WAYNE, Pa.--(BUSINESS WIRE)--Oct. 26, 2009--
Triumph Group, Inc. (NYSE: TGI) today announced that its
Seattle-based engineering group has been awarded a series of contracts
by Sikorsky Aircraft Corp. to develop systems and critical components
for the CH-53K helicopter that Sikorsky is developing for the U.S.
Marine Corps. The CH-53K is being designed to provide the U.S. Marines
with enhanced heavy-lift capability. The scope of the agreements
includes the development of the Blade Fold System, the Blade Damper and
the Rotor Brake Module. The development contract is expected to be
completed in 2012 and will initially involve several Triumph Group
companies. Sikorsky Aircraft is a subsidiary of United Technologies
Corp. (NYSE: UTX).
Richard C. Ill, Triumph’s Chairman and Chief Executive Officer, said,
“We are very pleased that Sikorsky Aircraft chose Triumph to assist in
the development of this important aircraft. We believe Triumph’s
experience in providing state of the art, innovative and practical
systems solutions enabled us to win this important business. We view
this award as a significant milestone in our excellent relationship with
Sikorsky and look forward to supporting this program and our Marines.”
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
More information about Triumph can be found on the Internet at http://www.triumphgroup.com.
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. 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 fiscal year ended March 31, 2009.
Source: Triumph Group, Inc.
Triumph Group, Inc.
Sheila Spagnolo, Vice President