LOS ANGELES--(BUSINESS WIRE)--Sep. 25, 2014--
Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today
reported that it has received a contract from Boeing (NYSE: BA) to
produce ground and flight spoilers for the 737
MAX — Boeing’s new family of single-aisle airplanes. Ducommun will
produce the spoilers at the Company’s Monrovia, Calif. operations with
support from its Guaymas, Mexico facility. Ducommun has provided
structural solutions for the 737 platform since its inception. Earlier
this year, the Company announced it will also support the 737 MAX by
producing engine inlet bulkheads and structural titanium assemblies used
in the propulsion and thrust reversers.
“With this important win, Ducommun further expands its content on the
innovative 737 MAX platform,” said Anthony J. Reardon, chairman and
chief executive officer. “We’re proud to have been selected, once again,
by Boeing for the MAX and look forward to providing broad-based
structural solutions for this line of jets, now the fourth generation of
the 737 family.”
The Boeing 737 MAX will build on the 737 platform’s reliability while
delivering the highest fuel efficiency to the single-aisle market. First
flight is scheduled for 2016, with deliveries to customers anticipated
to begin in 2017. The 737 MAX has already accumulated over 2,200 orders
and is expected to have eight percent lower per-seat operating costs
than its competition.
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 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.
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
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