RADNOR, Pa. - Triumph Group (NYSE:TGI), Inc. [NYSE:TGI], a global leader in aerospace and defense systems, has announced a new agreement with MD Helicopters to supply main rotor gearbox transmissions for the MD500 helicopter series. The deal extends a partnership that has seen Triumph produce over 400 gearboxes for the MD500 program to date.
Pete Gibson, President of Triumph Geared Solutions, expressed the company's satisfaction with the continued collaboration, which will support MD Helicopters' production increase to 30 units per year. The contract ensures the provision of transmissions and spare parts for MD Helicopters' fleet of 1,700 MD500-series helicopters.
MD Helicopters' Chief Operating Officer, Harvey Ticlo, also welcomed the ongoing partnership, highlighting the importance of timely part delivery for production and aftermarket repairs.
Triumph Geared Solutions, recognized as the largest independent provider of aerospace gear and gearbox assemblies, offers comprehensive services including the design, development, testing, manufacturing, and support of transmission systems.
The company, headquartered in Radnor, Pennsylvania, operates globally, serving a wide range of clients in the aerospace industry, from original equipment manufacturers to military and commercial aircraft operators.
The financial terms of the agreement were not disclosed in the press release. This contract solidifies Triumph's role as a key supplier in the aerospace supply chain and underscores its expertise in producing complex transmission systems for the aviation sector.
The information in this article is based on a press release statement from Triumph Group.
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