Triumph Group Selected to Develop Key Hardware on New Sikorsky CH-53K Aircraft

Mon Oct 26, 2009 11:14am EDT
 
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WAYNE, Pa.--(Business Wire)--
Triumph Group, Inc. (NYSE: TGI) today announced that its Seattle-based
engineering group has been awarded a series of contracts by Sikorsky Aircraft
Corp. to develop systems and critical components for the CH-53K helicopter that
Sikorsky is developing for the U.S. Marine Corps. The CH-53K is being designed
to provide the U.S. Marines with enhanced heavy-lift capability. The scope of
the agreements includes the development of the Blade Fold System, the Blade
Damper and the Rotor Brake Module. The development contract is expected to be
completed in 2012 and will initially involve several Triumph Group companies.
Sikorsky Aircraft is a subsidiary of United Technologies Corp. (NYSE: UTX). 

Richard C. Ill, Triumph`s Chairman and Chief Executive Officer, said, "We are
very pleased that Sikorsky Aircraft chose Triumph to assist in the development
of this important aircraft. We believe Triumph`s experience in providing state
of the art, innovative and practical systems solutions enabled us to win this
important business. We view this award as a significant milestone in our
excellent relationship with Sikorsky and look forward to supporting this program
and our Marines." 

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
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. 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 fiscal year ended March 31, 2009.

Triumph Group, Inc.
Sheila Spagnolo, Vice President
610-251-1000
sspagnolo@triumphgroup.com

Copyright Business Wire 2009

 

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