Create an Account - Increase your productivity, customize your experience, and engage in information you care about.
By Evan Hoopfer – Staff Writer, Dallas Business Journal
The Boeing Company (NYSE: BA) selected Triumph Group, Inc. (NYSE: TGI) to be a major supplier for its training jet, which will benefit Dallas-Fort Worth by bringing hundreds of jobs to the area.
Triumph's flagship plant is in Red Oak — about 20 miles south of Dallas via I-35E — and the partnership between the two giants of the aerospace industry will generate 950 direct and indirect jobs, the companies announced Friday morning.
“We are excited for the opportunity to support the great men and women who serve and defend our country," said Dan Crowley, Triumph Group president and CEO, in a prepared statement. "Along with Boeing we are ready to provide the best option for the T-X program."
A "direct" job is an employee of the Red Oak plant. An "indirect" job refers to jobs created for Triumph's suppliers, said Allen Vyce, president of Triumph Aerospace Structures. Triumph's Red Oak facility currently has about 1,200 employees.
Boeing still has to win the contract and the U.S. Air Force is expected to make a decision early next year.
The T-X program is a pilot training system designed for the Air Force to help train fighter and bomber pilots. The program would replace the T-38 trainer used today.
If Boeing wins the contract, the Red Oak facility will supply the wing, vertical tail, horizontal tail structures with opportunities for additional work, the company said.
"We've got some other competitors," said Rep. Joe Barton, R-Texas, who represents the 6th district, mentioning companies such as Bethesda, Maryland-based Lockheed Martin (NYSE: LMT) which has major operations in Fort Worth.