Triumph Group sold its wing manufacturing unit to Bombardier.

Triumph Group, international supplier of aerospace services, structures, systems and support, sold its wing manufacturing unit to Bombardier, a multinational aerospace and transportation company based in Canada. Financial terms were not disclosed. “This agreement is a pivotal step in our transformation as we continue our focus on our core Integrated Systems and Aftermarket offerings and our goal of achieving predictable profitability. This transition in our portfolio enhances our free cash flow and margins in FY’20 and beyond. We’re proud of our work to date on the Global 7500 program and we will continue to support Bombardier throughout its portfolio,” said Dan Crowley, President and CEO of Triumph Group.