Triumph Group’s Restructuring Produces Early Results, and Cause for Optimism

by Richard Pettibone, Aerospace & Defense Companies Analyst, Forecast International.

Fuselage under construction at Triumph Aerospace Structures

Having expanded too fast in the recent past, Triumph Group is in the midst of rationalizing its operations in order to get back on track. Under CEO Dan Crowley, Triumph is following its “One Triumph” initiative that aims to transform the company into a more nimble and responsive supplier.

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Finmeccanica Becomes ‘One Company’ with Assimilation of Legacy Firms

by Richard Pettibone, Aerospace & Defense Companies Analyst, Forecast International

AgustaWestland Lynx Wildcat. Source - U.K. Ministry of Defence

AgustaWestland, now Finmeccanica-Helicopters, Lynx Wildcat.  Source – U.K. Ministry of Defence

Under Finmeccanica’s latest “One Company” restructuring effort (effective January 1, 2016), the firm is now focused on the helicopters; aeronautics; space; and catchall electronics, defense, and security systems sectors.  The company serves these sectors through seven divisions formed from the legacy companies of AgustaWestland, Alenia Aermacchi, Selex ES, Oto Melara, and WASS. Previously, the headquarters of Finmeccanica acted as more of a holding company for the aforementioned operating brands. The aim of the restructuring effort is to cut costs by removing areas of duplication in areas such as R&D and to divest unprofitable activities across the board. Continue reading