BERWYN, Pa.--(BUSINESS WIRE)--Oct. 25, 2016--
Triumph Group, Inc. (NYSE:TGI) announced the receipt of an
additional delivery order from Gulfstream for the production of wing and
wing components for the G650 program. The add-on work is valued at
approximately $300 million and extends through 2018. Triumph Group
assumed production of the G650 wing in January 2015 from Spirit
“We are pleased to continue to support the G650 program,” said MaryLou
Thomas, executive vice president for Triumph Aerospace Structures. “Our
history with Gulfstream dates back to the G-II, and they remain a valued
partner. Over the years we have expanded our engineering, design and
integration offerings in support of Gulfstream programs. Today the fully
integrated wing structures we deliver for the G650 program highlights
the breadth of capabilities we provide as an aerostructures supplier.”
As part of the original agreement, Triumph Group provides the fully
integrated engineering wing design and production for the G650 program.
The company also provides wing and wing components as well as other
aircraft components for the G450, G550, G500/600 and G280 programs.
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 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
contract value or aggregate 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, 2016.
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Source: Triumph Group, Inc.
Triumph Group, Inc.
Director – Communications
Vice President – Tax & Investor Relations