Triumph Group Signs Multi-Year Supply Agreement with Vought for Boeing 787 Program
WAYNE, Pa., Jan 19, 2006 (BUSINESS WIRE) -- Triumph Group, Inc. (NYSE:TGI) announced today that its subsidiary, Triumph Composite Systems, Inc., located in Spokane, Washington, has been awarded a multi-year supply agreement with Vought Aircraft Industries, Inc., a structural integration partner in the Boeing 787 program. This agreement involves providing a wide variety of aerospace products, including composite ducting, machined metal parts and fittings, window assemblies, hydraulic tubing, insulation and other section components in support of Vought's workshare on the Boeing 787 aircraft. This award has an estimated value in excess of $200 million over the life of the 787 program.
Richard C. Ill, Triumph's President and Chief Executive Officer, said, "We are very pleased that Vought Aircraft chose Triumph to be a strategic partner to the 787 program. This integration agreement is indicative of Triumph's broad capabilities to design, manufacture, and procure aircraft components, accessories and systems. We look forward to supporting this relationship with Vought and view the award as another step in the evolution of Triumph to an aerospace system supplier."
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, including estimates of contract value. 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, 2005.
SOURCE: Triumph Group, Inc.
Triumph Group, Inc.
John Bartholdson, 610-251-1000