1021162--5/22/2009--TRIUMPH_GROUP_INC_/

related topics
{acquisition, growth, future}
{customer, product, revenue}
{cost, regulation, environmental}
{product, market, service}
{regulation, government, change}
{personnel, key, retain}
{operation, international, foreign}
{property, intellectual, protect}
{product, liability, claim}
{condition, economic, financial}
{competitive, industry, competition}
{cost, contract, operation}
Factors that have an adverse impact on the aerospace industry may adversely affect our results of operations and liquidity. Cancellations, reductions or delays in customer orders may adversely affect our results of operations. Our acquisition strategy exposes us to risks, including the risk that we may not be able to successfully integrate acquired businesses. A significant decline in business with a key customer could have a material adverse effect on us. Demand for our military and defense products is dependent upon government spending. Our expansion into international markets may increase credit, currency and other risks. We may need additional financing for acquisitions and capital expenditures and additional financing may not be available on terms acceptable to us. Competitive pressures may adversely affect us. We may need to expend significant capital to keep pace with technological developments in our industry. We may incur significant expenses to comply with new or more stringent governmental regulation. Some contractual arrangements with our customers may cause us to bear significant up-front costs that we may not be able to recover. We may not realize our anticipated return on capital commitments made to expand our capabilities. Any product liability claims in excess of insurance may adversely affect our financial condition. The lack of available skilled personnel may have an adverse effect on our operations. Any exposure to environmental liabilities may adversely affect us. We are currently involved in intellectual property litigation, which could have a material and adverse impact on our profitability, and we could become so involved again in the future.

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