BERWYN, Pa.--(BUSINESS WIRE)--Jan. 15, 2016--
Triumph Group, Inc. (NYSE: TGI) today announced that its
subsidiary, Triumph Aerostructures-Vought Aircraft Division, delivered
its first fully joined Embraer E2 CFIII/AFT fuselage to Embraer from its
Red Oak, Texas facility. The company entered into a contract with
Embraer in 2013 to design and build the E2 CFIII/AFT fuselage shipsets
for the life of the program.
Daniel J. Crowley, Triumph’s President and Chief Executive Officer,
said, “We achieved a critical milestone with the on-time delivery of
Triumph’s first shipment of the fully joined fuselage in support of
Embraer’s E2 program. Our Triumph team is proud to be participating on
the next generation of Embraer’s E-Jet class of passenger jets and
remains focused on delivering a quality product to meet our customer’s
expectations and to ensure the success of this Embraer program.”
The contract is worth approximately $1.7 billion in revenue over its
lifetime and the program is expected to enter service in 2018.
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 of
expected program revenue. 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.
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Source: Triumph Group, Inc.
Triumph Group, Inc.
Sheila G. Spagnolo
Vice President – Tax &