LOS ANGELES--(BUSINESS WIRE)--Jul. 8, 2014--
Ducommun
Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today
announced that it has been awarded several contracts by Spirit
AeroSystems, Inc. (NYSE:SPR) to produce structural assemblies for
the Boeing
737 MAX commercial jetliner. Ducommun will provide a variety of
titanium assemblies used in the propulsion and thrust reverser
assemblies built by Spirit AeroSystems for the 737 MAX. Production on
these initial contracts is expected to begin later this year. Ducommun
has provided structural solutions to the 737 platform since its
inception.
“This is a significant win for Ducommun which allows us to work hand in
hand with Spirit in supporting the 737 MAX,” said Anthony J. Reardon,
chairman and chief executive officer. “We look forward to strengthening
our relationship with both Spirit and Boeing in the development of these
new applications. Spirit is a very important partner for us on the 737
program, and we are excited to further expand our content on this
aircraft.”
The Boeing 737 MAX will build on the platform’s reliability while
delivering improved 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 2,000 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, 310-513-7211
Vice
President and Chief Financial Officer
or
Chris Witty,
646-438-9385
Investor Relations
cwitty@darrowir.com
View printer-friendly version