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Stock Market & Financial Investment News

News Breaks
July 14, 2014
15:51 EDTEADSY, TGITriumph to benefit from Airbus A330neo, says Credit Suisse
Credit Suisse views the re-engining of the A330 platform by Airbus (EADSY) as most beneficial for Triumph Group (TGI) among the airline suppliers that the firm covers. The firm has an Outperform rating and $88 price target on Triumph.
News For TGI;EADSY From The Last 14 Days
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December 18, 2014
08:04 EDTTGITriumph Group management to meet with UBS
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December 16, 2014
10:52 EDTEADSYAirbus says Tom Williams to succeed Günter Butschek as COO
The Board of Directors of Airbus Group has approved the following top management appointments as proposed by Airbus Group CEO Tom Enders and Airbus CEO Fabrice Brégier, effective as of January 1, 2015. Tom Williams, presently EVP Programmes at Airbus, will succeed Günter Butschek as Airbus COO and will become a member of the Group Executive Committee of Airbus Group. Butschek has decided to leave the Group at the end of 2014 in order to pursue other career opportunities. Didier Evrard, currently Head of the A350 XWB programme, will succeed Williams and in this new function will become a member of the Executive Committee of Airbus. He remains A350 XWB programme director until his successor is appointed. Klaus Richter, Chief Procurement Officer of Airbus and Airbus Group, has been promoted to become a member of the Group Executive Committee of Airbus Group.
08:49 EDTEADSYBernstein aerospace and defense analyst holds analyst/industry conference call
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December 15, 2014
18:21 EDTTGIAtlantic Investment raises stake in Triumph Group to 7.4% from 6.5%
December 11, 2014
07:30 EDTTGIDA Davidson to hold a conference
6th Annual Aerospace & Industrials 1:1 Conference is being held in Boston on December 11.
06:51 EDTEADSYEmirates airline head urges Airbus not to scrap A380, Reuters reports
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06:22 EDTEADSYAirbus sees upgrading A380 super-jumbo eventually, WSJ reports
Airbus Group is planning to eventually upgrade the A380 super-jumbo with new new engines and add more customers, Fabrice Brégier, the head of commercial jets for the group, says, The Wall Street Journal reports. CFO Harald Wilhelm previously commented that the super-jumbo program will break-even in 2015 and stay there until about 2018, at which time Airbus could upgrade the jet, stay the course or discontinue building the plane. Reference Link
December 10, 2014
09:22 EDTTGITriumph Group deal 'highly favorable,' says DA Davidson
After Triumph Group (TGI) announced that it would be taking over the production of the G650 and G280 wing programs from Spirit AeroSystems (SPR), DA Davidson thinks the deal is "highly favorable" for Triumph. The firm says that Triumph acquired two programs that have been at the top of its radar for some time, received enough cash to cover initial cash flows, and still has considerable room to make further acquisitions. DA Davidson keeps a Buy rating on Triumph.
07:24 EDTTGISpirit AeroSystems, Triumph Group deal a win-win transaction, says Wells Fargo
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December 9, 2014
12:38 EDTTGIBoeing 747 production rate cut not surprising, says Wells Fargo
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07:46 EDTTGITriumph Group to host a conference call
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07:31 EDTTGITriumph to take over production of Gulfstream G650, G280 wing programs in Tulsa
Triumph Group (TGI) announced the signing of a definitive agreement with Spirit AeroSystems Holdings (SPR) which Triumph will take over production of the Gulfstream G650 and G280 wing programs located in Tulsa, Oklahoma. The transaction is targeted to close by calendar year end, subject to customary closing conditions. Under the terms of the agreement, Triumph will receive $160M in cash plus assets required to run the business from Spirit to cover the anticipated future cash flow needs of the programs, with no additional capital contributions expected by Triumph. The company expects the programs to be initially cash flow negative, with operating cash requirements anticipated to decrease over the first three years and becoming cash flow positive in year four. The business will be included in the Aerostructures Group segment and is expected to add approximately $250M in annual revenue and to be immediately accretive to Triumph’s earnings per share upon closing, reflecting initial estimates of purchase accounting adjustments and excluding synergies resulting from the transaction and transaction related expenses. Upon the close of the transaction, production will continue out of Spirit’s Tulsa facility and Triumph will look to utilize its manufacturing experience, resources and wing design engineering capabilities as appropriate to supplement the Tulsa operations. The company will focus on optimizing the build process and cost structure of the programs, and has identified opportunities for engineering, supply chain and labor enhancements.
06:22 EDTEADSY, TGIBoeing sees strong demand for commercial airplanes in 2015
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