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|Triumph Group, Inc. Selected to Provide Airbus A380 Top Skin Stringers|
WAYNE, Pa.--(BUSINESS WIRE)--Nov. 21, 2002--Triumph Group, Inc. (NYSE:TGI) announced today that Ralee Engineering Company, a Triumph Group company based in City of Industry, CA has been awarded, by Airbus UK Limited, a contract for the manufacture and supply of the wing top skin stringers for the A380 aircraft.
The award includes 124 individual stringers per aircraft set and is for the "life of program."
Richard C. Ill, President and Chief Executive Officer of Triumph Group, Inc. said, "We are delighted to partner with Airbus and view the award to supply this A380 aircraft requirement as evidence of our ability to be competitive on a global basis. The addition of this program further enhances our position on the A380 program."
Ralee Engineering, located approximately twenty miles east of Los Angeles, California, operates three facilities comprised of over two hundred thousand square feet under roof with thirteen multi-spindle high speed Cincinnati Milacron gantry's with length capabilities over 100 feet.
Ralee's primary product line consists of stringers, spars, longerons, beams, planks, webs, and ribs in both detail and sub-assembly fabrication. Ralee Engineering is a leader in manufacturing "large" precision structural aerospace and airframe components with state-of-the-art equipment, tooling, machine techniques, material handling and continuous improvement tools.
Triumph Group, Inc. headquartered in Wayne, Pennsylvania, designs, engineers, manufactures, repairs and overhauls aircraft components and industrial gas turbine components and accessories.
The Company serves a broad, worldwide spectrum of the aviation industry, including commercial airlines and air cargo carriers, as well as original equipment manufacturers of aircraft and aircraft components and power generation equipment. The Company also distributes, processes and fabricates metal products.
More information about Triumph can be found on the World Wide Web Site at http://www.triumphgroup.com.
Statements, which are not historical facts, are forward-looking statements under the provision of the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve risks and uncertainties. The company wishes to caution readers that several important factors 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 Form 10-K for the year ended March 31, 2002.