Triumph Group Signs Agreement with Saab for Boeing 787 Large Cargo Door Actuation System
WAYNE, Pa.--(BUSINESS WIRE)--Feb. 8, 2006--Triumph Group, Inc. (NYSE:TGI) announced today that its subsidiary, Frisby Aerospace, LLC, has been awarded a contract by Saab Aerostructures to provide the Boeing 787 Large Cargo Door Actuation System ("LCDAS"). The 787 LCDAS is a collaborative effort of multiple Triumph Group companies working to provide a system solution for the 787 program. The agreement has an estimated value of up to $300 million over the life of the program.
Richard C. Ill, Triumph's President and Chief Executive Officer, said, "We are looking forward to working with Saab to supply the Large Cargo Door Actuation System for the Boeing 787. This award represents Triumph's ongoing commitment to forging partnerships with our customers by providing integrated solutions for complex systems."
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 commercial and regional airlines, air cargo carriers, as well as original equipment manufacturers of commercial, regional, business and military aircraft and aircraft components.
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, 2005.
CONTACT: Triumph Group, Inc., Wayne
John Bartholdson, 610-251-1000
SOURCE: Triumph Group, Inc.