Triumph Group said Wednesday the business it will divest has approximately 600 employees and produces aerospace structures and components for the military and commercial customers and original equipment manufacturers.
The company expects to complete the sale in the first half of 2022, subject to customary closing conditions.
Lazard served as Triumph’s exclusive financial adviser on the transaction.
Triumph has divested 16 non-core businesses since 2016 as part of a broader business transformation initiative. In May 2021, private equity firm Arlington Capital Partners formed a new company after the acquisition of a composite business and three aerostructure fabrication facilities from Triumph.
Antenna Research Associates has appointed Jay Abendroth, a seasoned defense electronics executive, as chief growth officer to lead business development…
Precise Systems has appointed Michael “Mike” Risik as vice president of business development. The Lexington Park, Maryland-based company said Wednesday Risik will…
Aerospace and defense technology company Merlin has closed its business combination with Inflection Point Acquisition Corp. IV, a special purpose acquisition company…
Raytheon, an RTX business, has received a potential $212.1 million cost-plus-fixed-fee contract to provide operations and maintenance services for a relocatable over-the-horizon…
