Embraer Gives E-Jet Fuselage Contract to Triumph Group

Before you go, we thought you'd like these...
Before you go close icon

Brazil's Embraer continued doling out subcontracts on its new E-Jets to major American airplane parts suppliers last week.

On Friday, Triumph Group's Aerostructures-Vought Aircraft Division announced that it has been awarded the contract to design and build the center fuselage section III, rear fuselage section, and also the rudder and elevator components on the tail section on Embraer's second-generation family of E-Jets.

In a statement, Triumph advised that it will invest $130 million in developing the parts over the next four years, beginning with a $25 million investment in fiscal 2014. Over time, the company expects to get this money back and more, collecting perhaps $1.7 billion in revenues from its sale of airplane parts to Embraer over the life of the program.

Triumph COE Jeffry D. Frisby called the deal "a significant win for Triumph and expands our presence in the jet market."

The article Embraer Gives E-Jet Fuselage Contract to Triumph Group originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends Embraer. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading