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Triumph Group, Lockheed Martin Extend F-35 Sustainment Deal
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Triumph Group, Lockheed Martin Extend F-35 Sustainment Deal
Aug 6, 2024 11:23 AM

01:56 PM EDT, 08/06/2024 (MT Newswires) -- Triumph Group ( TGI ) said Tuesday that its Actuation Products & Services business and Lockheed Martin ( LMT ) have extended their repair and technical support agreement in support of the F-35 program.

Triumph said that over the next five years, its facility in Clemmons, North Carolina, will provide engineering and material support for the program as part of sustainment efforts at the Marine Corps Air Station Cherry Point.

The company said it has provided original equipment and aftermarket hydraulic utility actuation valves for the program since 2014 and started working with Lockheed Martin ( LMT ) to deliver HUAV aftermarket parts for military depot operations in 2021.

Shares of Triumph advanced 3.1% while Lockheed Martin ( LMT ) rose 0.5% in recent trading.

Price: 15.49, Change: +0.47, Percent Change: +3.13

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