO) capacity. Trudeau further noted, “Our investments in additional MRO capacity and capabilities will ensure that TRIUMPH and its partners support our customers’ landing gear maintenance cycle. We expect continued growth over the coming years on top of rising Boeing 787 OEM ramp rates.”
Triumph Group’s strong aftermarket performance highlights its strategic positioning to capitalize on the growing maintenance requirements for these flagship commercial aircraft platforms.
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