Expands Relationship with Alenia Aermacchi, a Finmeccanica Company
LOS ANGELES--(BUSINESS WIRE)--May. 29, 2013--
Ducommun
Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today
announced it has signed a long-term agreement with Alenia Aermacchi, a
unit of Italy’s Finmeccanica Group, to produce various fuselage skins
for the AirbusA321
commercial aircraft. The first award under this agreement runs through
2016. Ducommun AeroStructures is manufacturing the aluminum fuselage
skins at its Gardena,
Calif. and Orange,
Calif. facilities, which specialize in the assembly, forming, machining
and chemical milling of large aircraft structures.
"The A321 is a new platform for Ducommun, and this long-term agreement
significantly expands our partnership with Alenia Aermacchi,” said
Anthony J. Reardon, chairman, president and chief executive officer. “As
our first major contract for an Airbus single-aisle aircraft, this is a
great opportunity for us to showcase our technology and production
expertise as we look to expand sales across the A320 family. We look
forward to working with Alenia Aermacchi and strengthening our
relationship with Airbus for many years to come.”
The A321 – the largest aircraft in the A320 family – has a stretched
fuselage along with an extended operating range of up to 3,000 nautical
miles.
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
Vice President and
Chief Financial Officer
310-513-7211
or
Chris Witty
Investor
Relations
646-438-9385 / cwitty@darrowir.com