RADNOR, Pa. – Triumph Group (NYSE:), Inc. [NYSE:TGI], a leader in aerospace systems and components with a market capitalization of $1.46 billion, announced a significant milestone in its Actuation Products and Services business, having delivered over $28 million in aftermarket shipments for the Boeing (NYSE:) 787 and Airbus A380 landing gear systems. This marks the highest level of shipments for Triumph to date within a fiscal year, contributing to the company’s 6.73% year-over-year revenue growth. According to InvestingPro analysis, the company maintains a strong liquidity position with a current ratio of 2.47, indicating robust ability to meet short-term obligations.
The company has seen an uptick in demand for its services as the Boeing 787 fleet begins to hit the 12-year mark, triggering mandatory heavy landing gear overhauls. With over 500 aircraft anticipated to require maintenance over the next five years, Triumph is…
