We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Triumph Divests Aerospace-Systems Newport News to Calspan
Read MoreHide Full Article
Triumph Group, Inc.(TGI - Free Report) announced that its subsidiary, Triumph Aerospace-Systems Newport News, Inc., was acquired by Calspan Holdings, the parent company of Cheektowaga-based Calspan Corp. The deal was completed on Sep 30. However, the value of the deal was kept under wraps.
Details of the Transaction
Under the agreement, Triumph Aerospace-Systems will hereafter be referred to as Calspan Systems Corp. Calspan Holdings intends to combine Triumph Aerospace-Systems with its research and development portfolio due to the similarity in their operations. Moreover, the acquisition is expected to boost Calspan Holdings’ position in the thriving aerospace engineering, testing and designing markets.
Rationale Behind the Sale
The sale came as part of management’s efforts on streamlining the company’s business structure to reduce costs and support its “go-to-market strategies.” The divestment will also aid the company to focus better on its core businesses and improve efficiency in the process.
Triumph Group offers a variety of products and services to the aerospace industry. Notably, Triumph Aerospace-Systems specializes in engineering and manufacturing of complex hardware and prototype systems for ground test and flight applications. These systems are used in various high-tech fields, including the aerospace industry. For the fiscal year ended Mar 31, 2016, Triumph Aerospace-Systems has contributed nearly $18 million to the company’s net sales.
CAE has delivered an average positive earnings surprise of 10.6% in the trailing four quarters.
Ducommun has witnessed an increase of 1.5% and 4.3% in the Zacks Consensus Estimate for earnings for 2016 and 2017, respectively, over the last 60 days.
Spirit AeroSystems has delivered an average positive earnings surprise of 8.2% in the trailing four quarters.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
See More Zacks Research for These Tickers
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Triumph Divests Aerospace-Systems Newport News to Calspan
Triumph Group, Inc.(TGI - Free Report) announced that its subsidiary, Triumph Aerospace-Systems Newport News, Inc., was acquired by Calspan Holdings, the parent company of Cheektowaga-based Calspan Corp. The deal was completed on Sep 30. However, the value of the deal was kept under wraps.
Details of the Transaction
Under the agreement, Triumph Aerospace-Systems will hereafter be referred to as Calspan Systems Corp. Calspan Holdings intends to combine Triumph Aerospace-Systems with its research and development portfolio due to the similarity in their operations. Moreover, the acquisition is expected to boost Calspan Holdings’ position in the thriving aerospace engineering, testing and designing markets.
Rationale Behind the Sale
The sale came as part of management’s efforts on streamlining the company’s business structure to reduce costs and support its “go-to-market strategies.” The divestment will also aid the company to focus better on its core businesses and improve efficiency in the process.
TRIUMPH GRP INC Price
TRIUMPH GRP INC Price | TRIUMPH GRP INC Quote
About Triumph Group
Triumph Group offers a variety of products and services to the aerospace industry. Notably, Triumph Aerospace-Systems specializes in engineering and manufacturing of complex hardware and prototype systems for ground test and flight applications. These systems are used in various high-tech fields, including the aerospace industry. For the fiscal year ended Mar 31, 2016, Triumph Aerospace-Systems has contributed nearly $18 million to the company’s net sales.
Zacks Rank & Key Picks
Triumph Group currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the aerospace sector include CAE Inc. (CAE - Free Report) , Ducommun Inc. (DCO - Free Report) and Spirit AeroSystems Holdings, Inc. (SPR - Free Report) . All the three stocks sport a Zacks Rank#1(Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
CAE has delivered an average positive earnings surprise of 10.6% in the trailing four quarters.
Ducommun has witnessed an increase of 1.5% and 4.3% in the Zacks Consensus Estimate for earnings for 2016 and 2017, respectively, over the last 60 days.
Spirit AeroSystems has delivered an average positive earnings surprise of 8.2% in the trailing four quarters.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>