View printer-friendly versionLOS ANGELES, Oct 05, 2010 (BUSINESS WIRE) --
Ducommun Incorporated (NYSE: DCO) today announced that its Ducommun AeroStructures, Inc. (DAS) subsidiary has been awarded a contract to manufacture the inlet lipskins for the fifth generation F-35 Lightning II Joint Strike Fighter (JSF) program for Northrop Grumman Corporation (NYSE: NOC). This contract covers low rate initial production (LRIP) lasting through 2015, and is valued at over $3 million. The initial deliveries are scheduled for the second quarter of 2011, and all work will be performed at the DAS Gardena and El Mirage (California) facilities.
Anthony J Reardon, president and chief executive officer, stated, "Ducommun is pleased to broaden its scope of work on the F-35 Lightning II JSF program. We appreciate the opportunity to contribute a best value solution to the goal of making this jet the most affordable, supportable and survivable fighter ever used by pilots across the globe. In so doing, it strengthens our long-term relationship with Northrop Grumman as well as the U.S. military."
Lockheed Martin is developing the F-35 with its principal industrial partners, Northrop Grumman and BAE Systems.
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
Ducommun Incorporated
Joseph P. Bellino
Vice President and Chief Financial Officer
310-513-7211
or
Chris Witty
Investor Relations
646-438-9385 / cwitty@darrowir.com