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Bombardier to acquire 7500 wing program from Triumph
Bombardier entered into a definitive agreement to acquire the Global 7500 wing program from Triumph Group Inc. Expected to close in the first quarter of 2019, the acquired operations will be incorporated into Bombardier’s Aerostructures and Engineering Services segment.
January 25, 2019 By Wings Staff
To support the transition of wing production and deliveries for the Global 7500 program, which entered into service in December 2018, Bombardier will enter into a lease agreement for Triumph’s Red Oak, Texas, facility and continue to operate the production line with the employees currently supporting the program.
“This acquisition is a perfect strategic fit for Bombardier Aerostructures,” said Danny Di Perna, president, Bombardier Aerostructures and Engineering Services. “It will allow us to bring our extensive technical expertise to one of the industry’s biggest growth programs, while solidifying our position as a leading wing provider.”
RELATED: Setting the Global 7500 Range
Bombardier will assume ongoing working capital investments and usual costs associated with the program’s production ramp-up. On a business segment level, Aerostructures revenue guidance for 2019 is adjusted upwards to between $2.25 billion to $2.50 billion, reflecting what the company describes as additional intersegment revenues.
