Triumph Group Kicks Off 25th Anniversary Year Celebration
July 16 2018 - 9:37AM
Business Wire
Triumph Group, Inc. (NYSE:TGI) (“Triumph” or the
“Company”) is proud to kick off its 25th anniversary year
celebration at the 2018 Farnborough Airshow. Since its founding on
July 22, 1993, Triumph has built a reputation as a trusted partner
to the world’s leading aerospace OEMs, with an expansive range of
capabilities and services for the aircraft, aerospace and defense
industries at any stage of the aircraft lifecycle.
“As we celebrate the 25th anniversary year of the Triumph Group,
we are reminded of the tremendous growth journey this Company has
taken since its founding in July 1993. Our continued focus on
program execution and improved efficiency is enabling Triumph to
reach our financial and operational goals,” said Dan Crowley,
Triumph Group’s President and Chief Executive Officer. “Looking
ahead to the next 25 years and beyond, we are taking decisive
actions to ensure we right-size the organization and capture the
benefits of our scale. Our team is working every day on behalf of
our customers, stockholders and community partners, and we look
forward to marking this silver anniversary by continuing to deliver
value for our stockholders, and by committing to the local
communities in which we live and work.”
Since its founding, Triumph has evolved from 13 small specialty
aerospace shops into a unified group of more than 45 companies
possessing a combined expertise in the design and manufacturing of
aircraft structures, components and systems, as well as in global
aftermarket service offerings. Triumph today is represented by
legacy companies that stem from Boeing, Goodrich, Northrop Grumman
and Vought to name a few. Triumph’s transformation includes
streamlining operating locations and increasing backlog to support
top-line growth across the business. Further, Triumph has grown
from approximately $60 million in aerospace revenue in its first
year of operations to more than $3.2 billion in revenue for the
most recent 2018 fiscal year.
The Company plans to celebrate its silver anniversary with
employees and their local communities by reaffirming its commitment
to volunteerism through Triumph’s Wings Community Outreach Program.
In connection with this initiative, Triumph employees will engage
with local communities by taking part in meaningful volunteer
projects that directly benefit local charities dedicated to serving
the needs of others. This year the company is committing to 25,000
hours of volunteerism.
The Company will also celebrate with its customers and suppliers
at airshows throughout the year.
Triumph Group, Inc., headquartered in Berwyn, Pennsylvania,
designs, engineers, manufactures, repairs and overhauls a broad
portfolio of aircraft structures, 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
www.triumphgroup.com
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version on businesswire.com: https://www.businesswire.com/news/home/20180716005404/en/
Triumph Group, Inc.Michele LongSenior Director –
Communications610-251-1000mmlong@triumphgroup.comorSheila G.
SpagnoloVice President – Tax & Investor
Relations610-251-1000sspagnolo@triumphgroup.com
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