| 2016-10-04 14:01:50|
TGI 14:01 10/04 10/04/16
Calspan acquires Triumph Aerospace Systems - Newport News
Triumph Group and Calspan Holdings, the parent company to a group of entities including Buffalo-based aerospace and automotive research company Calspan Corporation, announced the acquisition of Triumph Aerospace Systems - Newport News, Inc. The transaction was effective September 30, 2016 and the new company will operate as Calspan Systems Corporation. Triumph Aerospace Systems - Newport News generated revenues of approximately $18M in Triumph Group's fiscal year ended March 31, 2016. It is expected that full integration of the companies will be completed by the end of 2016.