View printer-friendly version Ducommun Incorporated Announces $50 Million Contract for Ailerons and Spoilers on Embraer's New Legacy 450/500 Series Business Jets
LOS ANGELES, California (February 23, 2009) -- Ducommun Incorporated (NYSE: DCO) today announced that its Ducommun AeroStructures, Inc. (DAS) subsidiary has been awarded a design and build contract for the ailerons and spoilers on Embraer’s recently announced Legacy 450 and 500 series of business jets. The Legacy 450 is a 2,300 nautical mile, light mid-size aircraft, while the larger Legacy 500 is a 3,000 nautical mile mid-size aircraft. Embraer is the third largest OEM aircraft manufacturer in the world, famous for its family of regional jets such as the ERJ 145 and its family of E-Jets such as the Embraer 170/190 family. Embraer has delivered more than 1,600 commercial jets to airlines globally since 1995. DAS’s contract is valued in excess of $50 million.
Ducommun will develop these critical flight control parts from concept through certification, preliminary engineering, and detailed designs, drawings and specifications jointly with Embraer. Critical to the success of the program, is the requirement for the Ducommun-led engineering team to work in close collaboration with Embraer’s engineering offices located in San Jose dos Campos, Brazil.
Joseph C. Berenato, chairman and chief executive officer of Ducommun, stated, “The Legacy 450/500 program is an example of Ducommun’s strategic initiative to provide greater value to our customers by providing complete design and build aerostructures solutions. This contract is our first directly with Embraer and we look forward to continuing to broaden our scope of work with 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, the deterioration in credit markets, 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 for a more detailed discussion of these and other risk factors and contingencies.
Ducommun will develop these critical flight control parts from concept through certification, preliminary engineering, and detailed designs, drawings and specifications jointly with Embraer. Critical to the success of the program, is the requirement for the Ducommun-led engineering team to work in close collaboration with Embraer’s engineering offices located in San Jose dos Campos, Brazil.
Joseph C. Berenato, chairman and chief executive officer of Ducommun, stated, “The Legacy 450/500 program is an example of Ducommun’s strategic initiative to provide greater value to our customers by providing complete design and build aerostructures solutions. This contract is our first directly with Embraer and we look forward to continuing to broaden our scope of work with 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, the deterioration in credit markets, 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 for a more detailed discussion of these and other risk factors and contingencies.