Triumph to take over Spirit plane wing production

NEW YORK (AP) — The Triumph Group will take over the production of wings for some Gulfstream planes from Spirit AeroSystems at an Oklahoma facility.

Spirit will pay Triumph $160 million to cover some of the production costs and its employees at the Tulsa location will be offered jobs with Triumph, the companies said Tuesday.

The facility makes wings for Gulfstream’s G650 and G280 planes.

Spirit AeroSystems Holdings Inc., based in Wichita, Kansas, is shifting its focus to commercial and defense aircraft.

The new business will add $250 million in annual revenue for Triumph, the company said Tuesday.

Triumph Group Inc., based in Berwyn, Pennsylvania, already makes some components of Gulfstream planes.

 

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s