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TRIUMPH COMPLETES SALE OF PRODUCT SUPPORT BUSINESS TO AAR

Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") announced today that it has completed the sale of its Product Support business to AAR CORP. (NYSE: AIR).  The transaction is valued at $725 million, and the net after-tax proceeds are expected to be approximately $700 million, which will primarily be used for debt reduction. The Product Support business is an industry leader in the Maintenance, Repair and Overhaul (MRO) of structures and airframe and engine accessories, servicing both the commercial and military aftermarkets across five primary locations. "We are pleased to complete this transformative divestiture which delivers immediate and substantial value to TRIUMPH and our stakeholders. This transaction enables TRIUMPH to greatly accelerate our deleveraging progress while placing our third-party Product Support business with a market-leading MRO company that has a proven track record of customer support," said Dan Crowley, TRIUMPH's chairman, president, and chief

TRIUMPH AWARDED CONTRACT FROM MD HELICOPTERS ON MD500

Triumph Group, Inc., (TRIUMPH) [NYSE:TGI] today announced that its Geared Solutions business in Macomb, Michigan has been awarded a long term agreement from MD Helicopters to manufacturer and assemble main rotor gearbox transmissions for the MD500 platforms. TRIUMPH has supported MD Helicopters for over two decades, producing over 400 gearboxes for this program. With this contract extension, TRIUMPH will continue to supply helicopter transmissions and transmission spare parts for the MD500 program. "TRIUMPH Geared Solutions is pleased to be extending our long-standing relationship with MD Helicopters, supplying main rotor transmissions and spare transmission parts in support of their fleet of 1,700 MD500-series helicopters," said Pete Gibson, President of TRIUMPH Geared Solutions. "The growing demand for helicopter orders is evidence of the leadership and operational performance at MD Helicopters, and we are proud to be partner with them as they increase production rates up to 30 per

TRIUMPH ANNOUNCES OFFER TO PURCHASE A PORTION OF ITS 9.000% SENIOR SECURED FIRST LIEN NOTES DUE MARCH 14, 2028

Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") today announced that it has commenced an offer to purchase for cash (the "Asset Sale Offer") up to $580,000,000 of its outstanding 9.000% Senior Secured First Lien Notes due March 14, 2028 (the "Notes") with a portion of the net cash proceeds that it will receive from its previously announced sale of its product support business (the "Sale"). The Asset Sale Offer is being made pursuant to the indenture governing the Notes, dated as of March 14, 2023 (the "Indenture") and the Asset Sale Offer to Purchase, dated February 16, 2024, (the "Offer to Purchase") which more fully sets forth the terms and conditions of the Asset Sale Offer. The Asset Sale Offer will expire at 5:00 p.m., New York City time, on March 18, 2024 (the "Expiration Date"), unless extended or earlier terminated by the Company, with an early tender deadline of 5:00 p.m., New York City time, on March 4, 2024 (the "Early Tender Date"), unless extended or earlier

TRIUMPH REPORTS THIRD QUARTER FISCAL 2024 RESULTS

Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") today reported financial results for its third quarter of fiscal 2024, which ended December 31, 2023. Third Quarter Fiscal 2024 Results of Product Support business reported as Discontinued Operations Net sales of $285.0 million; Organic sales growth of 13% Operating income of $19.7 million with operating margin of 6.9%; adjusted operating income of $19.8 million with adjusted operating margin of 6.9% Net loss from continuing operations of ($11.9) million, or $(0.15) per share; adjusted net loss from continuing operations of ($12.9) million, or ($0.16) per share Adjusted EBITDAP of $27.7 million with Adjusted EBITDAP margin of 9.8% Adjusted EBITDAP for the remaining Systems and Support business of $39.4 million with an Adjusted EBITDAP margin of 16.4% Cash provided by operations of $27.6 million and free cash flow of $22.4 million Fiscal 2024 Guidance Updating net sales to a range of $1.17 billion to $1.20 billion, reflecting

TRIUMPH AWARDED FIVE YEAR CONTRACT FROM ASIA PACIFIC OPERATOR

Triumph Group, Inc., (TRIUMPH) [NYSE:TGI] today announced that its TRIUMPH Product Support business in Chonburi, Thailand (TASA) has been awarded a five-year contract from an Asia Pacific operator to provide maintenance, repair and overhaul (MRO) services. The award includes MRO services for CF6-80C2 nacelles over multiple Boeing fleets. TRIUMPH has extensive experience servicing CF6 nacelles and a large portfolio of cost-effective repairs to draw upon. "Expanding our footprint on the CF6-80C2 nacelles signifies the confidence operators continue to have in TRIUMPH," said Jim Berberet, President of TRIUMPH Product Support. "CF6-80C2 nacelles are a core product for us and we look forward to continuing to provide our customers with competitive pricing, reliable turn times and high-quality products and services." TRIUMPH Product Support (TPS), TRIUMPH's third-party Maintenance, Repair and Overhaul (MRO) business provides total life cycle solutions for commercial, regional and military

TRIUMPH WINS CONTRACT TO UPGRADE U.S. ARMY CHINOOK HELICOPTERS

Triumph Group, Inc. (TRIUMPH) [NYSE: TGI] announced today that its Systems, Electronics and Controls business in West Hartford, Connecticut has been awarded a five-year contract with the United States Army to provide an upgrade of the EMC32T Hydraulic Metering Assembly (HMA) fuel control on the T55 engines, supporting the CH-47 Chinook helicopter fleet.  From 2024 through 2028, TRIUMPH will overhaul over (100) EMC32T HMAs per year to the latest configuration. This is the first contract to upgrade the fleet to the newest configuration as part of the U.S. Army's Component Improvement Program (CIP). TRIUMPH is uniquely positioned to provide this service as the original designer and manufacturer of the fuel control system. "TRIUMPH is proud of our longstanding partnership with the U.S. Army and our ability to provide deep experience and expertise along with cost efficiency and increased reliability of the HMA," said Justin Wolfanger, President of TRIUMPH Systems, Electronics and Controls.

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