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 wing manufacturing operations and assets for its Global 7500 business jet from Triumph Group, bringing production in-house and retaining approximately 500 employees.
- The acquisition, set to close in Q1 2019, will integrate the wing-making operations into Bombardier's aerostructures segment, enhancing its production expertise.
- This strategic move supports Bombardier's significant revenue growth predictions, largely driven by the Global 7500, with annual revenues projected to reach $8.5 billion by 2020.
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