Aircraft Parts Maker Triumph Group Is Said to Explore Sale (1)

Triumph Group Inc. is exploring options including a sale of the company, in what would be the latest in a string of deals involving aerospace and defense manufacturers, according to people familiar with the situation.

Triumph, an aircraft components maker, is working with a financial adviser to solicit acquisition interest from strategic buyers as well as private equity firms, said the people, who asked not to be identified discussing confidential matters.

Shares of Triumph rose as much as 26% Thursday, the most since December. They closed up 21% to $14.12, giving the company a market value of almost $1.1 billion. ...