View printer-friendly version Ducommun Incorporated Receives Contract from Boeing for Apache Helicopter Main and Tail Rotor Blades
LOS ANGELES, California (January 6, 2009) -- Ducommun Incorporated (NYSE: DCO) today announced that its Ducommun AeroStructures, Inc. (DAS) subsidiary has been awarded follow-on contracts from The Boeing Company for AH-64 Apache helicopter main and tail rotor blades for use as both original equipment and replacement blades.
These contracts are additive to current production and extend deliveries into 2010. Boeing produces the next-generation AH-64D Apache Longbow helicopter in Mesa, Arizona for the U.S. Army and a growing number of international defense forces. The manufacture of the blades will be at DAS’s Monrovia, California facility which has built every Apache rotor blade since the inception of the program.
Joseph C. Berenato, chairman and chief executive officer of Ducommun, stated, “We are pleased by the award of these follow-on contracts which affirm our long-term commitment to the Apache program and highlight our growing capability to produce complex flight control assemblies, including the Apache main and tail rotor blades. Our demonstrated capabilities in rotor blade production have enabled us to win additional commercial helicopter blade work in both composites and metal bonding from other customers, broadening our presence in this important market. Finally, we are proud to work with Boeing supporting the Apache helicopter program at this time in our nation’s history.”
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, 2007 and Form 10-Q for the quarter ended September 27, 2008 for a more detailed discussion of these and other risk factors and contingencies.
These contracts are additive to current production and extend deliveries into 2010. Boeing produces the next-generation AH-64D Apache Longbow helicopter in Mesa, Arizona for the U.S. Army and a growing number of international defense forces. The manufacture of the blades will be at DAS’s Monrovia, California facility which has built every Apache rotor blade since the inception of the program.
Joseph C. Berenato, chairman and chief executive officer of Ducommun, stated, “We are pleased by the award of these follow-on contracts which affirm our long-term commitment to the Apache program and highlight our growing capability to produce complex flight control assemblies, including the Apache main and tail rotor blades. Our demonstrated capabilities in rotor blade production have enabled us to win additional commercial helicopter blade work in both composites and metal bonding from other customers, broadening our presence in this important market. Finally, we are proud to work with Boeing supporting the Apache helicopter program at this time in our nation’s history.”
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, 2007 and Form 10-Q for the quarter ended September 27, 2008 for a more detailed discussion of these and other risk factors and contingencies.