LOS ANGELES--(BUSINESS WIRE)--Feb. 17, 2015--
Ducommun Incorporated (NYSE:DCO) (“Ducommun” or the “Company”) today
reported that it has been awarded its first direct contract from Airbus
for the A350 XWB wide-body aircraft. Ducommun will provide titanium
components for titanium assemblies that will be installed on the aft
fuselage section of the jet. The components are already in production at
Ducommun’s Coxsackie, N.Y. operations center, which specializes in
forming technology for shaping titanium, steel and other hard metals for
challenging aerospace requirements.
“This new contract establishes the baseline for Ducommun to continue
expanding its support of Airbus in North America,” said Anthony J.
Reardon, chairman and chief executive officer. “We are focused on
growing our relationship with this key original equipment
manufacturer by providing value-added structural solutions for the
innovative Airbus technology being implemented to make aircraft
stronger, lighter, and more energy efficient. We already support the
A350 XWB through an Airbus subcontract, and supply structural components
for A320 and A330 aircraft, as well as aluminum fuselage skins for the
A321.”
The A350 XWB is an all-new family of mid-size, wide-body aircraft which
will set a new standard of comfort and efficiency in its class – with 25
percent lower fuel consumption compared to current generation aircraft.
At the end of January 2015, the A350 XWB had won 780 orders from 40
customers worldwide.
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.
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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
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