An aerial view of the Stuart aerostructures business in Stuart, Florida. [Courtesy: Daher]
Key Takeaways:
French aircraft maker Daher SA is acquiring the metallic aerostructures production and assembly business of Triumph Group Inc., located in Stuart, Florida.
This acquisition aligns with Daher's strategic plan to significantly develop its North American activities and raise its profile in the global aerospace industry.
For Triumph Group, the sale marks its complete exit from the structures business, allowing it to focus as a "pure play" provider of aerospace systems and aftermarket services.
French aircraft maker Daher SA—producer of the TBM 910 and 940 and Kodiak 100 turboprop singles—said it agreed to acquire the Stuart, Florida-based metallic aerostructures production and assembly business of Triumph Group Inc.
The companies did not disclose the terms of the transaction.
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Jonathan Welsh is Lead Editor of Aviation Consumer and a private pilot who worked as a reporter, editor and columnist with the Wall Street Journal for 21 years, mostly covering the auto industry. His passion for aviation began in childhood with balsa-wood gliders his aunt would buy for him at the corner store. Follow Jonathan on Twitter @JonathanWelsh4
