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Triumph Group Awarded Long Term Agreement to Provide Landing Gear Actuation Systems to Airbus S.A.S.

BERWYN, Pa.--(BUSINESS WIRE)--Mar. 29, 2016-- Triumph Group, Inc. (NYSE: TGI) today announced that its subsidiary, Triumph Actuation Systems-UK & IOM, has entered into a long term agreement with Airbus S.A.S. to continue manufacturing its landing gear actuation systems including actuators, valves and uplocks for the A320ceo and A320neo programs. Production of the actuation systems will be performed at Triumph’s facility in Deeside, Flintshire, with the aftermarket support being provided from the Staverton, Gloucestershire facility. The contract is worth approximately $500 million over the life of the contract.

Daniel J. Crowley, Triumph’s President and Chief Executive Officer, said, “This long term agreement represents an exciting new chapter in our strategic partnership with Airbus and reflects the value customers place on our experience, expertise and ability to provide higher-value added solutions. Our agreement with Airbus demonstrates our shared commitment to performance and service excellence. We are intently focused on delivering on our customer commitments, driving organic growth and generating predictable profitability.”

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.

Source: Triumph Group, Inc.

Triumph Group, Inc.
Sheila G. Spagnolo
Vice President – Tax & Investor Relations
610-251-1000
sspagnolo@triumphgroup.com