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.
Sheila G. Spagnolo, Vice President, 610-251-1000