Aerospace structures and systems developer and manufacturer Triumph Group, Inc. [TGI] on Monday said it has signed a new memorandum of agreement with Boeing [BA] to expand its partnership to potentially include work by additional Triumph business units.
The agreement expands Triumph’s traditional roles in aerospace structures and precision components into the areas of integrated systems and services.
Under the agreement, the companies will identify new areas where each of Triumph’s four business units can add value to Boeing’s commercial and military aircraft programs, and develop a long-term partnership on maintenance, repair and overhaul (MRO) work that will aid the growth of Boeing’s new Global Services segment.
“Boeing is a very important customer, our largest, and we are pleased to expand our relationship with them through the delivery of high quality advanced structures, systems, precision components and MRO support,” Dan Crowley, Triumph president and CEO, said in a statement. “Building on improved schedule and quality performance on Boeing programs, this announcement reflects on both companies’ commitment to ‘Partnering for Success.’ It also reflects our strengthening OEM relationships, in which we are increasingly viewed as a valued partner across our entire range of capabilities.”
Boeing launched its Partnering for Success initiative several years ago to work with suppliers in cutting their costs.
“We value Triumph’s support on key Boeing programs and look forward to expanding our collaboration to increase productivity, reduce cost and enhance the value of Boeing products and services,” Karl Jeppesen, leader of Boeing’s Partnering for Success effort, said in a statement. “By working together more closely, we help our customers and one another succeed in an increasingly competitive market.”