LOS ANGELES, May 11, 2010 (BUSINESS WIRE) --Ducommun Incorporated (NYSE:DCO) today announced that its Ducommun AeroStructures (DAS) subsidiary has been awarded a five year contract extension with the Latecoere Group to supply fuselage and door skins for the Embraer ERJ 170/190 regional jet platform. Ducommun has been supplying fuselage skins to Latecoere since the inception of the ERJ 170 program; this new contract, valued at more than $16 million, runs through 2015.
Anthony J. Reardon, president and chief executive officer of Ducommun, stated, "We are very pleased to continue, on a long-term basis, our involvement with the Embraer ERJ 170/190 by providing fuselage and door skins for this important regional aircraft. We have worked closely with the Latecoere Group to satisfy Embraer's needs in terms of quality, delivery and price, highlighting our large panel stretch-forming capabilities, and we look forward to strengthening our supplier relationship via this and other complex subassemblies going forward."
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