Triumph Actuation Systems-UK & IOM, a subsidiary of US-based Triumph Group, has entered into a long term agreement with Airbus S.A.S. to continue manufacturing its landing gear actuation systems for the A320ceo and A320neo platforms.
Production of the actuation systems including: actuators; valves; and uplocks, will be performed at Triumph Group’s facility in Deeside, Flintshire, with the aftermarket support being provided from the Staverton, Gloucestershire facility.
The contract is worth approximately $500m (£347m) over the life of the contract.
Daniel J. Crowley, Triumph Group president and CEO, said: “This long term agreement represents an exciting new chapter in our strategic partnership with Airbus and reflects the value customers place on our experience, expertise and ability to provide higher-value added solutions.
“Our agreement with Airbus demonstrates our shared commitment to performance and service excellence. We are intently focused on delivering on our customer commitments, driving organic growth and generating predictable profitability.”
Triumph Group, (no relation to Triumph Motorcycles Limited) is headquartered in Berwyn, Pennsylvania. The company designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerostructures, aircraft components, accessories, subassemblies and systems. Triumph Group serves a broad, worldwide spectrum of the aviation industry, including original equipment manufacturers of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers.
In January, 2016, the Lufthansa Group, Airbus’ largest airline customer and operator, took delivery of the first A320neo, the world’s best-selling and most fuel efficient single aisle aircraft.
With lower fuel consumption and consequently lower CO2 emissions, the A320neo is also considerably quieter than its predecessors. As a result, Lufthansa has ordered a total of 116 A320neo aircraft.
Upon taking delivery of the first plane, Carsten Spohr, chairman of the executive board and CEO of Deutsche Lufthansa AG said: “Today we prove once again that as an aviation company and airline group we are pioneers in the development and introduction of technical innovations. In this year alone the Lufthansa Group will receive a total of 52 new aircraft, a number we have not received in years.”
With almost 4,500 orders received from nearly 80 customers since its launch in 2010, the A320neo Family has captured some 60 percent share of the market.