View printer-friendly version Ducommun Incorporated Announces $28 Million In Long-Term Contracts For Embraer ERJ 170/190 Fuselage and Door Skins
LOS ANGELES, California (September 12, 2007) -- Ducommun Incorporated (NYSE: DCO) today announced that its Ducommun AeroStructures, Inc. (DAS) subsidiary has been awarded contracts from Latecoere International, Inc. to supply fuselage and door skins for the Embraer ERJ 170/190 family of commercial aircraft valued at more than $28 million.
Under a new five-year contract, Ducommun AeroStructures will continue to supply Latecoere with fuselage skins for the popular Embraer ERJ 170/190 Regional Jet platform, which DAS has been supplying to Latecoere since the inception of the ERJ 170 program. In addition, DAS will provide Latecoere with door skins for this same program under a new, three-year contract. All work will be performed at DAS’s Gardena, California and Orange, California facilities.
Joseph C. Berenato, chairman, president and chief executive officer of Ducommun, stated, “We are very pleased to expand our involvement with the Embraer ERJ 170/190 program. We have worked closely with Latecoere to develop a path forward which satisfies both Latecoere’s and Embraer’s needs in terms of quality, delivery and price, as well as achieving our desire for long-term, stable production on a high volume program which highlights our large panel stretch forming and chemical milling capabilities. We look forward to using this contract win as a springboard for other component and assembly work for both Latecoere and Embraer.”
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.
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.
Under a new five-year contract, Ducommun AeroStructures will continue to supply Latecoere with fuselage skins for the popular Embraer ERJ 170/190 Regional Jet platform, which DAS has been supplying to Latecoere since the inception of the ERJ 170 program. In addition, DAS will provide Latecoere with door skins for this same program under a new, three-year contract. All work will be performed at DAS’s Gardena, California and Orange, California facilities.
Joseph C. Berenato, chairman, president and chief executive officer of Ducommun, stated, “We are very pleased to expand our involvement with the Embraer ERJ 170/190 program. We have worked closely with Latecoere to develop a path forward which satisfies both Latecoere’s and Embraer’s needs in terms of quality, delivery and price, as well as achieving our desire for long-term, stable production on a high volume program which highlights our large panel stretch forming and chemical milling capabilities. We look forward to using this contract win as a springboard for other component and assembly work for both Latecoere and Embraer.”
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.
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.