Triumph Group Inc was incorporated in 1993 in Delaware. It is designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aerostructures, aircraft components, accessories, subassemblies and systems. It serves the aviation industry, including original equipment manufacturers, or OEMs, of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers. It offers its products and services to the aerospace industry through three operating segments, namely Triumph Aerostructures Group, Triumph Aerospace Systems Group, and Triumph Aftermarket Services Group. The Triumph Aerostructures Group segment designs, manufactures, assembles and integrates metallic and composite aerostructures and structural components for the global aerospace OEM market. The Triumph Aerospace Systems Group segment designs, engineers and manufactures proprietary and build-to-print components, assemblies and systems also for the OEM market. The Triumph Aftermarket Services Group segment serves aircraft fleets, notably commercial airlines, the U.S. military and cargo carriers, through the maintenance, repair and overhaul of aircraft components and accessories manufactured by third parties. The Company purchases raw materials, primarily consisting of extrusions, forgings, castings, aluminum and titanium sheets and shapes and stainless steel alloys, from various vendors. It also purchases replacement parts, which are utilized in various repair and overhaul operations. The Company competes primarily with Tier 1 and Tier 2 aerostructures manufacturers, systems integrators and the manufacturers that supply them, some of which are divisions or subsidiaries of other large companies, in the manufacture of aircraft structures, systems components and subassemblies. It is highly regulated in the United States by the FAA and in other countries by similar agencies.