The company is involved in developing, manufacturing, or providing products and services with a focus on proprietary rights, sales, marketing, and engineering, and is subject to regulations.

# Company Summary

Based on the provided table of contents and section titles, the company is involved in a business that includes the following components:

- **Products and Services:** The company develops, manufactures, or provides specific products and/or services, though the exact nature of these is not detailed in the provided text.
- **Proprietary Rights:** The company emphasizes proprietary rights, suggesting it has intellectual property or proprietary technology/licenses that are key to its operations.
- **Sales, Marketing, and Engineering:** The company has dedicated functions for sales, marketing, and engineering, indicating a focus on product promotion, client engagement, and technical development.
- **Backlog:** The company reports on backlog, implying it has pending orders or projects that are significant to its business outlook.
- **Dependence on Significant Customers:** The company’s revenue may rely heavily on a limited number of major customers.
- **Competition:** The company highlights competitive factors within its industry.
- **Regulation:** The company is subject to government regulation, including environmental regulations and industry oversight, affecting its operations.
- **Human Capital Resources:** The company emphasizes human capital, suggesting it relies heavily on skilled personnel.
- **Executive Officers & Recent Developments:** The company’s management team and recent strategic or operational changes are discussed.
- **Financials (implied):** While specific numbers such as revenue, number of employees, customers, or net income are not provided in the table of contents, these details are likely included in the full report’s sections on Business and Financial Data.

**Note:** The exact figures for the number of customers, employees, revenue, or net income are not included in the provided excerpt. Only the topics covered in the report are detailed.

Triumph Group, Inc. designs and manufactures aerospace and defense systems, providing comprehensive support and repair services to the global aviation industry.

# Triumph Group, Inc.

## Business operations
Triumph Group designs, engineers, manufactures, repairs, and overhauls aerospace and defense systems, subsystems, components, and structures. The company serves the global aviation industry, including original equipment manufacturers (OEMs) and military and commercial aircraft operators across the aircraft life cycle.

## Operating segments

### Triumph Systems & Support
- Capabilities:
  - Designs and supports proprietary components, subsystems, and systems
  - Produces complex assemblies based on external designs
  - Provides full life cycle solutions for various aircraft types
- Key products:
  - Aircraft and engine-mounted accessory drives
  - Hydraulic systems and components
  - Landing gear components and actuation systems
  - Electronic engine controls and thermal control systems
  - Fuel systems

### Triumph Interiors
- Capabilities:
  - Supplies insulation parts and interior components for multiple aircraft types
- Key products:
  - Thermo-acoustic insulation systems
  - Environmental control system ducting
  - Other aircraft interior components

## Revenue and financials
- Backlog (as of March 31, 2024): approximately $1.90 billion
  - Systems & Support: $1.56 billion
  - Interiors: $0.34 billion (including an estimated $0.31 billion based on expected future purchase orders)
- A substantial portion of net sales comes from key customers, with an emphasis on agreements with Boeing.

## Workforce
- Approximately 4,530 permanent employees
- About 10% of the workforce are represented by labor unions

## Customers
Triumph serves a broad range of customers, including:
- Aerospace OEMs: Boeing, Airbus, BAE, Collins Aerospace, GE Aerospace, Lockheed Martin, Raytheon
- Military and commercial airlines
- Government defense contracts awarded through competitive bidding

## Market competition
Triumph competes with Tier 1 and Tier 2 systems suppliers and component manufacturers, many of which have greater financial resources, particularly in the repair and overhaul market.

## Intellectual property and innovation
Triumph holds a portfolio of patents, trademarks, and other intellectual property rights developed through ongoing product development and innovation.

## Compliance and regulatory oversight
The company operates under regulatory frameworks established by agencies such as the Federal Aviation Administration (FAA) and other international authorities. Compliance with these regulations is necessary to maintain operational licenses and certifications.

## Summary
Triumph Group provides a wide range of services and products for the aerospace and defense industries, supported by a substantial backlog, a skilled workforce, a diverse customer base, and broad operational capabilities.

TRIUMPH GROUP INC

10-K / May 28, 2025

10-K / May 31, 2024

10-K / May 28, 2025

Company Summary