Triumph Group Signs Four Year Contract with Lockheed Martin
WAYNE, Pa.--(BUSINESS WIRE)--Jan. 13, 2005--Triumph Group, Inc. (NYSE:TGI) announced today that its L.A. Gauge division has been awarded a long-term contract by Lockheed Martin Corporation to supply major structural components on the Sniper and Arrowhead Advanced Targeting programs. The agreement between Lockheed Martin and L.A. Gauge has an estimated value in excess of $42 million over the next four years.
Richard C. Ill, Triumph's President and Chief Executive Officer, said, "We are delighted to be chosen as a strategic supplier on this program. The program represents the third generation Forward Looking Infrared Radars and is the most advanced long-range precision targeting system available today for fixed-wing and rotor craft fighter platforms. We look forward to supporting this program over the next four years."
L.A. Gauge, located in Sun Valley, California, is a manufacturer and supplier of ultra-precision machined components utilizing exotic materials, such as Beryllium, AlBeMet and Inconel, and assemblies to the aviation, defense and commercial industries.
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.