Daher Aerospace entered into a definitive agreement to acquire Stuart, Florida Aerostructures business of Triumph Group, Inc. (NYSE:TGI) on February 2, 2022. The sale includes the Stuart, Florida business and the transfer of Stuart employees. The Stuart operation has approximately 400 employees. This transaction is subject to customary closing conditions and is expected to close in the first half of the calendar year. Lazard acted as exclusive financial advisor to Triumph on the transaction. JPMorgan Chase & Co. (NYSE:JPM) acted as financial advisor to Daher Aerospace.

Daher Aerospace completed the acquisition of Stuart, Florida Aerostructures business of Triumph Group, Inc. (NYSE:TGI) on July 1, 2022.