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Triumph Group Receives MRO Contract From a National Carrier
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Triumph Group, Inc. (TGI - Free Report) announced that it has received a five-year contract for maintenance, repair and overhaul (“MRO”) work on CFM56-7B nacelle components for the 737NG aircraft, operated by a U.S. airline operator.
Per the deal, Triumph Group’s unit Triumph Product Support will service thrust reversers, fan cowls and inlet cowls on the CFM56-7B engines on the carrier’s 737NG fleet. The company offers extensive products and services that simplify the MRO supply chain.
Service Market to Expand
In its long-term outlook, The Boeing Company (BA - Free Report) anticipated commercial airplanes and service market to touch $15 trillion over the next two decades. The report also indicates that massive fleet will generate a strong and growing demand for aviation services, ranging from supply chain support (parts and parts logistics) to maintenance and engineering services, aircraft modifications, and airline operations.
Boeing projected an $8.8 trillion market for commercial aviation services over the next 20 years, with annual growth of 4.2%. Triumph Group, with its expertise in line maintenance, component MRO and post-production supply chain activities, is well positioned to grab a major portion in the service market.
Triumph Partners Major Players
Triumph Group has partnered with two main manufacturers of big commercial airplanes, namely Boeing and Airbus SE (EADSY - Free Report) . This in a way will ensure Triumph to receive after sales services for the commercial airplane manufactured by these companies.
Triumph provides total life cycle solutions for commercial, business and military aircraft. Its commercial aircraft services generate major portion of the Product Support revenues.
Price Movement
Triumph’s shares have lost 4.9% in the past three months against its industry’s growth of 1.9%.
AeroVironment delivered an average positive earnings surprise of 365.27% in the last four quarters. Its earnings estimates for fiscal 2019 and 2020 have moved up 22.5% and 1.4%, respectively, over the past 60 days.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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Triumph Group Receives MRO Contract From a National Carrier
Triumph Group, Inc. (TGI - Free Report) announced that it has received a five-year contract for maintenance, repair and overhaul (“MRO”) work on CFM56-7B nacelle components for the 737NG aircraft, operated by a U.S. airline operator.
Per the deal, Triumph Group’s unit Triumph Product Support will service thrust reversers, fan cowls and inlet cowls on the CFM56-7B engines on the carrier’s 737NG fleet. The company offers extensive products and services that simplify the MRO supply chain.
Service Market to Expand
In its long-term outlook, The Boeing Company (BA - Free Report) anticipated commercial airplanes and service market to touch $15 trillion over the next two decades. The report also indicates that massive fleet will generate a strong and growing demand for aviation services, ranging from supply chain support (parts and parts logistics) to maintenance and engineering services, aircraft modifications, and airline operations.
Boeing projected an $8.8 trillion market for commercial aviation services over the next 20 years, with annual growth of 4.2%. Triumph Group, with its expertise in line maintenance, component MRO and post-production supply chain activities, is well positioned to grab a major portion in the service market.
Triumph Partners Major Players
Triumph Group has partnered with two main manufacturers of big commercial airplanes, namely Boeing and Airbus SE (EADSY - Free Report) . This in a way will ensure Triumph to receive after sales services for the commercial airplane manufactured by these companies.
Triumph provides total life cycle solutions for commercial, business and military aircraft. Its commercial aircraft services generate major portion of the Product Support revenues.
Price Movement
Triumph’s shares have lost 4.9% in the past three months against its industry’s growth of 1.9%.
Zacks Rank & A Key Pick
Triumph Group currently has a Zacks Rank #4 (Sell). A better-ranked stock in the same industry is AeroVironment, Inc. (AVAV - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AeroVironment delivered an average positive earnings surprise of 365.27% in the last four quarters. Its earnings estimates for fiscal 2019 and 2020 have moved up 22.5% and 1.4%, respectively, over the past 60 days.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>