BERWYN, Pa.--(BUSINESS WIRE)--May 7, 2014--
Triumph Group, Inc.(NYSE:TGI) today announced that its
subsidiary, Triumph Aerostructures-Vought Aircraft Division, has been
selected by Airbus to furnish the wing reinforcement kit that allows for
the installation of Sharklets on the Airbus A319 and A320 in-service
aircraft. The kit consists of multiple subassemblies and components that
reinforce the wing for the Sharklet loads. The multi-year contract is
worth over $160.0 million. Production will be done at the company’s
Nashville, Tennessee facility, with first delivery expected early 2015.
Jeffry D. Frisby, Triumph’s President and Chief Executive Officer, said,
“This is a significant win for Triumph, strengthening our long-term
relationship with Airbus. With more than three thousand A319 and A320
in-service aircraft eligible for the retrofit and strong operator
demand, the outlook for the program is solid. We look forward to working
with Airbus and the operators in supporting this retrofit program.”
Triumph Aerostructures-Vought Aircraft Division designs, tests and
manufactures aerostructures for commercial, military and business jet
aircraft. Products include fuselage sections, wings, empennages, nacelle
structures and helicopter cabins.
Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs,
engineers, manufactures, repairs and overhauls a broad portfolio of
aerostructures, aircraft components, accessories, subassemblies and
systems. 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 company’s website 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, including, without limitation,
statements about expectations of future revenues. 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 Group’s reports filed with the
SEC, including our Annual Report on Form 10-K for the fiscal year ended
March 31, 2013.
Source: Triumph Group, Inc.
Triumph Group, Inc.
Sheila G. Spagnolo
Vice President, Tax &