Systems for 747-8 Aft Cowl Components
LOS ANGELES, Apr 30, 2010 (BUSINESS WIRE) --Ducommun Incorporated (NYSE: DCO) today announced that its Ducommun AeroStructures, Inc. (DAS) subsidiary has won a contract to supply Middle River Aircraft Systems (MRAS), a unit of GE Aviation, with 747-8 thrust reverser aft cowl skins, pressure door frames and cowl straps for the plane's engines. The initial period of performance runs through 2013, with a long term structured contract to follow. Work on the 747-8 thrust reverser program will be performed by the DAS Parsons, Kansas facility, utilizing a wide variety of capabilities - from stretched skins to expanded five-axis machining. The Parsons facility is part of Ducommun's "Titanium Center of Excellence" and was chosen based on industry competitive pricing, superior quality, and the ability to rapidly deploy. The first ship set deliveries are scheduled for May of 2010.
Anthony J. Reardon, president and chief executive officer of Ducommun, stated, "We are excited by this new working relationship with Middle River Aircraft Systems, particularly on such an important Boeing platform. This contract reaffirms a growing awareness in the aerospace marketplace of Ducommun's ability to provide increasingly complex assemblies for its key customers, strengthening our partnerships on critical titanium applications such as these."
Ducommun AeroStructures manufactures large, complex structural components and assemblies in aluminum, specialty alloys such as titanium, metal bond and composites for a wide variety of military and commercial aerospace applications.
About Ducommun Incorporated
Founded in 1849, Ducommun Incorporated provides engineering and manufacturing services to the aerospace and defense industry. The company is a supplier of critical components and assemblies for commercial aircraft, military aircraft, and missile and space programs through its three business units: Ducommun AeroStructures (DAS), Ducommun Technologies (DTI), and Miltec. Additional information can be found at www.ducommun.com.
The statements made in this press release include forward-looking statements that involve risks and uncertainties.The Company's future financial results could differ materially from those anticipated due to the Company's dependence on conditions in the airline industry, the level of new commercial aircraft orders, production rates for Boeing commercial aircraft, the C-17 and Apache helicopter rotor blade programs, the level of defense spending, competitive pricing pressures, manufacturing inefficiencies, start-up costs and possible overruns on new contracts, technology and product development risks and uncertainties, product performance, risks associated with acquisitions and dispositions of businesses by the Company, increasing consolidation of customers and suppliers in the aerospace industry, possible goodwill impairment, and other factors beyond the Company's control.See the Company's Form 10-K for the year ended December 31, 2009 for a more detailed discussion of these and other risk factors and contingencies.
SOURCE: Ducommun Incorporated
Joseph P. Bellino
Vice President and Chief Financial Officer