TGI Triumph Dashboard

Risks

• Factors that have an adverse impact on the aerospace industry may adversely affect our results of operations and liquidity.
• The effects of the COVID-19 pandemic and other potential future public health crises, epidemics, pandemics or similar events on our business, operating results and cash flows are uncertain.
• Changes in levels of U.S. Government defense spending or overall acquisition priorities could negatively impact our financial position and results of operations.
• The profitability of certain development and production programs depends significantly on the assumptions surrounding satisfactory settlement of claims and assertions.
• We incur risk associated with new programs with new technologies.
• Cancellations, reductions or delays in customer orders, or new orders under existing forward loss contracts, may adversely affect our results of operations.
• A significant decline in business with a key customer could have a material adverse effect on 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 not be successful in achieving expected operating efficiencies and sustaining or improving operating expense reductions, and may experience business disruptions associated with restructuring, facility consolidations, realignment, cost reduction and other strategic initiatives.
• We do not own certain intellectual property and tooling that is important to our business.
• Our business could be negatively affected by cyber or other security threats or other disruptions.
• Any significant disruption from key suppliers of raw materials and key components could delay production and decrease revenue.
• Significant consolidation by aerospace industry suppliers could adversely affect our business.
• Our business could be materially adversely affected by product warranty obligations.
• 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.
• Due to the size and long-term nature of many of our contracts, we are required by GAAP to estimate sales and expenses relating to these contracts in our financial statements, which may cause actual results to differ materially from those estimated under different assumptions or conditions.
• Our operations depend on our manufacturing facilities, which are subject to physical and other risks that could disrupt production.
• We may be subject to work stoppages at our facilities or those of our principal customers and suppliers, which could seriously impact the profitability of our business.
• Our substantial debt could adversely affect our financial condition and our ability to operate and grow our business. The terms of our indentures governing our Senior Notes impose significant operating and financial restrictions on us and our subsidiaries, which could also adversely affect our operating flexibility and put us at a competitive disadvantage by preventing us from capitalizing on business opportunities and additional financing may not be available on terms acceptable to us.
• Volatility in the financial markets may impede our ability to successfully access capital markets and ensure adequate liquidity and may adversely affect our customers and suppliers.
• Our expansion into international markets may increase credit, currency and other risks, and our current operations in international markets expose us to such risks.
• Our international sales and operations are subject to applicable laws relating to trade, export controls and foreign corrupt practices, the violation of which could adversely affect our operations.
• The construction of aircraft is heavily regulated, and failure to comply with applicable laws could reduce our sales or require us to incur additional costs to achieve compliance, and we may incur significant expenses to comply with new or more stringent governmental regulation.
• Any exposure to environmental liabilities may adversely affect us.
• We could become involved in intellectual property litigation, which could have a material and adverse impact on our profitability.
• Our reputation; our ability to do business; and our financial position, results of operations, and/or cash flows may be impacted by the improper conduct of employees, agents, subcontractors, suppliers, business partners or joint ventures in which we participate.
• The U.S. Government is a significant customer of our largest customers, and we and they are subject to specific U.S. Government contracting rules and regulations.
• We are subject to the requirements of the National Industrial Security Program Operating Manual for facility security clearance, which is a prerequisite for our ability to perform on classified contracts for the U.S. Government.
• Regulations related to conflict minerals have and will continue to force us to incur additional expenses, may make our supply chain more complex and could adversely impact our business.
• Our business is subject to regulation in the United States and internationally.