WAYNE, Pa., Oct 26, 2005 (BUSINESS WIRE) -- Triumph Group, Inc. (NYSE:TGI) announced today that its
subsidiary, Triumph Structures-Los Angeles, Inc., has been awarded a
Full Rate Production contract by BAE Systems, Inc. to supply 495 M777
155mm Lightweight Howitzer Gun Body units. This award has an estimated
value of $53 million over the next four years.
The M777 155mm Lightweight Howitzer is a towed artillery weapon,
designed to provide fire support for light and medium U.S. Forces.
Triumph Structures-Los Angeles has been providing the gun body units
to BAE Systems under a Low Rate Initial Production ("LRIP") contract
of 94 guns.
Richard C. Ill, Triumph's President and Chief Executive Officer,
said, "We are very pleased that BAE Systems views Triumph as a
strategic supplier to this program and awarded us this contract as a
result of our strong performance during the LRIP phase of the project.
We look forward to supporting this program over the next four years."
Triumph Structures-Los Angeles, Inc., with locations in City of
Industry, Chatsworth and Walnut, California, manufactures long
structural components, such as stringers, cords, floor beams and spars
for the aviation industry. The company also machines, welds and
assembles large complex precision structural components.
Triumph Group, Inc., headquartered in Wayne, Pennsylvania,
designs, engineers, manufactures, repairs and overhauls aircraft
components and accessories. The company serves a broad, worldwide
spectrum of the aviation industry, including commercial and regional
airlines, air cargo carriers, as well as original equipment
manufacturers of commercial, regional, business and military aircraft
and aircraft components.
More information about Triumph can be found on the Internet at
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. 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's reports filed with the
SEC, including our Annual Report on Form 10-K for the year ended March
SOURCE: Triumph Group, Inc.
Triumph Group, Inc.
John Bartholdson, 610-251-1000