Plug-And-Play Spacecraft Technologies
The Advanced PNP Spacecraft Technologies Program, administered by the AFRL's Space Vehicles Directorate, Kirtland Air Force Base, N.M., provides research, development, and design to support the development of PNP technology for spacecraft systems including busses, components, payloads and flight and ground software. AFRL's Space Vehicles Directorate intends for the contract to be used as a means to develop PNP technology for space systems. A subsequent task order is anticipated to include the development of an advanced PNP spacecraft demonstration bus.
Anthony J. Reardon, president and chief executive officer of Ducommun, stated, "We are pleased to have the opportunity to be a part of the advanced technology development contract with AFRL's Space Vehicles Directorate. We believe that the Advanced PNP Spacecraft Technologies Program will define a next generation satellite architecture that will support rapid and affordable spacecraft solutions for national security. We continue to target such opportunities to grow Miltec's footprint in both key programs and technologies, as we aim to provide more value-added systems to our customers, a strategic goal of Ducommun."
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, 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, 2008 and Form 10-Q for the quarter ended October 3, 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