Ducommun Receives Contract from Boeing for 787 Dreamliner
Ducommun Incorporated (NYSE: DCO) today announced that it has received a contract from The Boeing Company (NYSE: BA) to produce titanium detail components and subassemblies for the Boeing 787 Dreamliner. Under the terms of the contract, production on the titanium assemblies will continue at the Ducommun AeroStructures facility in Coxsackie, N.Y.
"We are pleased to expand our support of Boeing on this magnificent airliner," said Anthony J. Reardon, chairman, president and chief executive officer. "We have enhanced our manufacturing processes for these assemblies and are prepared to maximize our output to support the higher volumes that come with full production. We look forward to working on the Dreamliner for many years to come."
The 787 Dreamliner is a mid-size, twin-engine jet airliner with various configurations that can carry up to 290 passengers on routes of 8,000 to 8,500 nautical miles, all while using 20 percent less fuel than today's similarly sized airplanes.
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.
Joseph P. Bellino
Vice President and Chief Financial Officer