View printer-friendly version Ducommun Incorporated Announces $25 Million Contract Award for Dassault Falcon 2000 Family of Aircraft Winglet
LOS ANGELES, California (October 25, 2007) -- Ducommun Incorporated (NYSE: DCO) today announced that its Ducommun AeroStructures, Inc. (DAS) subsidiary has been awarded a $25 million contract to furnish winglets for the Falcon 2000 family of jets. The initial contract will run through 2010. The program was won in cooperation with Aviation Partners Inc. (API) and with Dassault-Aviation. The Dassault Falcon winglets program adds to the broadening DAS winglets product line. All work will be performed at DAS’s Monrovia, California facility.
Joseph C. Berenato, chairman, president and chief executive officer of Ducommun, stated, “We are pleased by the award of this contract as it adds Dassault-Aviation to our key customer list and strengthens our existing relationship with Aviation Partners. The first set of winglets is to be delivered in the fourth quarter of 2007 with ramp-up to full production starting before the end of this year. The production of higher level assemblies is a key component of Ducommun’s strategy to become more important to its key customers by adding more value to our statement of work.”
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 Form 10-Q for the quarter ended June 30, 2007 for a more detailed discussion of these and other risk factors and contingencies.
Joseph C. Berenato, chairman, president and chief executive officer of Ducommun, stated, “We are pleased by the award of this contract as it adds Dassault-Aviation to our key customer list and strengthens our existing relationship with Aviation Partners. The first set of winglets is to be delivered in the fourth quarter of 2007 with ramp-up to full production starting before the end of this year. The production of higher level assemblies is a key component of Ducommun’s strategy to become more important to its key customers by adding more value to our statement of work.”
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 Form 10-Q for the quarter ended June 30, 2007 for a more detailed discussion of these and other risk factors and contingencies.