LOS ANGELES--(BUSINESS WIRE)--Apr. 23, 2013--
Ducommun
Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today
announced that it has received a long-term supply agreement from The
Boeing Company (NYSE: BA) to continue to produce spoilers for the
Boeing Next-Generation 737
airplane. Ducommun AeroStructures manufactures the spoilers – flight
control systems intended to reduce lift in an aircraft – at its
expansive Monrovia,
Calif. operation, with support from the Company’s Orange,
Calif. and Guaymas, Mexico facilities. The Monrovia location specializes
in complex metal bond and composite assemblies.
“This contract extension reflects our strong, longstanding relationship
with Boeing and supports the increasing
build rates for the 737,” said Anthony J. Reardon, chairman,
president and chief executive officer. “Ducommun has produced spoilers
for the 737 family of jets for nearly 50 years, and we’re proud to be
part of the world’s best-selling commercial aircraft.”
The Boeing 737 program was originally launched in 1966. With over 7,500
airplanes in service, the 737 family represents more than a quarter of
the total worldwide fleet of large commercial jets flying today.
About Ducommun Incorporated
Founded in 1849, Ducommun Incorporated provides engineering and
manufacturing services to the aerospace, defense, and other industries
through a wide spectrum of electronic and structural applications. The
company is an established supplier of critical components and assemblies
for commercial aircraft and military and space vehicles as well as for
the energy market, medical field, and industrial automation. It operates
through two primary business units – Ducommun AeroStructures (DAS) and
Ducommun LaBarge Technologies (DLT). Additional information can be found
at www.ducommun.com.
Statements contained in this press release regarding other than
recitation of historical facts are forward-looking statements. These
statements are identified by words such as “may,” “will,” “ begin,” “
look forward,” “expect,” “believe,” “intend,” “anticipate,” “should”,
“potential,” “estimate,” “continue,” “momentum” and other words
referring to events to occur in the future. These statements reflect the
Company’s current view of future events and are based on its assessment
of, and are subject to, a variety of risks and uncertainties beyond its
control, including, but not limited to, the state of the world
financial, credit, commodities and stock markets, and uncertainties
regarding the Company, its businesses and the industries in which it
operates, which are described in the Company’s filings with the
Securities and Exchange Commission. The Company is under no
obligation to (and expressly disclaims any such obligation to) update or
alter its forward-looking statements whether as a result of new
information, future events or otherwise.
Source: Ducommun Incorporated
Ducommun Incorporated
Joseph P. Bellino, 310-513-7211
Vice
President and Chief Financial Officer
or
Investor Relations
Chris
Witty, 646-438-9385
cwitty@darrowir.com
View printer-friendly version