LOS ANGELES--(BUSINESS WIRE)--Nov. 2, 2009--
Ducommun Incorporated (NYSE:DCO) today announced that its Ducommun
AeroStructures, Inc. (DAS) subsidiary has definitized a follow-on
contract with The Boeing Company to provide fuselage skins for the C-17
Globemaster III military transport aircraft through the fourth quarter
of 2010.
Boeing produces the C-17 Globemaster III in Long Beach, CA for the U.S.
Air Force and a growing number of international defense forces. These
fuselage skins are manufactured at the DAS Gardena facility using its
specialized capabilities in stretch forming, chemical milling and
machining to produce the over-sized metallic components for the C-17
Globemaster III. These fuselage skins have been produced by the DAS
Gardena facility since 2000.
Joseph C. Berenato, chairman and chief executive officer of Ducommun,
stated, “We are pleased to continue production of some of the largest
fuselage skins in the aerospace industry. Through the continuous
application of Lean Six Sigma, we have improved the efficiency of the
production process and have developed substantial expertise in the
manufacture and handling of very large fuselage skins.”
Mr. Berenato continued, “More recently, we have added subassembly
capabilities to our Gardena facility which makes us capable of providing
major subassemblies directly to the final assembly line of our
customers. In doing so, we strive to become more important to our key
customers, a strategic goal for Ducommun.”
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, 2008 and Form 10-Q for the quarter
ended October 3, 2009 for a more detailed discussion of these and other
risk factors and contingencies.
Source: Ducommun Incorporated
Ducommun Incorporated
Joseph P. Bellino
Vice President and
Chief Financial Officer
310-513-7211
View printer-friendly version