Triumph Group Selected to Provide Sharklet Wing Reinforcement Kit for Airbus
A319, A320 In-Service Aircraft
BERWYN, Pa. -- May 7, 2014
Triumph Group, Inc. (NYSE:TGI) today announced that its subsidiary, Triumph
Aerostructures-Vought Aircraft Division, has been selected by Airbus to
furnish the wing reinforcement kit that allows for the installation of
Sharklets on the Airbus A319 and A320 in-service aircraft. The kit consists of
multiple subassemblies and components that reinforce the wing for the Sharklet
loads. The multi-year contract is worth over $160.0 million. Production will
be done at the company’s Nashville, Tennessee facility, with first delivery
expected early 2015.
Jeffry D. Frisby, Triumph’s President and Chief Executive Officer, said, “This
is a significant win for Triumph, strengthening our long-term relationship
with Airbus. With more than three thousand A319 and A320 in-service aircraft
eligible for the retrofit and strong operator demand, the outlook for the
program is solid. We look forward to working with Airbus and the operators in
supporting this retrofit program.”
Triumph Aerostructures-Vought Aircraft Division designs, tests and
manufactures aerostructures for commercial, military and business jet
aircraft. Products include fuselage sections, wings, empennages, nacelle
structures and helicopter cabins.
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
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, without limitation, statements about expectations of
future revenues. 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,
Triumph Group, Inc.
Sheila G. Spagnolo
Vice President, Tax & Investor Relations
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