LOS ANGELES, Dec 01, 2010 (BUSINESS WIRE) --
Ducommun Incorporated (NYSE: DCO) today announced that its Miltec subsidiary was selected to help develop multi-mission space vehicles under the U.S. Defense Department's Operationally Responsive Space (ORS) Office's Modular Space Vehicles (MSV) program. The award, made by NASA acting as the contracting agent for the ORS Office, is for an indefinite-delivery, indefinite-quantity, cost-plus fixed-fee contract with a five-year period of performance. Under the terms of the contract, Miltec will provide support for the ORS Office at Kirtland Air Force Base, N.M. working on innovation, standards, and architecture, showcasing Miltec's ability to enable affordable space solutions.
Anthony J. Reardon, president and chief executive officer, stated, "The MSV program will deliver modular payloads and satellite bus systems to meet a wide variety of space and military needs. This is a significant win for our Miltec division and helps solidify our strategic thrust in supporting the space market. This next-generation design will revolutionize satellite deployment, and our team sees the award as an opportunity to influence such developments for decades to come."
Miltec Corporation, a wholly owned subsidiary of Ducommun Inc., provides system solutions and engineering support to missile and space customers.
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, and other factors beyond the Company's control.See the Company's Form 10-K for the year ended December 31, 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