Bombardier just inked a deal to acquire the wing manufacturing operations and assets of the Triumph Group Inc. a company that has been building the wing structure for the Global 7500. Montreal-based Bombardier will enter into a lease agreement for Triumph’s facility in Red Oak, Texas, and continue to operate the production line with the employees currently working on the program. The wing-making operations will be incorporated into Bombardier’s aerostructures and engineering services segment.
Bombardier Brings Global 7500 Wing Production In-House
Key Takeaways:
- Bombardier is acquiring the Global 7500 wing manufacturing operations from Triumph Group Inc., including its Red Oak, Texas facility and approximately 700 employees/contractors.
- This strategic move aims to integrate key wing production expertise into Bombardier's aerostructures and engineering services segment, despite a prior lawsuit between the two companies that settled out of court.
- The acquisition supports Bombardier's ambitious revenue growth projections, largely driven by strong Global 7500 sales which are expected to boost annual revenues to $8.5 billion by 2020.
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