Triumph Group sues Bombardier for $340M over Global 7000 wing costs

Triumph Group filed a lawsuit against Bombardier seeking $340 million for costs incurred during the development of the Global 7000 wing, citing changes and delays. Bombardier called the suit without merit and plans counterclaims.

“The lawsuit seeks a monetary award of approximately US$340,000,000 (or CAD $455,000,000) resulting from Bombardier directed changes to the original wing requirements for the Global 7000 program, as well as Bombardier’s, delays, disruptions, acceleration and interference in connection with its contra”financialpost.com

• 4 sources
• financialpost.comBombardier says Triumph's US$340M lawsuit without merit, plans own proceedings over Global 7000 delays - Financial PostYadullah HussainJan 5, 2017
• airport-technology.comTextron selects Triumph to provide components for Cessna Citation Longitude aircraft programme - Airport TechnologyMrinmoyeeJan 30, 2017
• avitrader.comTriumph selected for Cessna Citation Longitude program components.Jan 31, 2017
• airport-technology.comDeals this week: Textron Aviation, Iridium Communications, EaglePicher - Airport TechnologyFeb 1, 2017

Summarized from public sources; check the original articles before acting on it.