Triumph Group Announces Milestone Delivery on Embraer E-Jet E2 Program
By Business Wire News
By Business Wire News
Triumph Group, Inc. (NYSE: TGI) today announced that its subsidiary, Triumph Aerostructures-Vought Aircraft Division, delivered its first fully joined Embraer E2 CFIII/AFT fuselage to Embraer from its Red Oak, Texas facility. The company entered into a contract with Embraer in 2013 to design and build the E2 CFIII/AFT fuselage shipsets for the life of the program.
Daniel J. Crowley, Triumph’s President and Chief Executive Officer, said, “We achieved a critical milestone with the on-time delivery of Triumph’s first shipment of the fully joined fuselage in support of Embraer’s E2 program. Our Triumph team is proud to be participating on the next generation of Embraer’s E-Jet class of passenger jets and remains focused on delivering a quality product to meet our customer’s expectations and to ensure the success of this Embraer program.”
The contract is worth approximately $1.7 billion in revenue over its lifetime and the program is expected to enter service in 2018.
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 of expected program 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, 2015.
Triumph Group, Inc.
Sheila G. Spagnolo
Vice President – Tax & Investor Relations
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