News Releases

Triumph Group Announces Acquisition

February 27, 2009 at 11:40 AM EST

WAYNE, Pa.--(BUSINESS WIRE)--Feb. 27, 2009-- Triumph Group, Inc. (NYSE:TGI) today announced that it has entered into an agreement to purchase the assets of the aviation segment of Kongsberg Automotive (KA). The agreement is subject to German and U.K. aviation regulatory approvals, the expiration of the German employees' transfer period pursuant to German labor laws and other contractual consents. The transaction is expected to be completed by March 31, 2009. The acquired business, which is located in Basildon, U.K. and Heiligenhaus, Germany, provides cable control systems for commercial and military aircraft to Europe's leading aerospace manufacturers. The company will operate as Triumph Controls-U.K., Ltd. and as Triumph Controls-Germany, GmbH and will be part of Triumph Aerospace Systems Group.

Employing approximately thirty people, the business produces and repairs cable control systems for ground, flight, engine management and cabin comfort features in aircraft.

Richard C. Ill, Triumph's President and Chief Executive Officer, said, “We view this acquisition as an opportunity to further complement our existing product line of electro-mechanical control systems and to expand the breadth of products and services we offer to our customers. We believe this addition is an excellent strategic fit within our Aerospace Systems Group and will make an immediate contribution to earnings.”

Triumph Group, Inc., headquartered in Wayne, Pennsylvania, designs, engineers, manufactures, repairs and overhauls aircraft components and accessories. The company serves a broad, worldwide spectrum of the aviation industry, including original equipment manufacturers of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers.

More information about Triumph can be found on the Internet at

Statements in this release which are not historical facts are forward-looking statements under the provisions of the Private Securities Litigation Reform Act of 1995, including statements of expected earnings and accretion. All forward-looking statements involve risks and uncertainties which 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 Annual Report on Form 10-K for the year ended March 31, 2008.

Source: Triumph Group, Inc.

Triumph Group, Inc.
Sheila G. Spagnolo
Vice President