Benzinga | Nov 16, 2021 07:23AM EST

Triumph Bags Two-Year Contract From Calidus Aerospace

* Triumph Group Inc's (NYSE:TGI) Triumph Mechanical Solutions facility in Heiligenhaus, Germany, has secured a two-year contract from Calidus Aerospace LLC to design, develop and manufacture the throttle quadrant assembly for the B-250 aircraft. Financial terms were not disclosed.

* Triumph developed a complete sub-system solution for Calidus, comprising the engine control, quadrant, and linkages in a single and fully integrated solution.

* This is Triumph's first award with Calidus, the United Arab Emirates-based manufacturer of the B-250 aircraft.

* The B-250 aircraft is designed specifically for asymmetric warfare zones and easily adapts to the most difficult terrain and weather conditions.

* Price Action: TGI shares closed higher by 0.87% at $21.92 on Monday.