BERWYN, Pa.--(BUSINESS WIRE)--Oct. 29, 2014--
Triumph Group, Inc.(NYSE:TGI) today announced that its
subsidiary, Triumph Aerostructures - Vought Aircraft Division, has been
selected by Gulfstream Aerospace Corp. to build wing structural
components for the G500/600 business jet. The contract is worth
approximately $250.0 million. Production of the structural components
will be performed at the company’s facilities in Nashville, Tennessee
and Los Angeles, California.
In addition to the wing structural components, Triumph Actuation Systems
- Connecticut has also been selected by UTC Aerospace Systems to design
and build the G500/600 nose wheel steering system. The contract is worth
approximately $80.0 million with the design and build being performed at
the company’s facilities in Bloomfield and East Lyme, Connecticut.
Jeffry D. Frisby, Triumph’s President and Chief Executive Officer, said,
“These awards are important wins for Triumph, strengthening our
long-term relationships with Gulfstream and UTC Aerospace Systems and
building our presence in the business jet market. We are excited by our
participation on Gulfstream’s new family of business jets and look
forward to supporting this program for many years to come.”
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. 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, including statements of expected revenues. 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, 2014.
Source: Triumph Group, Inc.
Triumph Group, Inc.
Sheila G. Spagnolo
Vice President-Tax &