View printer-friendly version Ducommun Incorporated Announces Long-Term Agreement for Titanium Erosion Shields for the Blackhawk Helicopter
LOS ANGELES, California (November 28, 2007) -- Ducommun Incorporated (NYSE: DCO) today announced that its Ducommun AeroStructures, Inc. (DAS) subsidiary has won a long-term agreement to furnish titanium erosion shields, which provide leading edge protection for both new and aftermarket main rotor blades to support the Sikorsky UH-60 BLACK HAWK Helicopter program. The contract is valued at approximately $60 million at anticipated build rates and will carry on through 2012. The program was awarded to DAS by GKN Aerospace, which manufactures the sheath assembly for the blade in their Tallassee, Alabama facility. Sikorsky Aircraft is a subsidiary of United Technologies Corp. (NYSE:UTX).
Joseph C. Berenato, chairman, president and chief executive officer of Ducommun, stated, “We are pleased by the opportunity to support the Sikorsky UH-60 BLACK HAWK program for the next five years. DAS has been producing the titanium erosion shields in our Gardena, California facility since the inception of the BLACK HAWK program. We appreciate this vote of confidence from both Sikorsky Aircraft Corporation and GKN Aerospace Alabama in awarding us this long-term agreement. Our work in air foils is a core competency of DAS and we will continue to seek more such work. The new agreement takes effect January 1, 2008.”
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.
Sikorsky Aircraft Corp., based in Stratford, Conn., is a world leader in helicopter design, manufacturing, and service. United Technologies Corp., based in Hartford, Conn., provides a broad range of high-technology products and support services to the aerospace and building systems industries.
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 September 29, 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 opportunity to support the Sikorsky UH-60 BLACK HAWK program for the next five years. DAS has been producing the titanium erosion shields in our Gardena, California facility since the inception of the BLACK HAWK program. We appreciate this vote of confidence from both Sikorsky Aircraft Corporation and GKN Aerospace Alabama in awarding us this long-term agreement. Our work in air foils is a core competency of DAS and we will continue to seek more such work. The new agreement takes effect January 1, 2008.”
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.
Sikorsky Aircraft Corp., based in Stratford, Conn., is a world leader in helicopter design, manufacturing, and service. United Technologies Corp., based in Hartford, Conn., provides a broad range of high-technology products and support services to the aerospace and building systems industries.
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 September 29, 2007 for a more detailed discussion of these and other risk factors and contingencies.