News Releases

Triumph Group Completes Acquisition of Aviation Segment of Kongsberg Automotive

March 31, 2009 at 4:57 PM EDT

WAYNE, Pa.--(BUSINESS WIRE)--Mar. 31, 2009-- Triumph Group, Inc. (NYSE:TGI) today announced completion of the previously announced acquisition of the assets of Kongsberg Automotive's aviation segment. Located in Basildon, U.K. and Heiligenhaus, Germany, the acquired business will operate as Triumph Controls-UK, Ltd. and Triumph Controls-Germany, GmbH. The business is expected to add approximately $12 million of revenue for fiscal year 2010 and will be immediately accretive to earnings.

Employing approximately thirty people, the business produces and repairs cable control systems for ground, flight, engine management and cabin comfort features in aircraft and will become part of Triumph Aerospace Systems Group.

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