One of the leading companies in the aerospace industry has come to Arlington.
Triumph Aerostructures - Vought Aircraft Division's Arlington Move has relocated its engineering services operations, including aerospace product development, as well as its division management and shared services to a 100,000 square foot facility at 1401 Nolan Ryan Expressway. When complete, Triumph will relocate approximately 500 full time employees and related contractors to this facility, with an average salary of $100,000.
As an incentive, City Council members recently approved a ten year performance-based grant in an amount not to exceed $120,000 annually. The grant will help offset costs related to relocation and retrofitting the facility to accommodate Triumph's operations.
City leaders are expected this partnership to reinforce the message to the North Texas business community that Arlington is a viable and economical place to do business and bring employment. The City is expecting the workforce to significantly contribute to the local and regional economy.
Future economic development goals include attracting more supporting and similarly sophisticated industries within the aerospace field.
Triumph Aerostructures - Vought Aircraft Division designs, tests and manufactures aerostructures for commercial, military and business jet aircraft. Products include fuselages, wings, empennages, nacelles and helicopter cabins. It is a subsidiary of Triumph Group, Inc., which purchased Dallas-based Vought Aircraft Industries, Inc. in June 2010.
Triumph Group, Inc., headquartered in Berwyn, Penn., designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerostructures, aircraft components, accessories, subassemblies and systems.
For more information about Triumph Group, Inc., or Triumph Aerostructures - Vought Aircraft Division visit
www.triumphgroup.com.
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