:

Business/Financial

Triumph Group Selling Aerostructures Unit To French Company

By Cal Biesecker

Wednesday, February 2nd, 2022

SHARE:

Triumph Group Selling Aerostructures Unit To French Company

Aerial view of Stuart Aerostructures. Photo: Daher Aerospace

Triumph Group [TGI] on Wednesday said it has agreed to sell its Stuart Aerostructures business to France’s Daher Aerospace, part of its strategy to focus on systems and aftermarket services. Terms of the deal, which is expected to close in the first half of 2022, were not disclosed. Florida-based Stuart Aerostructures has about 400 employees and assembles large, complex metallic structures such as wing and fuselage assemblies for including Boeing’s [BA] 767, which is the airframe for the U.S. Air…

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]

Congress

House Heads For Recess Without Moving On NDAA After Procedural Vote Fails

The House will leave for the Fourth of July recess without moving forward on its $1.15 trillion fiscal year 2027 National Defense Authorization Act (NDAA), with a procedural vote to […]

Congress

Bipartisan Group Of House Members Introduce U.S.-Ukrainian Co-Production Bill For Unmanned Systems

A bipartisan group of six House legislators have introduced the Strategic Unmanned Systems Partnership Act–a bill to improve drone collaboration between the U.S. and Ukraine. Rep. Michael McCaul (R-Texas), the […]