|Photo: Triumph Group
[Avionics Today 12-09-2014] Spirit AeroSystems has reached an agreement to transfer the Gulfstream wing work packages at its facility in Tulsa, Okla., to Pennsylvania-based aerospace components provider, Triumph Group. The transfer includes both the G650 and G280 wing programs and allows Spirit to make a cash payment to Triumph in the amount of $160 million, an estimated loss of more than $205 million for the company.
"This transfer continues Spirit's transformation and allows us to further focus on our core markets of aerostructures for commercial and defense aircraft. We wish Triumph great success, and we are working closely with them to make this transition smooth for Gulfstream, the employees and the Tulsa community," said Spirit AeroSystems President and CEO Larry Lawson.
Spirit employees who are currently working on the Gulfstream programs will be offered positions with Triumph. Lawson also noted Spirit will be pausing to evaluate remaining work in other Tulsa programs.