WAYNE, Pa.--(BUSINESS WIRE)--Oct. 11, 2006--Triumph Group, Inc.
(NYSE:TGI) announced today that its subsidiary, Triumph Composite
Systems, Inc., located in Spokane, Washington, has been awarded a
contract by The Boeing Company to provide the composite floor panel
system for the Boeing 787 Dreamliner program. This initial award has
an estimated value of $49 million.
Richard C. Ill, Triumph's President and Chief Executive Officer,
said, "This award by Boeing once again demonstrates Triumph's
commitment to delivering product excellence. We are excited by the
significant amount of content that we now have on the 787 aircraft and
are committed to providing high value solutions to this program."
In addition to the 787 Floor Panel System, Triumph has recently
been selected by Saab Aerostructures to provide the 787 large cargo
door actuation system and by Vought Aircraft Industries to supply
integrated kits which include composite ducting, machined metal parts
and fittings, hydraulic tubing, insulation and other components.
Triumph has also been awarded contracts by Spirit Aerosystems for
nacelle side skins and mounts, window assemblies and ducting and by
Messier Bugati for brake assemblies.
Mr. Ill continued, "With the addition of this contract to our
growing participation in the 787 program, the Boeing Dreamliner will
become the highest value commercial aircraft program in Triumph's
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 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 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, including estimates of
contract value and expectations regarding any aircraft program. 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 31, 2006.
CONTACT: Triumph Group, Inc.
John Bartholdson, 610-251-1000
Senior Vice President,
Chief Financial Officer
SOURCE: Triumph Group, Inc.