Triumph Group, Inc. (NYSE: TGI) has announced that it intends to combine Aerospace Structures and Precision Components into one business unit, “Aerospace Structures,” effective January 1, 2018, the company said.
Pete Wick, current Executive Vice President of Precision Components, will become Executive Vice President of the new combined Aerospace Structures business unit.
Beginning with the fourth quarter of fiscal 2018, Triumph will report its financial results under the three market-focused business unit structure — Integrated Systems, Product Support and Aerospace Structures.
Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aircraft structures, components, accessories, and systems. The company serves a broad spectrum of the global 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.
More information about Triumph can be found on the company´s website at http://www.triumphgroup.com.