A. Biederman, A Triumph Group Company, Appointed Authorized Repair Center and Stocking Distributor for Horizon Aerospace LLC
In addition, A. Biederman will serve as a stocking distributor for Horizon spare parts. Horizon Aerospace LLC designs and manufactures standby engine instruments, engine monitoring systems, and electronic and electromechanical components (assets formerly owned by Lewis Engineering).
Richard C. Ill, President and Chief Executive Officer of Triumph Group, Inc. said, "We are extremely pleased with this appointment as it affords A. Biederman an opportunity to expand its business both through its ability to provide both warranty and out of warranty repair services, as well as through its service as a stocking distributor for Horizon spare parts."
A. Biederman specializes in the repair and overhaul of aircraft instruments for major commercial air transports, freight carriers, regional airlines, corporate business aircraft, and helicopters. In addition to the overhaul and repair operation, A. Biederman also serves as an authorized stocking distributor for aircraft instruments and components.
In addition to the aerospace products, A. Biederman distributes a complete line of industrial instruments, controls, and valves. A. Biederman is a part of Triumph Group, Inc.'s Aftermarket Services Group.
Triumph Group, Inc. headquartered in Wayne, PA, designs, engineers, manufactures, repairs and overhauls aircraft and industrial gas turbine components and accessories.
The Company serves a broad, worldwide spectrum of the aviation industry, including commercial airlines and air cargo carriers, and the ground power generation industry as well as original equipment manufacturers of aircraft and aircraft components and industrial gas turbine engines. The Company also distributes, processes and fabricates metal products.
More information about Triumph can be found on the World Wide Web at http://www.triumphgroup.com
Statements which are not historical facts, contained in this release, including statements relating to any benefits of this appointment, are forward-looking statements under the provision of the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve risks and uncertainties including statements regarding the outlook for continued opportunities for future growth.
The company wishes to caution readers that several important factors could affect the company's actual results and could cause its actual results to differ materially from those expressed in any forward looking statements made by, or on behalf of, the company.
Further information regarding the important factors that could cause actual results to differ from projected results can be found in Triumph's reports filed with the SEC, including our Form 10-K for the year ended March 31, 2001.
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