View printer-friendly versionDucommun Incorporated Announces Long-Term Contract For Next-Generation 737 Spoiler Assemblies
LOS ANGELES, California (December 13, 2006) -- Ducommun Incorporated (NYSE: DCO) today announced that its Ducommun AeroStructures, Inc. (DAS) subsidiary has been awarded an 8-year contract with Boeing Commercial Airplanes to supply spoilers for the 737 family of commercial aircraft.
Ducommun AeroStructures has been the sole supplier of spoilers since the inception of the Next-Generation 737 program and the current contract positions DAS through 2013. Just recently DAS celebrated the delivery of the 2000th Next-Generation 737 shipset of spoilers to The Boeing Company.
Joseph C. Berenato, chairman, president and chief executive officer of Ducommun, stated, “We are very pleased to continue, on a long-term basis, our involvement with the 737 aircraft, and on the spoiler assembly program, in particular. We have worked closely with The Boeing Company to develop a path forward which satisfies Boeing’s needs in terms of quality, delivery and price. Likewise, we have crafted a program going forward which achieves our desire for long-term, stable production on a high volume program which highlights our complex metal bond assembly capabilities. We look forward to using this contract win as a springboard for other complex assembly work for both Boeing and other key customers.”
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 and military 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 September 30, 2006 for a more detailed discussion of these and other risk factors and contingencies.
Ducommun AeroStructures has been the sole supplier of spoilers since the inception of the Next-Generation 737 program and the current contract positions DAS through 2013. Just recently DAS celebrated the delivery of the 2000th Next-Generation 737 shipset of spoilers to The Boeing Company.
Joseph C. Berenato, chairman, president and chief executive officer of Ducommun, stated, “We are very pleased to continue, on a long-term basis, our involvement with the 737 aircraft, and on the spoiler assembly program, in particular. We have worked closely with The Boeing Company to develop a path forward which satisfies Boeing’s needs in terms of quality, delivery and price. Likewise, we have crafted a program going forward which achieves our desire for long-term, stable production on a high volume program which highlights our complex metal bond assembly capabilities. We look forward to using this contract win as a springboard for other complex assembly work for both Boeing and other key customers.”
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 and military 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 September 30, 2006 for a more detailed discussion of these and other risk factors and contingencies.