View printer-friendly version Ducommun Incorporated Announces $17.5 Million Contract for Chinook CH-47 Helicopter Main Rotor Blade Abrasion Strips
LOS ANGELES, California (May 30, 2007) -- Ducommun Incorporated (NYSE: DCO) today announced that its Ducommun AeroStructures, Inc. (DAS) subsidiary has been awarded follow-on contracts from The Boeing Company valued at $17.5 million for Chinook CH-47 helicopter main rotor blade abrasion strips for use as both original equipment and replacement blades.
The main rotor blade abrasion strip contracts are additive to current production and extend deliveries into 2009. Boeing produces the Chinook CH-47 helicopter in Philadelphia, PA for the U.S. Army. The manufacture of the hot formed abrasion strips will be at DAS’s Gardena, California facility.
Joseph C. Berenato, chairman, president and chief executive officer of Ducommun, stated, “We are pleased by the award of these follow-on contracts which affirm our long-term commitment to Boeing on the Chinook program, and highlight our leadership position in the production of stainless steel, aluminum and titanium erosion shields for a wide array of rotary wing applications, including the Chinook main rotor blade abrasion strips. Our demonstrated capabilities in hot form and SPF abrasion strip production has enabled us to win additional helicopter programs from other customers, broadening our presence in this important market segment. Finally, we are proud to be a part of the Boeing Team supporting the Chinook helicopter program at this time in our nation’s history.”
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.
Founded in 1849, Ducommun Incorporated provides engineering and manufacturing services to the aerospace and defense industry.
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, availability of raw materials and components from suppliers, and other factors beyond the Company’s control. See the Company’s Form 10-K for the year ended December 31, 2006 and Fom 10-Q for the quarter ended March 31, 2007 for a more detailed discussion of these and other risk factors and contingencies.
The main rotor blade abrasion strip contracts are additive to current production and extend deliveries into 2009. Boeing produces the Chinook CH-47 helicopter in Philadelphia, PA for the U.S. Army. The manufacture of the hot formed abrasion strips will be at DAS’s Gardena, California facility.
Joseph C. Berenato, chairman, president and chief executive officer of Ducommun, stated, “We are pleased by the award of these follow-on contracts which affirm our long-term commitment to Boeing on the Chinook program, and highlight our leadership position in the production of stainless steel, aluminum and titanium erosion shields for a wide array of rotary wing applications, including the Chinook main rotor blade abrasion strips. Our demonstrated capabilities in hot form and SPF abrasion strip production has enabled us to win additional helicopter programs from other customers, broadening our presence in this important market segment. Finally, we are proud to be a part of the Boeing Team supporting the Chinook helicopter program at this time in our nation’s history.”
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.
Founded in 1849, Ducommun Incorporated provides engineering and manufacturing services to the aerospace and defense industry.
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, availability of raw materials and components from suppliers, and other factors beyond the Company’s control. See the Company’s Form 10-K for the year ended December 31, 2006 and Fom 10-Q for the quarter ended March 31, 2007 for a more detailed discussion of these and other risk factors and contingencies.