LOS ANGELES--(BUSINESS WIRE)--Apr. 28, 2015--
Ducommun
Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today
announced that it has finalized a long-term supply agreement with United
Technologies Corp. (UTC) (NYSE: UTX), expanding the Company’s
current involvement on several key programs and opening new
opportunities to provide complex electronic and structural assemblies
and systems across UTC’s aerospace business units.
“This agreement is a significant milestone in Ducommun’s growth strategy
within commercial aerospace. We are proud that our performance and
commitment to customer service have earned United Technologies’
confidence and selection of Ducommun as their long-term strategic
supplier. United Technologies is at the leading edge of commercial
aviation and we are thrilled to support them in the unparalleled growth
trajectory anticipated for the aerospace industry,” said Anthony J.
Reardon, chairman and chief executive officer.
Reardon noted that Ducommun is actively engaged in the UTC Supplier Gold
program with several of its sites having achieved certified Supplier
Gold status and that Ducommun maintains a strong commitment to having
all sites supporting UTC achieve Supplier Gold status in the coming
years.
“We are very pleased to announce this ‘One Company Agreement’ with
Ducommun and commend them for their commitment to meeting UTC’s high
standards for quality and performance while ensuring cost
competitiveness,” said Sam Abdelmalek, vice president, Global Supply
Management and Supply Chain Integration, United Technologies Corp.
“UTC’s aerospace businesses are well-positioned for significant growth
over the coming years. Suppliers such as Ducommun who commit to our new
standards, meet our demanding performance requirements and satisfy our
UTV2 cost-savings initiatives will have the opportunity to
share in this growth for years to come.”
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
Chris Witty,
646-438-9385
Investor Relations
cwitty@darrowir.com
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