Triumph Extended Their Repair And Technical Support Agreement With Lockheed Martin As Part Of The F-35 Joint Strike Fighter Fleet Readiness Support

Author: Benzinga Newsdesk | August 06, 2024 01:05pm

Triumph Group, Inc. (TRIUMPH) [NYSE: TGI] today announced that its Actuation Products & Services business extended their repair and technical support agreement with Lockheed Martin as part of the F-35 Joint Strike Fighter fleet readiness support. TRIUMPH's Clemmons, North Carolina facility will provide engineering and material support for the program over the next five years.

TRIUMPH has provided original equipment and aftermarket Hydraulic Utility Actuation Valves (HUAV) for the F-35 program since 2014. The company began working with Lockheed Martin to provide HUAV aftermarket parts for military depot operations in 2021. The engineering and logistics agreement in support of sustainment efforts at MCAS Cherry Point will further showcase TRIUMPH's technical capability in high demand depot settings.

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