View printer-friendly version Ducommun Incorporated Announces $4.8 Million Contract Award For Supplier Producibility Qualification
LOS ANGELES, California (September 13, 2007) -- Ducommun Incorporated (NYSE: DCO) today announced that Ducommun Technologies, Inc. (DTI) has been awarded an Indefinite Delivery Indefinite Quantity (IDIQ) contract worth $4.8 million from the Missile Defense Agency (MDA). As a contract prime, DTI’s Miltec subsidiary will perform a scope of work which focuses on the coordination and integration of various payloads that support missile and space experimentation.
Joseph C. Berenato, chairman, president and chief executive officer of Ducommun, stated, “We are pleased to have been selected to support the MDA’s work in payload integration. MDA has long been an important customer of Miltec and we view this contract award as evidence of our continued ability to support a key customer. We value our long-term relationships and continuing to provide support to MDA and our other key customers is a strong priority for 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.
Joseph C. Berenato, chairman, president and chief executive officer of Ducommun, stated, “We are pleased to have been selected to support the MDA’s work in payload integration. MDA has long been an important customer of Miltec and we view this contract award as evidence of our continued ability to support a key customer. We value our long-term relationships and continuing to provide support to MDA and our other key customers is a strong priority for 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.