View printer-friendly versionDucommun Incorporated Announces $23 Million Contract for Titanium Blade Erosion Caps for the Boeing CH-47 Chinook Helicopter
LOS ANGELES, California (March 25, 2008) -- Ducommun Incorporated (NYSE: DCO) today announced that its Ducommun AeroStructures, Inc. (DAS), subsidiary has been awarded a long-term agreement to furnish titanium blade erosion caps, which provide leading edge protection for both new and spare blades to support the CH-47 Chinook Helicopter program. The contract, valued at approximately $23 million, will carry on through 2010. The program was awarded to DAS by Boeing Philadelphia, which manufactures new and refurbished CH-47 Chinook Helicopters for all branches of the U.S. Defense Department. All work will be performed at DAS’s Gardena, California facility.
Joseph C. Berenato, chairman and chief executive officer of Ducommun, stated, “We are ramping up production to meet increasing demand due to the success of the Boeing CH-47 Chinook program. We have been producing these erosion caps since the inception of the Chinook program, and continue to find new ways to improve processes and quality in coordination with Boeing.”
Mr. Berenato continued, “Our long-term collaboration on this program is part of our larger focus on air foil components and assemblies for both fixed and rotary wing aircraft.”
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, 2007 for a more detailed discussion of these and other risk factors and contingencies.
Joseph C. Berenato, chairman and chief executive officer of Ducommun, stated, “We are ramping up production to meet increasing demand due to the success of the Boeing CH-47 Chinook program. We have been producing these erosion caps since the inception of the Chinook program, and continue to find new ways to improve processes and quality in coordination with Boeing.”
Mr. Berenato continued, “Our long-term collaboration on this program is part of our larger focus on air foil components and assemblies for both fixed and rotary wing aircraft.”
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, 2007 for a more detailed discussion of these and other risk factors and contingencies.