Aug 1, 2018

BERWYN, Pa.--(BUSINESS WIRE)--Jul. 31, 2018-- Triumph Group, Inc.(NYSE: TGI) announced today that it has signed a letter of intent for future collaboration with Quickstep Holdings Limited (ASX:QHL), Australia’s leading independent manufacturer of advanced carbon fiber composite components.

Triumph’s Aerospace Structures business unit and Quickstep will work closely together to actively explore and cooperate in pursuing new business opportunities, bringing together their combined capabilities to offer enhanced and highly sought-after composites solutions to customers in the U.S. and Australian aerospace and defense markets.

“Working together with Quickstep, we expect to gain access to new opportunities and create market leading discriminators that will set us apart from our competitors,” said Ian Reason, Triumph Group’s Vice President for Business Development – Military. “Composites is a growth market in which Triumph is already a well-respected supplier, heavily relied upon by both commercial and military OEMs. This collaboration will generate significant value for both companies and our customers in both the U.S. and Australia.”

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