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|Triumph Group Receives Boeing Approval to Provide CFM56-7 Thrust Reverser Maintenance, Repair and Overhaul Service in Asia|
WAYNE, Pa., Nov 16, 2010 (BUSINESS WIRE) --
Triumph Group, Inc. (NYSE:TGI) today announced that its subsidiary, Triumph Aviation Services Asia, Ltd., located in Bangkok, Thailand, has received approval from The Boeing Company to provide maintenance, repair and overhaul services for the CFM56-7 engine thrust reversers on the Boeing Next-Generation 737 aircraft. The company was awarded a three year contract to perform overheat service bulletin inspections, as outlined in SB 1079, and modifications of the reversers' inner walls and insulation blankets, as well as correction of any heat-related issues. The company has also received Boeing Quality approval as a Maintenance, Repair and Overhaul supplier.
Richard C. Ill, Triumph's Chairman and Chief Executive Officer, said, "We are very pleased that Triumph Aviation Services Asia was chosen as an approved supplier to this maintenance program and recognize the potential opportunities this qualification brings for our Asian operation. We look forward to supporting Boeing and its customers on the CFM56-7 engine thrust reversers and other programs."
Triumph Aviation Services Asia, Ltd., located in Bangkok, Thailand, repairs and overhauls complex aircraft operational components, such as auxiliary power units, nacelles, constant speed drives, fan reversers and related accessories.
Triumph Group, Inc., headquartered in Wayne, 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. 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, 2010.
SOURCE: Triumph Group, Inc.
Triumph Group, Inc.