View printer-friendly versionDucommun Incorporated Announces $3.8 Million Contract For F-15 Radar System Enclosures
LOS ANGELES, California (May 31, 2006) -- Ducommun Incorporated (NYSE: DCO) today announced that its Ducommun Technologies, Inc. (DTI) subsidiary has been awarded a $3.8 million contract from Raytheon for the manufacture and subsystem integration of electromechanical enclosures for the 63V1 and 63V3 radar systems used on the F-15 aircraft. This contract consists of 63V1 radars for Japan and 63V3 radars for multiple customers. The period of performance is through 2007 and the work will be performed at DTI’s Phoenix, Arizona facility.
Joseph C. Berenato, chairman and chief executive officer of Ducommun, stated, “We are pleased to have been selected once again for the 63V1 work and to have been given the new opportunity to manufacture the enclosures for the 63V3 radar system. The award of these two radar enclosures demonstrates our customer’s confidence in our ability to manufacture and integrate these complex subassemblies. Coupled with our ongoing work on radar assemblies for Raytheon, we are proud to be a leader in manufacturing and integrating complex electromechanical enclosures into state of the art radar systems.”
Raytheon Company (NYSE: RTN), with 2005 sales of $21.9 billion, is an industry leader in defense and government electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Waltham, Massachusetts, Raytheon employs 80,000 people worldwide.
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 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, 2005 and Form 10-Q for the quarter ended April 1, 2006 for a more detailed discussion of these and other risk factors and contingencies.
Joseph C. Berenato, chairman and chief executive officer of Ducommun, stated, “We are pleased to have been selected once again for the 63V1 work and to have been given the new opportunity to manufacture the enclosures for the 63V3 radar system. The award of these two radar enclosures demonstrates our customer’s confidence in our ability to manufacture and integrate these complex subassemblies. Coupled with our ongoing work on radar assemblies for Raytheon, we are proud to be a leader in manufacturing and integrating complex electromechanical enclosures into state of the art radar systems.”
Raytheon Company (NYSE: RTN), with 2005 sales of $21.9 billion, is an industry leader in defense and government electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Waltham, Massachusetts, Raytheon employs 80,000 people worldwide.
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 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, 2005 and Form 10-Q for the quarter ended April 1, 2006 for a more detailed discussion of these and other risk factors and contingencies.