A View From Above: Richard Ill, Triumph Group
Episode Description
An interview from the recent Wharton Aerospace Conference.
Brief Summary
Triumph Group discusses military and commercial aircraft operations, production challenges, and international strategies in the aerospace industry.
Key points
- Triumph Group Overview. A Triumph group consists of 42 companies and 54 locations worldwide, focusing on aircraft components.
- Challenges in Aircraft Orders. Decreased passenger and cargo miles have slowed new aircraft orders, impacting business.
- Future of Defense Budget. The uncertainty of the defense budget poses challenges for aircraft production and business stability.
- Military Business Growth. Military business has grown from 4% to 43% of Triumph's operations since going public.
- Global Operations. Triumph operates in various countries, including Mexico and Thailand, to leverage low-cost labor.
Ask about Knowledge at Wharton
Episode highlights
- Triumph Group OverviewA Triumph group consists of 42 companies and 54 locations worldwide, focusing on aircraft components.0:19Apr 6, 2010
- Challenges in Aircraft OrdersDecreased passenger and cargo miles have slowed new aircraft orders, impacting business.“New orders on aircraft have not been coming in as fast.”1:38Apr 6, 2010
- Future of Defense BudgetThe uncertainty of the defense budget poses challenges for aircraft production and business stability.“A very much harder question to answer.”2:22Apr 6, 2010
- Military Business GrowthMilitary business has grown from 4% to 43% of Triumph's operations since going public.“Our military has strengthened immensely.”3:59Apr 6, 2010
- Global OperationsTriumph operates in various countries, including Mexico and Thailand, to leverage low-cost labor.“We built a plant in Thailand specifically to service the Asian market.”8:12Apr 6, 2010
Episode quotes
Tension
30/ 100Low tension
