LOS ANGELES, Sep 28, 2010 (BUSINESS WIRE) --
Ducommun Incorporated (NYSE: DCO) today announced that its Ducommun AeroStructures, Inc. (DAS) subsidiary has been awarded a Supplier Quality Excellence Award by Lockheed Martin Corporation (NYSE: LMT) recognizing Ducommun's long-term outstanding performance on the NASA / Lockheed Martin Space Shuttle External Tank Team. This prestigious award has only been presented to twelve suppliers over the course of the Shuttle program.
"Ducommun AeroStructures has been a respected member of the External Tank Team since the inception of the Space Shuttle Program and has, during that time, produced the overwhelming majority of the external tank pressure vessel hardware. Ducommun's 'big picture' approach to the production of this challenging hardware along with an unparalleled commitment to produce quality has helped to ensure Mission Success," said Reynold J. Abadie, Director of Material Sourcing for Lockheed Martin.
Anthony J Reardon, president and chief executive officer of Ducommun, stated, "Ducommun is honored to receive this award recognizing our contribution to the Space Shuttle Team's success over the course of the program. We look forward to continuing to expand our relationship with both NASA and Lockheed Martin based on a solid foundation of trust and achievement we've built together."
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