SANAD AND TRIUMPH FORGE AVIATION MAINTENANCE ALLIANCE

<br /> SANAD AND TRIUMPH FORGE AVIATION MAINTENANCE ALLIANCE<br />

PR Newswire

Agreement will see

TRIUMPH

perform engine accessory Maintenance Repair and Overhaul (MRO) services at its

Texas

facility on V2500 engines serviced by Sanad in

Abu Dhabi
Parties intend to jointly establish a dedicated ”

Centre

of Excellence” in

Abu Dhabi

PITTSBURGH

,

Sept. 30, 2022

/PRNewswire/ — Triumph Group, Inc. (NYSE: TGI) (”

TRIUMPH

” or the “Company”)

Sanad, a global industrial services leader with over 30 years’ experience in the aerospace sector, wholly owned by

Abu Dhabi’s

Mubadala Investment Company PJSC (Mubadala), has entered into an exclusive framework agreement with

TRIUMPH

Product Support –

Grand Prairie

, a leading provider of third party engine accessory maintenance, repair and overhaul (MRO) services, wholly owned by Triumph Group, Inc. (

TRIUMPH

) [NYSE: TGI], to perform engine accessory MRO services on V2500 engines serviced by Sanad.

This partnership emphasizes both entities’ intent to develop a long-term collaboration and work together to establish the

Middle East

region’s first engine accessory repair and overhaul centre of excellence in

Abu Dhabi

by 2024.

H.E.

Omar Al Suwaidi

, Undersecretary of the UAE Ministry of Industry and Advanced Technology said: “The partnership between Sanad and Triumph Group reflects the potential of cross-border collaboration to drive technology transformation, In-country value, and industrial growth, which is in line with the UAE’s ‘Make It In the Emirates’ campaign. It builds on the strong and historic bilateral relationships between the UAE and US.”

Upon completion, the

Abu Dhabi

centre aims to provide MRO solutions for V2500, T700, GEnx as well as LEAP engine accessory repairs and overhauls, offering comprehensive

Abu Dhabi

-based MRO solutions for multiple engine types used by aerospace and aviation industry operators across the

Middle East

,

Africa

,

Turkey

, and

India

.

The agreement was signed at the Global Manufacturing & Industrialisation Summit (GMIS) America, which is currently underway in

Pittsburgh, Pennsylvania

.

“By leveraging a phased approach, this strategic partnership aims to foster a long-term collaboration that will significantly expand Sanad’s capabilities beyond engine overhauls and bring us closer to providing best-in-class ‘nose to tail’ integrated engine MRO services from

Abu Dhabi

to the wider

Middle East

,

Africa

,

Turkey

, and

India

regions,” said Mansoor Janahi, CEO of Sanad.

“The agreement delivers a major uplift in the enhancement of the UAE capital’s positioning as a global leader for aviation MRO excellence and is a further stride forward in providing upskilling opportunities for local talent, knowledge transfer, and the deployment of cutting-edge technologies in

Abu Dhabi

. We will now collaborate with

TRIUMPH

on the sharing of best practices and the design of new critical MRO service solutions for multiple engine types for our existing and potential customers,” added Janahi.

“We are excited to further our relationship with Sanad as we work to jointly serve a region that is home to some of the most ambitious and rapidly expanding carriers, and to satisfy growing demand for support for next generation engine solutions,” said Daniel J. Crowley, Chairman, President & Chief Executive Officer of

TRIUMPH

.

About Sanad:

A wholly owned subsidiary of Mubadala Investment Company and a global aerospace engineering and leasing solutions leader, Sanad builds on more than three decades of industrial experience. With its name derived from the Arabic word for support, Sanad supports its customers where and when it matters most. Through engineering and leasing excellence, Sanad is underpinned by industry-leading reliability, innovation, and technology. As a leading integrated industrial service provider, Sanad is well positioned to maintain aircraft engines to the highest standards using the latest Fourth Industrial Revolution technologies and provide lease finance solutions that create value and flexibility for its customers and partners. Headquartered in

Abu Dhabi

with offices in Abu Dhabi and

Zurich

, Sanad has a global customer base working closely with major OEMs and industry leading airlines.

For more information, please visit

www.sanad.ae

About

TRIUMPH

:

TRIUMPH

, headquartered in

Berwyn, Pennsylvania

, designs, engineers, manufactures, repairs, and overhauls a broad portfolio of aerospace and defense systems and components. With locations across the globe,

TRIUMPH

serves the global aviation industry, including original equipment manufacturers and the full spectrum of military and commercial aircraft operators.

More information about

TRIUMPH

can be found on the company’s website at

www.triumphgroup.com

.