View printer-friendly versionDucommun Incorporated Announces $100 Million Contract For The Tailcone And Fuselage Doors On Embraer's New Legacy 450 And Legacy 500 Aircraft
LOS ANGELES, California (June 17, 2009) - Ducommun Incorporated (NYSE: DCO) today announced that its Ducommun AeroStructures, Inc. (DAS) subsidiary has been awarded a contract for the tailcone and fuselage doors on Embraer’s recently announced Legacy 450 and Legacy 500 executive jets. The DAS contract is valued in excess of $100 million at currently anticipated build rates. These assemblies will be manufactured at Ducommun’s facilities in Southern California, Kansas, and Mexico. Ducommun’s manufacturing teams are working closely with Embraer’s engineering group to develop related tooling and manufacturing processes.
Embraer is the world’s largest manufacturer of commercial jets up to 120 seats, currently producing the ERJ 145 family of regional jets and the EMBRAER 170/190 family of commercial jets – the E-Jets, with around 1,500 aircraft delivered since 1996, worldwide. The Company is also one of the main business jet players in the world, with a portfolio of six aircraft, including the new midlight Legacy 450 and the midsize Legacy 500, with ranges of 2,300 and 3,000 nautical miles, respectively.
Joseph C. Berenato, chairman and chief executive officer of Ducommun, stated, “We are pleased to win another contract on the Legacy 450 and Legacy 500, which combines our established manufacturing expertise with our growing design engineering capabilities. This contract win reinforces Embraer’s confidence in our broadened skill set including design engineering, higher level assembly and component manufacturing. Finally, this win aligns with our strategy of enhancing our capabilities in order to become more important to our key customers.”
Ducommun AeroStructures manufactures large, complex structural components and assemblies in aluminum, specialty alloys such as titanium, metal bond and composites for a wide variety of military and commercial aerospace applications.
Founded in 1849, Ducommun Incorporated provides engineering and manufacturing services to the aerospace and defense industry.
Embraer designs, develops, manufactures and sells aircraft for the Commercial Aviation, Executive Aviation, and Defense segments. Based in Brazil, the Company has offices, industrial operations and customer service facilities in the United States, France, Portugal, China and Singapore. The Company was founded in 1969, and also provides after sales support and services to customers worldwide. On March 31, 2009, Embraer had a workforce of 17,375 employees – not counting the employees of its subsidiaries OGMA and HEAI – and its firm order backlog totaled US $19.7 billion.
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, 2008 and Form 10-Q for the quarter ended April 4, 2009 for a more detailed discussion of these and other risk factors and contingencies.
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Embraer is the world’s largest manufacturer of commercial jets up to 120 seats, currently producing the ERJ 145 family of regional jets and the EMBRAER 170/190 family of commercial jets – the E-Jets, with around 1,500 aircraft delivered since 1996, worldwide. The Company is also one of the main business jet players in the world, with a portfolio of six aircraft, including the new midlight Legacy 450 and the midsize Legacy 500, with ranges of 2,300 and 3,000 nautical miles, respectively.
Joseph C. Berenato, chairman and chief executive officer of Ducommun, stated, “We are pleased to win another contract on the Legacy 450 and Legacy 500, which combines our established manufacturing expertise with our growing design engineering capabilities. This contract win reinforces Embraer’s confidence in our broadened skill set including design engineering, higher level assembly and component manufacturing. Finally, this win aligns with our strategy of enhancing our capabilities in order to become more important to our key customers.”
Ducommun AeroStructures manufactures large, complex structural components and assemblies in aluminum, specialty alloys such as titanium, metal bond and composites for a wide variety of military and commercial aerospace applications.
Founded in 1849, Ducommun Incorporated provides engineering and manufacturing services to the aerospace and defense industry.
Embraer designs, develops, manufactures and sells aircraft for the Commercial Aviation, Executive Aviation, and Defense segments. Based in Brazil, the Company has offices, industrial operations and customer service facilities in the United States, France, Portugal, China and Singapore. The Company was founded in 1969, and also provides after sales support and services to customers worldwide. On March 31, 2009, Embraer had a workforce of 17,375 employees – not counting the employees of its subsidiaries OGMA and HEAI – and its firm order backlog totaled US $19.7 billion.
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, 2008 and Form 10-Q for the quarter ended April 4, 2009 for a more detailed discussion of these and other risk factors and contingencies.
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