BERWYN, Pa.--(BUSINESS WIRE)--Jun. 7, 2013--
Triumph Group, Inc. (NYSE:TGI) today announced that its
subsidiary, Triumph Aerostructures-Vought Aircraft Division, has been
selected to design and build the center fuselage section III, rear
fuselage section and various tail section components (rudder and
elevator) for Embraer’s second-generation E-Jet family. The contract is
worth approximately $1.7 billion over its lifetime. The company’s
investment in the program, including capital and design activities, will
be approximately $130 million which will be spread over the next four
years. Planned to enter service in 2018, the program is expected to
launch later this year. Spending in FY 2014 will be approximately $25
Jeffry D. Frisby, Triumph’s President and Chief Executive Officer, said,
“This is a significant win for Triumph and expands our presence in the
jet market. We have been working diligently on developing our
relationship with Embraer and are extremely pleased to have been
selected to build major structural components for their next-generation
of jets. We look forward to supporting this program.”
Triumph Aerostructures-Vought Aircraft Division designs, tests and
manufactures aerostructures for commercial, military and business jet
aircraft. Products include fuselage sections, wings, empennages, nacelle
structures and helicopter cabins.
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, including, without limitation,
statements about expectations of future revenues and program
investments. 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
Group’s reports filed with the SEC, including our Annual Report on Form
10-K for the fiscal year ended March 31, 2013.
Source: Triumph Group, Inc.
Triumph Group, Inc.
Sheila G. Spagnolo