News:Bombardier agreed to take over the wing manufacturing for the Global 7500 from Triumph Group. The wing manufacturing facility and employees in Red Oak, Texas will move from Triumph to Bombardier. Technically, this is an excellent wing, helping the Global 7500 to achieve M.925 while also having steep approach capabilities.
Analysis:Triumph has been losing money on its wing contracts for business aircraft, first shedding the G650 wing to Gulfstream
and now shedding the Global 7500 wing to Bombardier.With the wing production as the worst performing segment at Triumph, this was a logical place for restructuring and will clean up their financial performance.
Bombardier, knowing the precarious position Triumph was facing from a poorly negotiated contract, moved to take over the program and reduce risk during the ramp-up of their flagship business aircraft.With the production ramp-up now underway, this ensures that Bombardier is in control of its own destiny. The acquisition also provides additional critical mass and capability for Bombardier’s Aerostructures business.
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