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Triumph Group Selected to Provide Wing Structural Components and Nose Wheel Steering System for Gulfstream 500/600

BERWYN, Pa.--(BUSINESS WIRE)--Oct. 29, 2014-- Triumph Group, Inc. (NYSE:TGI) today announced that its subsidiary, Triumph Aerostructures - Vought Aircraft Division, has been selected by Gulfstream Aerospace Corp. to build wing structural components for the G500/600 business jet. The contract is worth approximately $250.0 million. Production of the structural components will be performed at the company’s facilities in Nashville, Tennessee and Los Angeles, California.

In addition to the wing structural components, Triumph Actuation Systems - Connecticut has also been selected by UTC Aerospace Systems to design and build the G500/600 nose wheel steering system. The contract is worth approximately $80.0 million with the design and build being performed at the company’s facilities in Bloomfield and East Lyme, Connecticut.

Jeffry D. Frisby, Triumph’s President and Chief Executive Officer, said, “These awards are important wins for Triumph, strengthening our long-term relationships with Gulfstream and UTC Aerospace Systems and building our presence in the business jet market. We are excited by our participation on Gulfstream’s new family of business jets and look forward to supporting this program for many years to come.”

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. 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, including statements of expected revenues. 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, 2014.

Source: Triumph Group, Inc.

Triumph Group, Inc.
Sheila G. Spagnolo
Vice President-Tax & Investor Relations
610-251-1000
sspagnolo@triumphgroup.com

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