BERWYN, Pa.--(BUSINESS WIRE)--Sep. 9, 2015--
Triumph Group, Inc. (NYSE: TGI) today announced that its
subsidiary, Triumph Aviation Services Asia, Ltd., has signed a five year
contract with Airbus S.A.S. to provide inspection, test, repair and
modification of Airbus Proprietary Parts (APP) for the A320 and A330/340
programs. For the duration of the long term contract, the company will
provide maintenance and repair services of rudders, elevators, wing
sharklets, flaps, slats and other aircraft structures subcontracted by
Airbus or received directly from Asia Pacific customers based on a
collaborative marketing model.
Richard C. Ill, Triumph’s President and Chief Executive Officer, said,
“This award is an important win for Triumph, strengthening our long term
relationship with Airbus and building our presence in the structural
component MRO market. We are excited about our partnership with Airbus
and their growing presence in the Asia Pacific region and look forward
to supporting this program for many years to come.”
“This new contract signed with Triumph Aviation Services Asia reflects
our aim to develop our industrial partnerships in Thailand,” said Didier
Lux, Airbus Head of Customer Services. “With a skilled talent pool,
competitive environment and a centralized location in South East Asia,
we believe that Thailand has great potential to develop its aerospace
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 Group 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 statements about the
future development of markets, programs or business relationships. 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, 2015.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150909006530/en/
Source: Triumph Group, Inc.
Triumph Group, Inc.
Sheila G. Spagnolo
Vice President – Tax &