LOS ANGELES--(BUSINESS WIRE)--Dec. 13, 2011--
Ducommun Incorporated (NYSE: DCO) today announced that it has received
contracts totaling approximately $14 million from Bell Helicopter, a
unit of Textron, Inc. (NYSE: TXT). The Ducommun LaBarge Technologies
business unit (DLT), a provider of electronics manufacturing services
(EMS), will produce electronic assemblies and wiring harnesses for the
V-22 Osprey military aircraft. DLT has supported the V-22 program since
2005.
“The Bell-Boeing V-22 Osprey combines the speed of a plane and the
hovering ability of a helicopter; it is a true multi-task aircraft,”
said Anthony J. Reardon, president and chief executive officer. “Whether
the job is transporting troops, delivering cargo, or flying Special
Forces operations, the V-22 brings more capabilities to the mission than
any other aircraft on the market.”
The V-22 is produced under a strategic alliance between Bell Helicopterand The Boeing Company (NYSE: BA). DLT expects the new contracts will
expand production on the V-22 program at the Company’s Huntsville, Ark.,
and Joplin, Mo., operations through the fall of 2013.
About Bell Helicopter
Headquartered in Fort Worth, Texas, Bell Helicopter has additional
plants in Amarillo, Texas and Mirabel, Canada. Bell maintains key
logistics supply and service centers in Europe, Canada, and Singapore as
well as in the United States. As the world’s premier provider of
vertical lift aircraft, Bell Helicopter continues to provide every
customer with products, service and support second to none.
About Ducommun Incorporated
Founded in 1849, Ducommun Incorporated provides engineering and
manufacturing services to the aerospace, defense, and other industries
through a wide spectrum of electronic and structural applications. The
company is an established supplier of critical components and assemblies
for commercial aircraft and military and space vehicles as well as for
the energy market, medical field, and industrial automation. It operates
through two primary business units – Ducommun AeroStructures (DAS) and
Ducommun LaBarge Technologies (DLT). Additional information can be found
at www.ducommun.com.
Statements contained in this press release regarding other than
recitation of historical facts are forward-looking statements. These
statements are identified by words such as “may,” “will,” “ begin,” “
look forward,” “expect,” “believe,” “intend,” “anticipate,” “should”,
“potential,” “estimate,” “continue,” “momentum” and other words
referring to events to occur in the future. These statements reflect
Company’s current view of future events and are based on its assessment
of, and are subject to, a variety of risks and uncertainties beyond its
control, including, but not limited to, the state of the world
financial, credit, commodities and stock markets, any difficulties,
delays or failure in, or unanticipated costs of, realizing the expected
synergies of the LaBarge acquisition, and uncertainties regarding the
Company, its businesses and the industries in which it operates, which
are described in the Company’s filings with the Securities and Exchange
Commission. The Company is under no obligation to (and expressly
disclaims any such obligation to) update or alter its forward-looking
statements whether as a result of new information, future events or
otherwise.
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
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