Berwyn, PA – September 9, 2015 - Triumph Group, Inc. (NYSE: TGI) today announced that its subsidiary, Triumph Aviation Services Asia, Ltd., has signed a five year contract with Airbus S.A.S. to provide inspection, test, repair and modification of Airbus Proprietary Parts (APP) for the A320 and A330/340 programs. For the duration of the long term contract, the company will provide maintenance and repair services of rudders, elevators, wing sharklets, flaps, slats and other aircraft structures subcontracted by Airbus or received directly from Asia Pacific customers based on a collaborative marketing model.
Richard C. Ill, Triumph’s President and Chief Executive Officer, said, “This award is an important win for Triumph, strengthening our long term relationship with Airbus and building our presence in the structural component MRO market. We are excited about our partnership with Airbus and their growing presence in the Asia Pacific region and look forward to supporting this program for many years to come.”
“This new contract signed with Triumph Aviation Services Asia reflects our aim to develop our industrial partnerships in Thailand,” said Didier Lux, Airbus Head of Customer Services. “With a skilled talent pool, competitive environment and a centralized location in South East Asia, we believe that Thailand has great potential to develop its aerospace sector.”
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 Group 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 about the future development of markets, programs or business relationships. 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, 2015.
Airbus Material & Supply Chain Services and Satair are part of Satair Group, a 100% stand-alone company and Airbus subsidiary with $1.3 billion revenue, more than 1,000 employees worldwide and a vision to become the global market leader in the civil aircraft parts management business in 2017.