TRIUMPH GROUP PROVIDES COVID-19 UPDATE; ANNOUNCES $75M IN COST REDUCTIONS

BERWYN, Pa. – March 18, 2020 – Triumph Group, Inc. (NYSE: TGI) (“Triumph” or the “Company”) today provided an update on its assessment of the impacts of the coronavirus (COVID-19). While the safety and well-being of its employees and the community it serves remain top priorities for the company, the Company announced certain cost reduction initiatives to align capacity with expected demand and meet our commitments to all stakeholders.