LOS ANGELES--(BUSINESS WIRE)--Jan. 15, 2013--
Ducommun Incorporated (NYSE: DCO) has entered into a multiyear agreement
with TECT Power to perform chemical milling services for titanium fan
blades used in Engine Alliance GP7200 engines. The GP7200 fan blades are
produced by Pratt & Whitney, a unit of United Technologies (NYSE: UTX)
and partner with GE Aviation in the Engine Alliance joint venture. The
four-year contract – with a potential value of $6 million – will
continue through 2016, and Ducommun AeroStructures will perform the work
at the Company’s El Mirage, Calif., facility.
"This agreement with TECT Power represents new growth for Ducommun with
a respected, leading provider of critical rotating components and
assemblies for turbine engines," said Anthony J. Reardon, chairman,
president and chief executive officer of Ducommun. "We share TECT's
strong commitment to continuous improvement and customer satisfaction,
and hope to deepen our business relationship with them going forward."
The Engine Alliance GP7200 engine powers the Airbus A380 commercial
jumbo jet, and Ducommun AeroStructures chemically mills aluminum,
titanium and steel parts for this high performance aircraft. The
chemical milling process produces super lightweight parts with superior
structural strength.
About Ducommun Incorporated
Founded in 1849, Ducommun Incorporated provides engineering and
manufacturing services to the aerospace, defense, and other industries
through a wide spectrum of electronic and structural applications. The
company is an established supplier of critical components and assemblies
for commercial aircraft and military and space vehicles as well as for
the energy market, medical field, and industrial automation. It operates
through two primary business units – Ducommun AeroStructures (DAS) and
Ducommun LaBarge Technologies (DLT). Additional information can be found
at 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
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, any difficulties,
delays or failure in, or unanticipated costs of, realizing the expected
synergies of the LaBarge acquisition, 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.
Source: Ducommun Incorporated
Ducommun Incorporated
Joseph P. Bellino
Vice President and
Chief Financial Officer
(310) 513-7211
or
Chris Witty
Investor
Relations
(646) 438-9385
cwitty@darrowir.com