:

Business/Financial

Triumph Group Selling Aerostructures Unit To French Company

By Cal Biesecker

Wednesday, February 2nd, 2022

SHARE:

Triumph Group Selling Aerostructures Unit To French Company

Aerial view of Stuart Aerostructures. Photo: Daher Aerospace

Triumph Group [TGI] on Wednesday said it has agreed to sell its Stuart Aerostructures business to France’s Daher Aerospace, part of its strategy to focus on systems and aftermarket services. Terms of the deal, which is expected to close in the first half of 2022, were not disclosed. Florida-based Stuart Aerostructures has about 400 employees and assembles large, complex metallic structures such as wing and fuselage assemblies for including Boeing’s [BA] 767, which is the airframe for the U.S. Air…

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]