Triumph Group, Inc. announced that it has entered into a definitive agreement to transfer the Global 7500 program to Bombardier. Under the terms of the agreement, Triumph will transition responsibility for the Global 7500 wing manufacturing operations and assets to Bombardier. This agreement is a pivotal step in their transformation as they continue to focus on its core Integrated Systems and Aftermarket offerings and goal of achieving predictable profitability. To ensure a seamless transition, the companies agree that Bombardier will continue to operate the program's production line at Triumph's Red Oak, Texas facility and Triumph employees currently operating the Global 7500 production line in Red Oak will continue in their roles upon completion of the transition. The transition, which is subject to certain closing conditions, is expected to close in the first calendar quarter of 2019. Under the terms of the agreement, Bombardier will assume the program's assets and obligations upon closing.