Pressure Warning System Upgrade
LOS ANGELES, Apr 06, 2010 (BUSINESS WIRE) --Ducommun Incorporated (NYSE:DCO) today announced that its Ducommun Technologies, Inc. (DTI) subsidiary, a long-time supplier of F/A-18 cockpit display products, has received the second installment of a multi-phased contract from The Boeing Company. The contract is for the retrofit of the Caution Light Panels (CLPs) on the F/A-18 fighter aircraft, as part of the U.S. Navy Caution Panel Warning System (CPWS) Upgrade Initiative.
The goal of the fleet upgrade is to enhance ambient pressure early warning systems affecting the safety of F/A-18 crew. Deliveries on the initial order supporting current F/A-18 production as well as the upgrade of more than 300 aircraft were completed in July 2009. The new follow-on order supports upgrades for additional F/A-18 aircraft with deliveries scheduled through December 2010.
Anthony J. Reardon, president and chief executive officer of Ducommun, stated, "Ducommun is a significant supplier to the F/A-18 program from cockpit displays to the APG-79 radar rack. We continue to seek opportunities to broaden our scope of work, particularly with design engineered products such as the Caution Light Panels. In this way, we intend to grow our statement of work on important programs and become more valuable to our key customers."
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-17and 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