WAYNE, Pa.--(BUSINESS WIRE)--Nov. 21, 2002--Triumph Group, Inc.
(NYSE:TGI) announced today that Ralee Engineering Company, a Triumph
Group company based in City of Industry, CA has been awarded, by
Airbus UK Limited, a contract for the manufacture and supply of the
wing top skin stringers for the A380 aircraft.
The award includes 124 individual stringers per aircraft set and
is for the "life of program."
Richard C. Ill, President and Chief Executive Officer of Triumph
Group, Inc. said, "We are delighted to partner with Airbus and view
the award to supply this A380 aircraft requirement as evidence of our
ability to be competitive on a global basis. The addition of this
program further enhances our position on the A380 program."
Ralee Engineering, located approximately twenty miles east of Los
Angeles, California, operates three facilities comprised of over two
hundred thousand square feet under roof with thirteen multi-spindle
high speed Cincinnati Milacron gantry's with length capabilities over
Ralee's primary product line consists of stringers, spars,
longerons, beams, planks, webs, and ribs in both detail and
sub-assembly fabrication. Ralee Engineering is a leader in
manufacturing "large" precision structural aerospace and airframe
components with state-of-the-art equipment, tooling, machine
techniques, material handling and continuous improvement tools.
Triumph Group, Inc. headquartered in Wayne, Pennsylvania, designs,
engineers, manufactures, repairs and overhauls aircraft components 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, as
well as original equipment manufacturers of aircraft and aircraft
components and power generation equipment. The Company also
distributes, processes and fabricates metal products.
More information about Triumph can be found on the World Wide Web
Site at http://www.triumphgroup.com.
Statements, which are not historical facts, are forward-looking
statements under the provision of the Private Securities Litigation
Reform Act of 1995. All forward-looking statements involve risks and
uncertainties. 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, 2002.
||Triumph Group, Inc.
||John Bartholdson, 610/975-0420