View printer-friendly versionDucommun Incorporated Acquires CMP Display Systems, Inc.
LOS ANGELES, California (September 5, 2006) -- Ducommun Incorporated (NYSE:DCO) today announced that its Ducommun Technologies, Inc. (DTI) subsidiary has acquired the capital stock of CMP Display Systems, Inc. (CMP), a privately held company based in Newbury Park, California. CMP is a manufacturer of incandescent, electroluminescent and LED edge lit panels and assemblies for the aerospace and defense industries. CMP’s sales for the last fiscal year ending February 28, 2006 were approximately $8.6 million. Terms of the transaction were not disclosed.
Joseph C. Berenato, chairman, president and chief executive officer, stated, “The addition of CMP broadens our lighted man machine interface product line, and brings to DTI a talented and experienced group of people in engineering, sales and product assembly. With an average tenure of 16 years, CMP’s people will add substantially to our skilled workforce as well as opening new customers to us in both the military and commercial market segments.”
Ducommun Technologies is a leading technology company with design, development, manufacturing, integration, and test capabilities in the areas of missiles, space, sensor, simulation, complex electronic/mechanical assemblies, illuminated cockpit displays, RF systems and space qualified motion control devices.
Founded in 1849, Ducommun Incorporated provides engineering and manufacturing services for the aerospace and defense industry.
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, availability of raw materials and components from suppliers, and other factors beyond the Company’s control. See the Company’s Form 10-K for the year ended December 31, 2005 and Form 10-Q for the quarter ended July 1, 2006 for a more detailed discussion of these and other risk factors and contingencies.
Joseph C. Berenato, chairman, president and chief executive officer, stated, “The addition of CMP broadens our lighted man machine interface product line, and brings to DTI a talented and experienced group of people in engineering, sales and product assembly. With an average tenure of 16 years, CMP’s people will add substantially to our skilled workforce as well as opening new customers to us in both the military and commercial market segments.”
Ducommun Technologies is a leading technology company with design, development, manufacturing, integration, and test capabilities in the areas of missiles, space, sensor, simulation, complex electronic/mechanical assemblies, illuminated cockpit displays, RF systems and space qualified motion control devices.
Founded in 1849, Ducommun Incorporated provides engineering and manufacturing services for the aerospace and defense industry.
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, availability of raw materials and components from suppliers, and other factors beyond the Company’s control. See the Company’s Form 10-K for the year ended December 31, 2005 and Form 10-Q for the quarter ended July 1, 2006 for a more detailed discussion of these and other risk factors and contingencies.