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|Triumph Group Clarifies Revenue Projection for Boeing Spokane Acquisition|
WAYNE, Pa.--(BUSINESS WIRE)--Nov. 26, 2002--Triumph Group, Inc. (NYSE:TGI) today announced that it was clarifying its announcement yesterday of the signing of an agreement to acquire the Boeing Company's Spokane fabrication operation located in Spokane, Washington.
Triumph said that the $60 million in revenue projected for the acquired business pertains to Triumph's fiscal year 2004 ending March 31, 2004 and not its fiscal year 2003, as stated in yesterday's release.
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, including statements regarding revenues anticipated in fiscal year 2004, contained in this release are forward-looking statements under the provision of the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve risks and uncertainties including statements regarding the outlook for continued opportunities for future growth.
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.