LOS ANGELES--(BUSINESS WIRE)--Oct. 5, 2016--
Ducommun Incorporated (NYSE: DCO) today reported it has received a
multimillion-dollar contract from UTC Aerospace Systems, a unit of
United Technologies Corp. (NYSE: UTX), to manufacture complex electronic
assemblies for an upgrade to the braking system of a major commercial
aircraft program. Production is taking place at Ducommun’s operations
centers in Appleton, Wis., Huntsville, Ark., and Joplin, Mo.Ducommun
signed a long-term supply agreement with United Technologies in 2015
which has paved the way for new opportunities to provide complex
electronic and structural assemblies and systems across UTC’s aerospace
business units.
“This new contract for the upgrade is a great example of how Ducommun is
providing United Technologies with a broad range of capabilities in
electronics manufacturing services and solutions. We have worked very
closely with UTC to develop a very sophisticated electronics assembly
that must work perfectly under all circumstances—including extreme
operating environments,” said Anthony J. Reardon, chairman, president
and chief executive officer. “With this and all future programs, our job
remains to earn the confidence placed in us when UTC selected Ducommun
as a long-term strategic supplier.”
UTC Aerospace Systems has more than 65 years’ experience in aircraft
wheel and braking systems, and more than 22,000 aircraft are equipped
with the company’s wheels and brakes.
About Ducommun Incorporated
Ducommun Incorporated delivers innovative manufacturing solutions to
customers in the aerospace, defense and industrial markets. Founded in
1849, the company specializes in two core areas – Electronic Systems and
Structural Systems – to produce complex products and components for
commercial aircraft platforms, mission-critical military and space
programs, and sophisticated industrial applications. For more
information, visit www.ducommun.com.
Statements contained in this press release regarding other than
recitation of historical facts are forward-looking statements. These
statements are identified by words such as “may,” “will,” “begin,” “look
forward,” “expect,” “believe,” “intend,” “anticipate,” “should”,
“potential,” “estimate,” “continue,” “momentum” and other words
referring to events to occur in the future. These statements reflect the
Company’s current view of future events and are based on its assessment
of, and are subject to, a variety of risks and uncertainties beyond its
control, including, but not limited to, the state of the world
financial, credit, commodities and stock markets, and uncertainties
regarding the Company, its businesses and the industries in which it
operates, which are described in the Company’s filings with the
Securities and Exchange Commission. The Company is under no obligation
to (and expressly disclaims any such obligation to) update or alter its
forward-looking statements whether as a result of new information,
future events or otherwise.
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Source: Ducommun Incorporated
Ducommun Incorporated
Douglas L. Groves, Vice President, Chief
Financial Officer and Treasurer
310.513.7200
or
Chris
Witty, Investor Relations
646.438.9385
cwitty@darrowir.com