WAYNE, Pa., Oct 18, 2001 (BUSINESS WIRE) -- Triumph Group, Inc. (NYSE:TGI)
announced today the appointment of A. Biederman, a Triumph Group company based
in Glendale, CA, as an authorized repair center for Horizon products.
In addition, A. Biederman will serve as a stocking distributor for Horizon spare
parts. Horizon Aerospace LLC designs and manufactures standby engine
instruments, engine monitoring systems, and electronic and electromechanical
components (assets formerly owned by Lewis Engineering).
Richard C. Ill, President and Chief Executive Officer of Triumph Group, Inc.
said, "We are extremely pleased with this appointment as it affords A. Biederman
an opportunity to expand its business both through its ability to provide both
warranty and out of warranty repair services, as well as through its service as
a stocking distributor for Horizon spare parts."
A. Biederman specializes in the repair and overhaul of aircraft instruments for
major commercial air transports, freight carriers, regional airlines, corporate
business aircraft, and helicopters. In addition to the overhaul and repair
operation, A. Biederman also serves as an authorized stocking distributor for
aircraft instruments and components.
In addition to the aerospace products, A. Biederman distributes a complete line
of industrial instruments, controls, and valves. A. Biederman is a part of
Triumph Group, Inc.'s Aftermarket Services Group.
Triumph Group, Inc. headquartered in Wayne, PA, designs, engineers,
manufactures, repairs and overhauls aircraft 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, and the ground power
generation industry as well as original equipment manufacturers of aircraft and
aircraft components and industrial gas turbine engines. The Company also
distributes, processes and fabricates metal products.
More information about Triumph can be found on the World Wide Web at
Statements which are not historical facts, contained in this release, including
statements relating to any benefits of this appointment, 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
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, 2001.
CONTACT: Triumph Group, Inc., Wayne
JoAnn P. Huston, 610/293-6823 Ext.104
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