Triumph Group Inc. (TGI) said Friday that its unit, Triumph Aerostructures-Vought Aircraft Division, has been selected to design and build the center fuselage section III, rear fuselage section and various tail section components (rudder and elevator) for Embraer's second-generation E-Jet family. The contract is worth about $1.7 billion over its lifetime.
The company's investment in the program, including capital and design activities, will be about $130 million, which will be spread over the next four years. Planned to enter service in 2018, the program is expected to launch later this year. Spending in FY 2014 will be about $25 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.