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      Triumph Group (TGI) Stock Surged Post-Analyst Upgrade

      By Fahim Awan

      Published on

      November 10, 2023

      3:02 PM UTC

      Triumph Group (TGI) Stock Surged Post-Analyst Upgrade

      Triumph Group, Inc. (NYSE: TGI) shares exhibited a notable 7.83% fluctuation in the last trading session, ultimately settling at $9.92. The upswing in Triumph Group’s stock value can be attributed to recent analyst elevated recommendation. Investor firm TD Cowen upgraded its recommendation of TGI stock from “Market Perform” to “Outperform” on Thursday. In addition, the firm raised its target price for the stock from $10 to $14.

      Triumph Group (TGI) recently disclosed the acquisition of a contract from Sikorsky, a Lockheed Martin Company, for the CH-53K King Stallion rotorcraft within its Actuation Products & Services business. Triumph Group is tasked with providing main rotor blade fold actuation and dampening systems for lots 7 and 8, including spares.

      The execution of this project will take place at Triumph Group’s Seattle, Washington facility. This collaboration marks a crucial milestone in Triumph Group’s enduring partnership with Sikorsky, showcasing its commitment to furnishing military clients with essential, high-performance technical solutions and engineered products.

      TGI’s Actuation Products & Services division holds a prominent position in the design, development, manufacture, and support of intricate electro-hydraulic and mechanical systems and equipment tailored for the aerospace and defense industry.

      The range of products includes actuators, pumps, motors, reservoirs, control valves, and an extensive array of mechanical controls for both commercial and military aircraft. With ten manufacturing sites spread across North America and Europe, the Actuation Products & Services business serves a global clientele.

      Furthermore, Triumph Group’s Systems, Electronics, and Controls business has been chosen by Honeywell Aerospace to supply the next-generation, engine-mounted Electronic Control Unit (ECU) for forthcoming Auxiliary Power Unit (APU) models intended for both commercial and non-commercial aircraft.

      The collaboration with Honeywell on this APU Controller positions TGI to deliver an innovative solution that caters to evolving performance requirements and potential threats for both existing and future platforms.

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