Engine Start Switch
LOS ANGELES, Jun 15, 2010 (BUSINESS WIRE) --Ducommun Incorporated (NYSE:DCO) today announced that its Ducommun Technologies, Inc. (DTI) subsidiary, a current supplier of lighted pushbutton switches, time delay relays, and TCAS switches to The Boeing Company (NYSE: BA), has been awarded a contract to deliver the Next-Generation 737 engine start switches. These rotary switches, currently being designed and qualified by DTI's Human Machine Interface product group, will support all models in production as well as classic platforms, beginning in 2011. The goal of the next generation design is to provide a cost effective, highly reliable replacement switch for customers of Boeing's flagship 737 Classic as well as the Next-Generation 737.
Anthony J. Reardon, president and chief executive officer of Ducommun, stated, "This award demonstrates Ducommun's continuing commitment to support Boeing and its customers with the highest quality, best performing products on the market. DTI has been providing electro-mechanical illuminated switches and relays to the aerospace industry for over 50 years, and this design represents the natural extension of our product portfolio across rotary switches."
Ducommun Technologies designs, engineers, manufactures and integrates complex mechanical and electromechanical subsystems, as well as a variety of components such as illuminated push button switches, high-reliability microwave and RF signal processing components, fractional horsepower motors and resolvers for the defense, electronics and commercial aviation industries.
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