Triumph Group Selected to Provide Airbus A380F Floor Panel System
WAYNE, Pa.--(BUSINESS WIRE)--Jan. 12, 2005--Triumph Group, Inc. (NYSE:TGI) announced today that its subsidiary, Triumph Composite Systems, Inc., located in Spokane, WA, has been awarded by Airbus, a contract for the design and manufacturing of the floor panel system for the A380 Freighter aircraft. This contract includes conceptual and concurrent detailed design, qualification testing, parts manufacturing and post-production support for the life of the A380 Freighter. This award represents a potential total program value in excess of $35 million for Triumph over the life of the A380F program.
Richard C. Ill, Triumph's President and Chief Executive Officer, said, "We are delighted to partner with Airbus and view the award to design and supply the A380F floor panel systems as a significant milestone in the evolution of Triumph Composite Systems. We are optimistic that this will be the first of many design and build awards for Triumph Composite Systems. We are certainly very pleased that our employees in Spokane will have the opportunity to provide outstanding products and services beyond their traditional customer base."
Triumph Composite Systems, a leader in the aviation industry in the application of lean enterprise techniques, is one of the premier manufacturers of aerospace composite ducting, flight deck components and floor panel systems. The organization focuses on the development of new material and products, process efficiency and customer satisfaction.
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 aircraft and aircraft components as well as commercial, military and air cargo customers.
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 year ended March 31, 2004.
CONTACT: Triumph Group, Inc., Wayne
John Bartholdson, 610-251-1000
SOURCE: Triumph Group, Inc.