Triumph Group's factory in Stuart, Florida, makes aircraft structures. (Courtesy of Daher)
French aviation company Daher plans to expand its presence in the United States by acquiring Triumph Group's aircraft structures factory in Stuart, Florida, the buyer and the seller both announced on 2 February.
The Stuart site assembles wing and fuselage structures and serves several kinds of aircraft, including the Boeing KC-46 military tanker. It employs about 400 people.
When the transaction closes, Triumph will have completed a long-planned exit from structures manufacturing, as it seeks to focus on the more profitable role of providing systems and aftermarket services. Stuart is the 16th non-core business Triumph will have divested since 2016.
The Stuart deal is expected to close in the first half of 2022 after clearing regulatory reviews. Financial terms were not disclosed.
North America is key to Daher's growth strategy. In 2019, Daher acquired Idaho-based Quest Aircraft Company, whose Kodiak 100 turboprop is flown by a wide range of customers, including the armed forces.
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