View printer-friendly version Ducommun Incorporated Announces $2.1 Million Contract Award For Acoustic Technology Development
LOS ANGELES, California (August 1, 2007) -- Ducommun Incorporated (NYSE: DCO) today announced that its Ducommun Technologies, Inc. (DTI) subsidiary has been awarded an Advanced Technology Development (ATD) contract sponsored by the U.S. Army Space and Missile Defense Command, in Huntsville, Alabama. The initial contract award is valued at $2.1 million. If all options are exercised, the contract value is in excess of $42 million.
The ATD program consists of four primary focus areas to include: 1) real-time tracking and classification of battlefield targets, 2) long-range detection of low-frequency sources such as launcher vehicles, missile launches, and natural occurring phenomenon such as hurricanes and earthquakes, 3) acoustic instrumentation of airborne surveillance systems, and 4) development of advanced acoustic signal processing techniques fundamental to enhancing the capabilities in the application areas above. These efforts are led by a program team including Miltec Research and Technology, The University of Mississippi and Mississippi State University.
The ATD contract will enable significant development and more definitive demonstration of capabilities on all tasks in parallel with the transfer of proven technology to forward deployed defense programs/systems. Foremost in the minds of all working this project is the development of new and innovative ways passive transducers can be utilized to assist the soldier on the battlefield.
Joseph C. Berenato, chairman, president and chief executive officer of Ducommun, stated, “Participation in such technology development programs has been a hallmark of Miltec for the last ten years. We hope to capitalize on Miltec’s design engineering capabilities to not only win such development contracts, but to use Ducommun’s extensive manufacturing capabilities to drive these development programs to production programs, where appropriate. We believe that providing both the front end development and back end manufacturing capability will make us more valuable to our key customers, which is a core strategy of the Company.”
Ducommun Technologies is a leading technology company with design, development, manufacturing, integration, and test capabilities in the areas of missiles, space, sensor, simulations, 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 to 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, 2006 and Form 10-Q for the quarter ended June 30, 2007 for a more detailed discussion of these and other risk factors and contingencies.
The ATD program consists of four primary focus areas to include: 1) real-time tracking and classification of battlefield targets, 2) long-range detection of low-frequency sources such as launcher vehicles, missile launches, and natural occurring phenomenon such as hurricanes and earthquakes, 3) acoustic instrumentation of airborne surveillance systems, and 4) development of advanced acoustic signal processing techniques fundamental to enhancing the capabilities in the application areas above. These efforts are led by a program team including Miltec Research and Technology, The University of Mississippi and Mississippi State University.
The ATD contract will enable significant development and more definitive demonstration of capabilities on all tasks in parallel with the transfer of proven technology to forward deployed defense programs/systems. Foremost in the minds of all working this project is the development of new and innovative ways passive transducers can be utilized to assist the soldier on the battlefield.
Joseph C. Berenato, chairman, president and chief executive officer of Ducommun, stated, “Participation in such technology development programs has been a hallmark of Miltec for the last ten years. We hope to capitalize on Miltec’s design engineering capabilities to not only win such development contracts, but to use Ducommun’s extensive manufacturing capabilities to drive these development programs to production programs, where appropriate. We believe that providing both the front end development and back end manufacturing capability will make us more valuable to our key customers, which is a core strategy of the Company.”
Ducommun Technologies is a leading technology company with design, development, manufacturing, integration, and test capabilities in the areas of missiles, space, sensor, simulations, 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 to 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, 2006 and Form 10-Q for the quarter ended June 30, 2007 for a more detailed discussion of these and other risk factors and contingencies.